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How Credit Card Processing Works?

CREDIT CARD PROCESSING HOW IT WORKS 6 SIMPLE STEPS STEP 2 PAYMENT GATEWAY STEP 1 Merchant site payment gateway sends payment authorization details to payment processor STEP 3 CUSTOMER PAYS PROCESSOR Customer makes a purchase on merchant site and makes the Payment processor sends transaction details to credit card (cc) network. payment using their credit card STEP 6 STEP 4 STEP 5 MERCHANT SITE MERCHANT SITE Upon payment approval confirmation , merchant site ships the purchased item to the customers. Credit Card (CC) Network authorizes (or declines) the payment request. Requested amount is debited from the card holder's bank account PROCESSOR Payment processor confirms payment approval to merchant site CC Network sends back payment approval confirmation to payment Funds are transferred into merchant bank account witin 2 to 4 working days. processor Park City Park City Merchant Services Merchant Scrvices

How Credit Card Processing Works?

shared by ErikJessen on Jun 14
The credit card and debit card issuers charge merchants an interchange fee whenever a customer uses their card to make a purchase. These fees are determined by the card company and must be paid by you...



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