The processes that are related with processing of online payment via merchant account payment gateway are as follows:
1)The customer goes into the website and places the order in general on the online store.
2)After this they click on the pay option and whether or not they want to pay by a specific option or cash. If they want to pay by credit card or debit card or internet banking, then they are redirected to an entirely different portal.
3)The portal send a message via encryption and even the message that is received by them is encrypted via codes so that they don’t get any of the card details of the customer.
4) A message is then sent to the card association which is MasterCard or Visa, etc. that in turn sends an encrypted message to the bank server.
5)Once the bank authenticates the transaction is when it gets approved by the payment gateway.
This entire process takes about 2-3 seconds and also everything is done by encryption. Coded messages are always useful when it is about authenticating a transaction because in this case no third party gets your details and your account remains secure.
Merchant account payment gateways are also helpful considering the fact that there is a lot of traffic in the man servers of MasterCard and Visa and this toll is taken by these merchants who provide safe payment services.
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