How Do Payment Gateway Process Works?

Payment gateway has become the major source of money transfer for online transactions. High risk business like ecommerce, tech support, debt collection and recruitment business all are comprehensively rely of this online platform to accept payments in multiple currencies by different credit cards. Payment gateways are designed to encrypt the sensitive information like credit card numbers, with complete safety to pass it between the merchant and customer. See how a payment gateway for technical support works.

Step1: When customer visits at an ecommerce website or other similar web pages, he chooses the suitable service and place an order. Customer places an order or buys any service online by submitting the request and providing his credit card details to process the transaction of payment.

Step2: After getting the order, the browser of customer encrypt the information to be sent between browser and merchant’s web browser, and this process is done via secure socket layer (SSL) encryption. These types of encryption process help to perform secured online payment transactions.

Step3: After getting the details, merchant forward the transaction details to their payment gateway which also run through a SSL encrypted connection. And then payment gateway forwards the whole information of whole transaction to the payment processer used by the merchants acquiring bank. After this, the payment gateway processers forward the transactions info to the credit card companies like Visa and Master card. Besides Payment gateway for tech support business, this process also works likewise.

Step4: After getting all the information, the credit card issuing bank receives the authorization request and sends a response back to the processer with a unique response code. Now processer forwards the response to the payment gateway which receives the information and forwards it on the website where it is interpreted as a relevant response then transmitted back to the card holder and merchant.

Step5: After all this, merchant submits all their approved authorizations in a batch to their acquiring banks for the settlement through their processer. The whole process of authorization to settlement to funding usually takes two to three days. In this way Payment gateway for tech support and other high risk businesses works providing a one of the most, convenient and secured online payment system.

As each customer needs to submit his personal details at the time of transaction process, and to secure this info, the payment gateway is often carried out through HTTPS protocol. The whole process is done in highly secured manner and credit card companies also follows various steps of like 3-D secure protocol to ensure the privacy of customer’s data and also the important details of merchants.

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