WELCOME to How-Does-An-Online-Payment-Proce

Welcome to How Does An Online Payment Processing Works

It can be very beneficial to know a little bit about online transaction handling before beginning to accept this reimbursement form. Payments provided on a website are verified and authorized in real time, meaning the customer must wait for a confirmation showing everything went through as desired. This type of processing requires an internet merchant account, payment gateway, integrated shopping cart, and a transaction form. The merchant account is used by the processing company or bank to obtain verification from the credit provider and move the funds into the supplied merchant account. Online payment processing requires a gate  way to securely send the customer information to the appropriate bank. It is joined with the shopping cart and the supplied transaction form. The shopping cart keeps track of customer selections so they can be populated into the form. Gateways send the data after a user has clicked the submit button on the transaction page. Debit Card Payment

Here’s how do these components work together! Read on…


Integration of the above mentioned components creates a dependable setup for businesses wanting to accept online payments. What exactly happens once all these factors are in place? First, a customer will peruse the company website to find items they want to purchase. They add each product to the shopping cart which keeps track of all selections until the customer is ready to check out. Once all items have been selected, the customer proceeds to the checkout page. This page may be accessed via a login or can immediately appear after clicking on a supplied button. A business can have additional pages regarding shipping options or other non-payment details integrated into the checkout process. In the simplest form, the customer is directed to a single page requiring their name, address, and compensation details.



The customer will enter their information which is then validated by the site. If a field has not been completed correctly, they are prompted to re-enter the information. Payment data is first sent to the business back-end database, secured, and then sent to either the processing companies own website or the bank for completion. Cardholder transaction details are authenticated, authorized, and assigned a status by the provider who sends this status back through the gateway to the customer. At that point, the payee is either supplied a confirmation number or prompted to supply another type of reimbursement. A business wanting to accept online payments can expect fewer difficulties when a merchant account and payment gateway are in place.



Precise technical details apply whether a business is taking the transactions on their own designed pages or through a provider website. Every page must contain SSL (Secure Sockets Layer) encryption along with authentication procedures. An application programming interface or API is required for secure data posting as well as payment confirmation processes. Providers should supply additional choices regarding page layout features, branding, and redirect services to reflect the business. This is not an issue when the transaction will be taken directly over the merchant website. Every business has a few decisions to make when starting online payment processing. Transaction acceptance can flow very smoothly once these items have been properly put in place.

If you would like to learn more about the best merchant account for your business you can contact Virtuous Payments. With years of experience in Electronic Payments Virtuous Payments is a method to provide true transparency in an ever-changing payments world through innovative and reliable payment solutions.

Contact details for How-Does-An-Online-Payment-Proce

Contact:Virtuous Payments
Address:4919 Killarney Street , Vancouver BC V5R3V8
Apt. No. or Suite No.

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