Merchant Account - How it works

The diagram below explains the process from the time a customer visits your website to make a payment, until you receive the funds into your bank account.

Step 1: The merchant submits a credit card transaction to the SoftwareProjects Payment Gateway on behalf of a customer via secure connection from a Web site.
Step 2: SoftwareProjects receives the secure transaction information and passes it via a secure connection to the Merchant Bank's Processor.
Step 3: The Merchant Bank's Processor submits the transaction to the Credit Card Interchange.
Step 4: The Credit Card Interchange routes the transaction to the customer's Credit Card Issuer.
Step 5: The Credit Card Issuer approves or declines the transaction based on the customer's available funds and passes the transaction results, back through the Credit Card Interchange.
Step 6: The Credit Card Interchange relays the transaction results to the Merchant Bank's Processor.
Step 7: The Merchant Bank's Processor relays the transaction results to SoftwareProjects.
Step 8: SoftwareProjects stores the transaction results and sends them to the customer and/or the merchant (within seconds).
Step 9: The Credit Card Interchange passes the appropriate funds for the transaction to the Merchant's Bank, which then deposits funds into the merchant's bank account.

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