The smaller merchants use it to process credit card payments and avoid issues with fund reversals (such as when credit card purchases are returned) or disputes over credit card charges merchant service aggregators.
Payment reversal (also "credit score card reversal or "reversal price") is when the price range a cardholder used in a transaction is returned to the cardholder's financial institution. This may be initiated with the aid of the cardholder, service provider, issuing bank, acquiring financial institution, or card affiliation.
Widespread rule to keep in mind: If the payment in query becomes deposited into the account, it might be money back. If it was no longer deposited, it would be a Reversal.
Price reversal is an umbrella time period describing when transactions are lower back to a cardholder's financial institution after creating a charge. they could occur for the subsequent motives: item sold out before it is able to be delivered. The purchase turned into made fraudulently.
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