article thumbnail

Accepting Online Payments with Internet Merchant Accounts

EBizCharge

They provide a secure platform for processing transactions, ensuring the consumer’s payment information and the merchant’s funds are protected. This account is typically integrated with a payment gateway, which is responsible for the safe transmission of transaction data. How do payment gateways work?

article thumbnail

What is Payment Processing?

Clearly Payments

Transaction Initiation Customer Payment: The process begins when a customer makes a payment using a credit/debit card or other payment methods at a merchant’s point of sale (POS) system or online checkout. It then sends an approval or denial response back through the card network to the payment processor.

Process 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

Zed’s innovative offering will include a no-fee credit card with features such as no hidden charges for international use, zero-interest on purchases for up to 31 days, and an advanced app with real-time transaction monitoring and security features like card freezing and unlimited virtual cards for secure online transactions.

FinTech 117
article thumbnail

Understanding B2B Payments: Exploring Payment Methods and Key Terms

EBizCharge

As technology advances, digital payment solutions and automation tools are increasingly adopted to streamline B2B payment workflows and improve efficiency and transparency in transactions. Payment gateways encrypt sensitive payment data, such as credit card details, ensuring secure transmission.

B2B 52
article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Many leading tech companies — including Google (Checkout), Yahoo (PayDirect), and Microsoft (Passport) — tried to compete with PayPal to gain a foothold in the online payments market, but ultimately shuttered these product lines in the mid-2000s. Since its inception, Square Capital has originated over $5B in funds to 275K merchants.

article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Check Conversion The process of converting a paper check into an electronic payment, typically at the point of sale. Credit Limit The maximum amount that a cardholder can charge within their credit range. P Payment Card A card that can be used to make electronic payments, such as a credit or debit card.

Process 52
article thumbnail

Automated order processing: Boost efficiency

Nanonets

Order validation and approval: The captured order details are validated based on predefined criteria such as pricing, discounts, inventory availability, and customer credit limits. Manual payment processing Automated payment gateways facilitate faster and more accurate transaction processing.