Online Card Payment: It’s Easier and Much Faster!


With the rise in the trend of plastic money people have gone cashless and started following the trend of swiping the card for even the smallest purchases they make. Making payments online have pushed people to further make their lives comfortable and feel safe and smart. There is no botheration of carrying cash every time when everything is being digital and friendlier.

You must be finding swiping a card process quite easy and simple as it is just a matter of a few seconds. You just swipe your card on the machine at the store, enter a PIN and receive a message from your respective bank that a certain amount has been deducted. However, the process is quite complicated and involves several stages. Did you ever wonder, what is the entire process that follows at the back end to carry out a successful transaction? Here is the process, in brief, to make you learn how an online card payment is processed.

To carry out a transaction, there are three major players. One is the merchant, the customer and the payment gateway.

The merchant swipes your card at the point of sales, the machine used to swipe the card, the merchant bank at the bank end processes the request into the merchant account that you have acquired as a business owner.

Read More: Wait for credit card settlement? Personal loans made possible now!

The customer initiates the request to carry out a transaction in order to pay for his/her purchases to the merchant. He/she enters the PIN to carry out a safe transaction.

Article Name
Online Card Payment: It’s easier and much faster!
Making payments online have encouraged people to make their lives comfortable and feel safe and smart. Online payments are literally a matter of seconds!
Publisher Name
Instant Banking
Back to top button
Get Instant Cash Loan upto INR 2 Lakhs Quick and Easy Process