Payment Processing
Processing and Next Day Funding
When a customer makes a payment, a number of technologies and institutions work together in just a few seconds to approve the transaction and schedule payment to your account. You will get the funds from Visa®, MasterCard®, Discover® Network, and American Express® transactions as soon as the next business day.
Here’s how payment processing works
Customer makes an electronic payment
Merchant terminal (in person) or gateway (online) electronically sends an authorization request to the customer’s issuing bank.
Customer’s bank approves or declines the transaction.
Authorization or decline is sent back to the terminal or internet gateway notifying the merchant and customer of status.
Merchant sends transaction for settlement to payment processor.
Payment processor deposits funds into the merchant’s account.
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