Entry fee
Con-Commerce Industry and is growing rapidly, there is also need for the payment gateway. A payment gateway processor makes the transfer of information from the cardholder to purchase on a Web site that the acquiring bank, which ultimately , Also known as a front. There are several activities to develop a payment card. The information is then processed and the payment gateway, where it is processed, the credit card company then receives the information,and, when approved, the transaction is completed. This occurs within seconds and the customer receives the approval, the transaction is completed or inform the transaction was rejected. There are several steps to process payments.
Payment Information PROCESSES
When a customer pays for goods or a service that starts the process information when the order is sent online or by phone. If the information is collected online, theThe information must be encrypted with SSL (Secure Socket Layer). This will be done with the browser and the server the merchant's website. When the merchant receives information, is encrypted with an SSL, Gateway, and then sent to the payment.
Payment Gateway processes PAYMENT
The payment gateway receives the payment order. The card information is encrypted and the payment processing company.From there it is sent by SSL, the map of the bank issuing company. E 'immediate treatment and the card companies to approve or deny the authorization of the transaction and send a code for payment processing company. If the transaction is rejected, the code will show why. Some of the reasons for a map to be rejected, the unauthorized use of the paper, sufficient funds in the account and an expired card. This information is sent from the paymentprocessors to the website payment gateway and then forwarded to.
After the release of Payment Process
Periodically, the merchant has all the permits in a game with the acquiring bank will be paid. The funds are then deposited into the merchant's bank change. It may be in the same bank as the acquiring bank or another bank. The date of registration on the day of reckoning is deposited by threeDays.
