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How Credit Card Processing Works in 4 Steps

Credit card processing can be a complex process, but understanding its basics is essential. This infographic simplifies the steps involved in credit card processing, helping users grasp how transactions are handled and what happens at each stage. Whether you're a merchant or a customer, this info provides valuable insight into the payment process. Read the whole info to learn more.

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How Credit Card Processing Works in 4 Steps

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  1. HOW CREDIT CARD PROCESSING WORKS IN 4 STEPS Payment Initiation The customer starts a transaction using a credit card, and the payment details are sent securely to the payment gateway. Verification The payment gateway encrypts and forwards the details to the processor, which checks card validity and funds availability with the issuing bank. Authorization The issuing bank approves or declines the transaction, and the result is sent back to the merchant for sale completion. Settlement Approved transactions are finalized, and funds are transferred to the merchant's account after deducting fees. www.webpays.com

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