How Does Payment Processing Work

On the surface, payment processing seems so straightforward : a customer loads his or her online shopping cart, he enters his or her credit card details and clicks the “buy” button. Within seconds, both you (the e-merchant) and the customer receive confirmation of the successful sale. Though despite this speed and simplicity, there’s a lot more happening behind the scenes. The entire payment processing dance involves many more players than just the buyer and seller. Below is a more detailed breakdown of what really happens under the hood. Online Payment Processing — Behind the Scenes We already know how an online transaction...

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