emerchantpro
Joined: 17 Jun 2022
Posts: 14
Posted: 2022-06-21 08:19
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Credit Card Processing
allows the transaction to be accepted through credit cards. The credit card information captured by the merchant business is first transferred to the payment gateway and then to the acquiring bank which verifies whether the customer has the required payment in the account or not.
If yes, then acquiring bank transfers the approval to the payment gateway which again transfers the request to credit card companies to debit the requested payment from the issuer credit card account. Thus, the entire transaction gets completed and the payment is transferred to the merchant account.
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