The following is a brief introduction to payment gateway credit card processing.

1. The customer's payment is processed by your gateway.

After placing an order, the customer's payment information is securely uploaded to the payment gateway system. Encrypt this information to your merchant account or a third-party processor.

2. The credit card association collects the fee and sends the payment to the issuing bank for approval.

Transaction data is transmitted to your credit card association (eg Visa, etc.). If the transaction is approved, the association will charge the processor an interchange fee. The transaction is then approved or rejected by the customer's card-issuing bank.

3.3. Authorize feedback to you.

After the card-issuing bank authorizes or declines the transaction, the information is passed on to the credit card association. From then on, it will go back to your business account/processor, internet payment gateway, and then to your website, for your transaction approval or rejection with your client.

4. Funds are sent to your merchant account and the transaction is processed.

Assuming the transaction is authorized, the issuing bank sends funds to the receiving bank to cover the customer's order and the trader's fee. The receipt bank sends the funds to your business account and notifies your processor.

5. Your business receives transaction revenue.

Processors, credit card associations, receiving banks, and card issuing banks will all receive a portion of the processing fee. The remaining funds will be deposited into your business's bank account. Businesses typically receive funds within 48 hours. If the transaction is rejected, your funds may be withheld and the processor will investigate.

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