How does the payment gateway work? Read the article to find out how the money flows

How does the payment gateway work? Read the article to find out how the money flows

The payment gateway is an exchange point for information between a payment gateway, such as a website or cell phone, and the payment processor used by the bank to provide the guarantee.

The customer makes an on-site request, payment gateway for ecommerce such as "Submit Order" or "Buy Now".

The client's web application scrambles the data that must be sent to the processor, and the web server encrypts it via SSL (Secure Sockets Layer).

The exchange data is then sent to the payment gateway leasing portal by the Internet commerce trader. The association is also ssl encrypted.

The payment gateway pushes interested exchange points to a payment processor used by the collection management bank of the business owner conducting business online.

Exchange data is currently sent from the payment processor to a card subsidiary

The entire process takes about 2-3 seconds and is divided into three parts.

The bank issuing the account card gets an approval request and sends a response code back to the processor. The response code not only determines the fate of the payment (i.e., confirmation or rejection), but also identifies the reason for the transaction disappointment (e.g., insufficient assets).

The processor gets the response code and pushes it through to the payment gate.

The payer then sends the resulting response code to a web-based commerce site, where it is decrypted into a critical response and sent back to the cardholder and the online business owner.

At this point, the online business owner submits all confirmed approvals in a "cluster" to the receiving bank for settlement through its processor.

The majority of the endorsed reserves are kept by the purchasing bank in the Internet business owner's selected records.

The process from approval to settlement to funding typically takes two days.


Five hidden costs using replacement data

Choose the cost of the supplier. 61%of the respondents said that according to a investigation by LowenStein Law Firm, the cost of choosing suppliers is the gre...

The importance of millimeter wave to 5G development is self-evident!

According to 3GPP protocol, 5G network mainly uses two frequencies: FR1 band and FR2 band, FR1 band is 450MHz-6GHz, also known as sub-6GHz band;5g mmWave The FR...

The difference between IoT module and chip, the components of the module

I. What is a chipA chip is a silicon chip containing an integrated circuit, communication module which is small and usually part of a computer or other electron...

5G disruptive innovation car networking: mobile release new roadside module, Qualcomm precise positioning plan solution to do pu

The upcoming 5G, not only can produce fast data connection and data information network speed to the masses, but also facilitate the intelligent network-connect...

Talking about the advantages of CNC machine tools, these 4 advantages are what customers need!

1、Highly flexibleParts of the processing of CNC machine tools, cnc machining service china mainly depends on the processing procedures, it is different from the...

What can HRMS do for senior leaders? Do these 4 things to improve efficiency

Facilitate the approval of affairs.HRMS implements the transaction process into the system operation, and through the pre-defined approval process of the networ...

How do real estate services and infrastructure affect cybersecurity?

Environmental sustainability has become an important issue for businesses today. However, many people do not see the link between sustainability and cybersecuri...

A variety of forging process dynamic chart: long insight! Metal forming methods

Aluminum die casting (note that aluminum die casting is not a generic term for working pressure casting) is a metal forging process that has the advantage of in...

UnionPay mobile payment: a convenient payment method for the people

UnionPay mobile payment is a convenient payment method for the people, with its own unique advantages and universal application scope, as well as simple operati...

What are the advantages of China UnionPay's Cloud Flash Payment, compared with Alipay WeChat?

No invitation! We all know that Alipay is the pioneer of mobile payments, so it s certainly not strange that Alipay can become the dominant player in the mobile...