What is credit card processing?

Credit Card Processing involves and merchant

service provider (third-party) who takes care of all the processing

of credit card transaction between credit card issuer, merchant

account provider and merchants. CreditCardProcessing(dot)com has

explained the exact process of how credit card processing works:

CreditCardProcessing.com/2014/03/credit-card-processing-works-infographic/

Here is the step wise execution on how

actually credit card processing works

1. By Using a credit card customer makes the

purchase and makes the payment

2. Payment authorization is send to payment

processor by merchant site payment gateway

3. Transaction details are then send to credit

card network by payment processor

4. After that payment request is authorized by

Credit Card (CC) Network where in the requested amount from the

card holder bank account is debited. A payment approval

confirmation is also sent to the processor. And Payment processor

then confirms payment approval to merchant site

5. After the approval merchant ships the

purchased product to the customer and the amount/funds are

transferred within 2-4 days.