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How does Online Credit Card Processing Works?

The customers need to submit a form that collects the card details and all these details are sent to the server. The gateway checks for the further process and validates the card and availability of funds. For more info visit us at www.paygate.co.za

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How does Online Credit Card Processing Works?

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  1. How does Online Credit Card Processing Works ?

  2. Steps involved in Online Credit Card processing Lesotho • The customer places an order by filling a form that collects the card details. • On submitting the form, the details are sent to the server. • The server processes the information received and directs it to the appropriate software installed on it for card verification.

  3. The software verifies the details provided by the customer. • If it is valid, it sends the information to the gateway for further checks. • The gateway validates the card and the availability of funds.

  4. Based on the result, it sends an "approved" or "declined" message back to the software. • The gateway charges the merchant a fee for this service which can be a fixed monthly rate or a per transaction rate. • Gateways route the transactions to designated clearinghouses in batches. • The clearinghouse receives transactions from multiple gateways. • The clearinghouse transfers funds from the customer's bank to the merchant's bank.

  5. On receiving the transaction, the merchant's bank transfers the amount from the customer's account to the merchant account. • Again, the bank or card issuing company will charge a set of fees for various services - setting up the merchant account, discount rate, chargeback fee, etc.

  6. Credit Card processing includes a set of transactions, such as Credit transaction Sales transaction Chargeback transaction

  7. You may require the following to accept credit card payments on your business website : An account with a gateway A SSL enabled server A link with the different credit card types

  8. Contact Details • W www.paygate.co.za +27 (0)87 820 2020 Phone Email support@paygate.co.za

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