How Payment Processing Works
September 16, 2024 ⚊ 1 Min read ⚊ Views 24 ⚊ BLOG
The process of processing payments involves the transfer of funds from the bank of a client into the merchant\’s bank account following making a purchase. The process begins when the buyer gives payment information, these are secured and then transferred to a payment processor that is then verified by the bank and authorized, allowing the funds to be securely transferred to the retailer.
Tags: #paymen, #paymentprocessing, #toppaymentprocessing
