Must Know About Credit Card Processing

The entire process of the payment authorization occurs in a matter of seconds. It involves the cardholder, merchant, issuing bank (cardholder’s bank), acquiring bank (merchant’s bank), and card network (Visa or Rupay).

The parties involved exchange information to verify the transaction and approve it or decline it depending on the details of the transaction.

Lastly, the merchant settles the transactions with the acquiring bank in batches, which concludes the credit card processing.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s