How Online Credit Card Processing Works

Posted on 12. Feb, 2009 by admin in Merchant Article

The client will find the online merchant’s Web site and adds products to their shopping cart. When they are ready to consult, they enter their billing information.
If the merchant does not have a secure page, the customer can be transferred to a secure payment gateway. If the merchant has a secure site, then the information will be “good” to the payment gateway, without ever leaving the customer site.
Once billing information has made the payment gateway, it is then transmitted to the CPU.
The processor transmits the information from the payment gateway on-line bank that issued the credit card, which verifies that the card is valid and that the amount requested is available on the card.
The bank sets aside the amount of purchase to the merchant, and then returns an approval number or a decline message to the processor.
Within 3-15 # In seconds, the information in step 2.6 is passed to the bridge.
The gateway sends the approval code to the merchant site, or if the merchant does not have a secure site, the client gives approval information. At that time, the merchant can also choose to make the electronic payment gateway to the customer a receipt of payment.
The final payment is guaranteed and is deposited into the account of the Internet market. It typically takes two business days from the date of the original transaction of funds to the merchant checking account.

Online Merchant