| 1888 Articles Home | Internet & E Commerce Articles | Ecommerce Articles | Online Business Articles | Ecommerce RSS |  |
||
The basics of online payment gateways |
||||
|
How online payment gateways work and what is the normal procedure of an online transaction? |
||||||||||||
| Author: Fac |
|
|||||||||||
The reverse process happens within seconds as well, and along with the issuing bank's response some other details, such as: a notification code, the transaction status and the reasons why the transaction could not take effect -if any, are sent to the cardholder. In other words, this information passes by the credit card interchange, the acquirer processor, the payment gateway, the merchant's website and finally reaches the cardholder.
Apart from the above steps, the rest of the transaction happens in a different time frame, and it implies the delivery of the product and the money transfers from the acquiring bank to the merchant's nominated account.
Amongst other options merchants can take advantage of out of online payment gateways, one can list: authorize transactions, make refunds and capture payments by accessing the real time reports and tools set up for these purposes. In some occasions, online payment gateways also allow merchants to easily work with different currencies and card types.
About Author
First Atlantic Commerce
Headquartered in Bermuda, and established in 1998 to create secure card-based payment solutions for e-businesses, FAC provides powerful technology designed to work with most merchant platforms. Business solutions such as 3-D Secure Payer Authentication, IP Geolocation, Virtual Corporations and the online payment gateway are available in various international jurisdictions.
Article Source:
http://www.1888articles.com
Other Related Articles The basics of online payment gateways by FAC Questions to Ask Before Buying Furniture by Sharon Samraj Know About How To Make Homemade Wine by Gurcharan Singh What Exactly Is Personal Debt Consolidation? by Andrea Smith |
|
