I'm trying to figure out the best way to handle payments for my business. I need a system that's secure, efficient, and user-friendly. What are the steps and options available for processing payments?
5 answers
SejongWisdomKeeper
Thu Dec 26 2024
The payment processing workflow begins with the initiation of a transaction.
DiamondStorm
Wed Dec 25 2024
Once the issuing bank completes its verification, it sends an authorization response back to the payment gateway, indicating whether the transaction has been approved or declined.
Enrico
Wed Dec 25 2024
Once a transaction is initiated, it is sent to the payment gateway for further processing.
Elena
Wed Dec 25 2024
The payment gateway then proceeds to authorize the transaction, ensuring that the funds are available and that the transaction is valid.
CryptoPioneer
Wed Dec 25 2024
During the authorization process, the issuing bank verifies the transaction details, including the account balance and the authenticity of the cardholder.