How Online Transactions Are Processed

The process in which a credit card transaction goes through is a complicated process that only takes a few seconds. Here is what a online transaction goes through:

1. The customer goes to the CHECK OUT with the items they placed in their shopping cart from the merchants website.
   
   
2. The customer selects credit as the method of payment.
   
   
3. The web browser then connects to the website's host's secure server and brings up the secure payment form.
   
   
4. This is when the customer enters in their credit card information and authorizes the transaction by hitting the COMPLETE ORDER button.
   
   
5. The information gathered goes to the website host's secure server using SSL encryption.
   
   
6. The secure sever connects to the merchant's processing bank through a Secured Payment Gateway.
   
   
7. The processor polls the card network i.e.(Visa and MasterCard)and availability of the funds is confirmed.
   
   
8. If the transaction gets an approval an authorization code is returned to the processor or to the SECURED PAYMENT GATEWAY from the processor.
   
   
9. The authorization is encrypted by the Payment Gateway or processor and is transmitted in an encrypted form to the web server of the merchant, which triggers fulfillment of the order.
   
   
10. The merchants web server then sends the customers browser a confirmation receipt via email.
    
    
11. The amount due is moved from the card holder's issuing bank to the merchant's processing bank. From here the processing bank will deposit the funds to the merchant's checking account within 2-3 business days.
    

Eagle Merchant Services offers online processing for merchants.



© Eagle Merchant Services is a Chicago merchant services area merchant account provider offering online processing for merchants.