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What is the process of online payment?

05 Apr 2022 By PAYCEC

A payment gateway does the following steps in the process of online payments through:

Collection: When the buyer enters the checkout on the website to submit their credit card information, the payment gateway will either provide the payment page or transmit the information to it securely.

Transfer: The payment gateway securely transmits the credit card information and transaction details of the buyer to the payment processor (a.k.a acquirer, acquiring bank, or merchant bank).

Authorization: After this data finds its way through the card network and to the issuing bank of the buyer, the transaction authorization will find its way back to the payment gateway, where you and your buyer are notified whether or not the transaction is successful.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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