The Untold Secrets Behind Merchant Payment Processing Every Entrepreneur Needs to Explode Their Sales Fast
Customer Interaction
The payment gateway is the point of interaction between the customer and the merchant during an online transaction. It encrypts sensitive card details to keep the data safe from unauthorized access as it is passed from the customer to the merchant’s acquiring bank.
Back-End Processing
Following customer verification, the acquiring bank sends details to the card networks, which contact the customer’s bank for authorization. This intricate process usually takes seconds, demonstrating integrated technology’s power to process millions of transactions daily.
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