Accept Credit Cards Anywhere!
Sell online, mobile or at a store. Accept credit cards, e-checks and alternative payments.
Flying Cow Design has trusted gateway partners we have been working with for many years.
Whether you’re new to payments gateways or just need a refresher, you’re in the right place. Get started by understanding the basics of how credit cards work by watching the following video
How credit card payments work
Paying with a credit card has many benefits including convenience easy tracking and security and when merchants use authorize.net they can accept all major credit card brands on their website mobile device or retail store.
Paying with a credit card has three basic steps: Authorization, Capture and Settlement.
1. If you've purchased something using a credit card then you've seen authorization at work when your card is swiped at the checkout counter or when you click Submit on the checkout form online authorize.net manages the process of checking to make sure you have sufficient funds available for the purchase this is authorization.
2. After verifying that funds are available a hold is placed on the money this is capture. Once the funds are captured, the merchant can hand over or ship the goods and be confident that they'll be paid, however the merchant doesn't have their money yet.
3. The process of transferring money from the customers credit card or bank account to the merchants bank account is called settlement. Settlement usually occurs once each business day. During settlement the bank's connect to each other. Authorize.net begins the settlement process by aggregating the daily transaction details and sending them to the Merchants Bank. The payment network then handles the settlement. Once settlement is complete the buyers money is transferred to the merchants bank account. Meanwhile the customers bank posts a charge on the customer's account. The transaction is now complete and the purchase will show up on the customer's credit card statement.
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