Q. How does a credit card processing system works?
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HighRisk Gateways


How does a credit card processing system works?

The steps are taken in a Credit card processing system:
• The customer clicks pay and enter card details.
• The risk management system checks the transaction to confirm it is not fraudulent.
• The acquirer forwards the transaction via card schemes. And to the customer’s bank and requests authorization.
• The payment processor gets a revert from the acquirer and processes the payment or informs the merchant it was declined.
• If the payment is confirmed. The funds are settled in the merchant’s account.


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Mar, 2022

Banking
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  • chauncy

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