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Subject:
How does online payment processing service charge credit card?
Category: Computers > Security Asked by: duaphep-ga List Price: $3.50 |
Posted:
23 Oct 2004 18:35 PDT
Expires: 22 Nov 2004 17:35 PST Question ID: 419109 |
How does online payment processing service charge credit card? How can it make sure that credit card is valid? Why does some payment processor requires only my name and my credit card, other requires my name, my address and my credit card verification number? |
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There is no answer at this time. |
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Subject:
Re: How does online payment processing service charge credit card?
From: buddhika-ga on 23 Oct 2004 23:38 PDT |
Go https://www.verisign.com and get informations u want. |
Subject:
Re: How does online payment processing service charge credit card?
From: cacm-ga on 08 Nov 2004 22:15 PST |
read this 1. The customer places an order with the merchant via a website, call center, retail location, or wireless device. 2. The payment gateway receives the transaction via the Internet, securely encrypts it, and submits an authorization request to the customer's Credit Card Issuer to verify both the account and funds availability. 3. The authorization (or decline) response is returned via payment gateway to the merchant. Round trip this process averages less than 3 seconds. 4. Upon approval, the merchant fills the customer's order. 5. Payment gateway sends the settlement request to the Merchant Account Provider. 6. The Merchant Account Provider deposits settlement funds into the merchant's account. |
Subject:
Re: How does online payment processing service charge credit card?
From: fireonice-ga on 09 Nov 2004 04:46 PST |
Some (most) processors have higher level of authentication and hence also need your address (for Address Verification)and card verification (cvv2,cvc2 info:3 digits on back of your card, 4 digits for amex) |
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