When you make an online purchase, it may seem like you’re only waiting a few moments for screens to load, but a lot of work goes into processing your payment. Ecommerce websites actually rely heavily on payment processors to verify credit information, relay the information back to the website, and facilitate the monetary transaction between the customer’s issuing bank and the merchant’s acquiring bank. Here is a short walkthrough to explain exactly what happens behind the scenes when customers make an online purchase. For more information about various forms of payment processing or for merchants who want to enroll in a payment processing program, contact True Merchant today.
Authored By: Jimi Romanus