card-processing.md

title	template	pageTitle	body_class	subtitle	howItWorks	howItWorksDiagram	collectingCardInfo	recurringBilling	cardAuthorizations	cardStatementDescriptor	chargebacksDisputes	cardProcessingPricing
Balanced - Payments processing, escrow, and payouts in one simple API | Card Processing	card-processing.html	Card Processing	card-processing	heading Accept credit and debit card payments.<br />Process any U.S. or international card without a separate merchant account and gateway.	title body How it works Balanced supports all major card brands from Visa and MasterCard to Discover and American Express. Funds are captured in U.S. currency and available for immediate access in your escrow balance.	header step1 step2 step31 step32 Once a card is charged, funds are placed in your <a href='https://docs.balancedpayments.com/1.1/guides/escrow/'>escrow account</a> (held by Balanced). You may then pay out to your own bank account or use Balanced’s <a href='/payouts'>Payouts solution</a> to pay your U.S. sellers. Charge your customer’s debit or credit card Funds are available immediately in your escrow balance Collect your funds by paying out to your bank account Pay your sellers using Balanced’s <a href='/payouts'>Payouts solution</a>	title body learnLink learnLinkHref Collecting card info Charge a card by collecting the card number and expiration date. Information is securely passed through <a href='https://docs.balancedpayments.com/1.1/guides/balanced-js/'>balanced.js</a>, bypassing your servers and removing your need to become <a href='http://support.balancedpayments.com/hc/en-us/articles/200173030-Do-I-need-to-be-PCI-compliant-'>PCI compliant</a>. View card processing best practices https://support.balancedpayments.com/hc/en-us/articles/201035880-Verifications-Authorizations-and-Captures-Best-practices	title body learnLink learnLinkHref Recurring billing Balanced’s open-source, recurring payments system, <a href='https://github.com/balanced/billy'>Billy</a>, allows you to schedule charges at specific times. Learn more about Billy http://balancedbilly.readthedocs.org/en/latest/index.html	title body learnLink learnLinkHref Card authorizations Reserve funds on a credit card for up to seven days by issuing a card authorization. Learn more about authorization use cases such as crowdfunding https://docs.balancedpayments.com/1.1/guides/cardholds/	title body learnLink learnLinkHref limit Card statement descriptor Modify the card statement soft descriptor on a per-transaction basis. Each descriptor begins with BAL* followed by your 18-character-long description. Learn more about setting the soft descriptor https://docs.balancedpayments.com/1.1/guides/credits/#bank-statement-descriptor Card statement soft descriptor max. character length: 18	title body learnLink learnLinkHref Chargebacks & Disputes In the event of a chargeback, Balanced will notify you to help gather the documents necessary to fight the chargeback. Learn more about the chargeback process https://support.balancedpayments.com/hc/en-us/articles/200135910-How-are-credit-card-chargebacks-and-disputes-handled-	title image percent cent list Pricing card-processing 2.9 30 name note price Foreign currency conversion 2% fee on top of card processing rate 2% name price Authorization hold $0 name note price Refund processing fee of 2.9% is returned, but the 30&cent; is non-refundable $0 name price Failure $0 name price Chargeback $15