As business owners, receiving the payments made by customers by swiping their credit and debit cards makes us happy. But have you ever wondered about credit card processing? Do you know what goes on behind the scene? Despite the fact that the entire process takes a matter of seconds to complete, online credit card processing is an intricate process. In this article, we are going to try to help you understand how payment transaction processing actually works.
To begin with, let us start with the several parties involved in credit card processing.
Here is how online credit card processing actually works.
The next time it takes mere seconds to complete credit card processing, you’ll know what goes on behind the scenes.