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Card Processing

Online shopping and paying with a bank card grow in popularity every year. Accepting online payments, expand your audience and geography of customers. However, businesses about to start accepting credit card payments online are wondering how to make the process safe and convenient for all parties.

Payadmit offers card processing for small businesses and provides reliable solutions at affordable prices.

All payment methods you need

What is payment processing?

Payment processing is the verification and processing of card details to complete a transaction. As a result of processing, the transaction can be accepted or rejected. Any electronic financial transaction performed using a credit card, debit card, or electronic wallet goes through the processing stage. If the verification of the payment method is successful, then the money is debited from the buyer’s account and credited to the merchant’s account.

How it work

How does processing work?

When ready to make a purchase, the client enters their card information on the payment page through payment gateways. The payment data is sent to the card payment processor, which sends the request to the customer’s bank through the card network (Visa, MasterCard, American Express, etc.). The client’s bank checks the correctness of the entered card data and the availability of funds in the account and either approves or rejects the transaction.

The issuing bank sends the decision to approve or reject the payment back to the payment processor, and the payment goes through or is canceled. At the end of the day, all confirmed transactions are completed – the funds leave the buyers’ accounts and are transferred to the sellers’ bank accounts.

Thus, payment processing is a must in eCommerce, and in order to ensure fast and reliable transactions, you need a card payment solution.

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Choose your payment processor wisely

Credit card processing online is a complex service that involves many different processes and the use of advanced technology. The following factors influence the choice of processor:

  • Transaction speed;
  • Affordable rates;
  • Professional support team;
  • Maximum uptime and others.

 

When customers pay for a purchase online, they expect a fast and hassle-free transaction. Therefore, the choice of processor is very important and directly affects the number of sales in the online store. An acceptable transaction processing speed today is less than 2 seconds.

Optimise your payments

Reliability and support are the main factors to consider

It is also important to minimize the number of failures during payment processing. If the user encounters some kind of error or transaction freeze, there is a good chance that they will close the page and find another similar store. Therefore, it is important that the processor is as reliable as possible and all transactions go smoothly.

Even during scheduled site maintenance, reliable processors offer solutions that keep servers up and running.

Payadmit offers its services as an electronic payment processor. We offer the best fees, fast payment processing, and customized solutions for different niches. You can find out more by contacting us in any convenient way.

FAQ

Frequently Asked Questions

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What is card processing?

Card processing — checking the account during a transaction. Information from the terminal goes to the bank, where the system checks the status of the client's account. After that, confirmation or cancellation of the operation comes.

What is the purpose of using a card processor?

Card processing is necessary for financial transactions. The bank checks the correctness of information about the client and the status of his accounts. After that, the money is sent to the company that provided the service.

What are the three card processing steps behind an order?

The first stage: sending data to the banking system. The second stage is verifying information about the state of personal and credit accounts. The third, and last stage: the completion of the transaction.

How long does it take to process a credit card?

Processing information takes a couple of minutes. Modern systems verify information in two seconds. If the network connection is unstable, the check time may increase. Crediting money to the issuer's account may take a day.

How card processing works?

When making a transaction, the terminal reads information about the card. The data is sent to the bank. The system checks the information about the client and decides on the transaction.

What is the online credit card process?

Online credit card processing — verification of customer information. Information processing is needed to confirm or reject a purchase. The bank checks the status of the account and decides on the operation.

How to make a credit card transaction online?

To make an online transaction with a card, you must select a payment method, enter information about the card, indicate the amount, and confirm the operation. The bank verifies the information and releases the data after the transaction is completed.

How does payment card processing work?

The buyer pays with their card online or offline. The merchant's terminal or website sends the cardholder's data to the acquiring bank or processor. The data is then transferred to the client's issuing bank for authentication. The latter checks if the cardholder has enough funds to complete the purchase and if the transaction is not fraudulent. If everything is OK, the bank approves the transaction and informs the card processor about it. The last stage is clearing.
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Additional resources

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Documentation
All the resources to successfully process payments using the Payadmit platform
PayAdmit Docs
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Do you want to scale up your business and you need a strong and flexible Commerce platform?
Contact Us
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Documentation
All the resources to successfully process payments using the Payadmit platform
PayAdmit Docs
Let’s Talk
Do you want to scale up your business and you need a strong and flexible Commerce platform?
Contact Us
Give Us a Call
Be not afraid! Go after global market share. We'll handle the backend stuff
Skype

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