{"id":10895,"date":"2022-12-21T15:50:07","date_gmt":"2022-12-21T15:50:07","guid":{"rendered":"https:\/\/trc-parus.ru\/?p=10895"},"modified":"2022-12-21T15:53:10","modified_gmt":"2022-12-21T15:53:10","slug":"how-a-credit-card-transaction-works","status":"publish","type":"post","link":"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/","title":{"rendered":"How a Credit Card Transaction Works"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10895\" class=\"elementor elementor-10895\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16559b5 e-flex e-con-boxed e-con e-parent\" data-id=\"16559b5\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e4d5410 elementor-widget elementor-widget-text-editor\" data-id=\"e4d5410\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">There is a lot that happens in a credit card transaction. There is consumer identity verification, merchant status verification, fraud detection, and bank communication. All this happens in seconds.\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">Credit card networks like Visa can handle 24,000 transactions per second. That&#8217;s a highly scalable system.<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">The complexity of a credit card transaction can be easily overlooked. There are many different companies involved that each focus on their own part of the transaction.\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">In a credit card transaction, there are six major steps. Each of these steps play a critical role\u00a0 in the transaction flow in payment processing.\u00a0<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">A transaction starts with the consumer who holds the credit card that conducts a purchase from a merchant. The merchant&#8217;s payment gateway or credit card machine sends the transaction to the acquirer, then to the credit card network (i.e.\u00a0<\/span><a style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: #ffffff; font-size: 1rem;\" href=\"https:\/\/trc-parus.ru\/\" target=\"_blank\" rel=\"noopener\">Visa<\/a><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">) and finally the issuing bank. All of this occurs in seconds and results in an approved or declined message for the consumer.<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">The below image shows a &#8220;Payment Gateway&#8221;. Technically, a payment gateway is only used in an online payment for eCommerce. However, if it is a in-store purchase with a <a href=\"https:\/\/trc-parus.ru\/products\/terminals\/\">credit card machine<\/a>, you can replace Payment Gateway with Credit Card Machine.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-007acf1 elementor-widget elementor-widget-image\" data-id=\"007acf1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"220\" src=\"https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/11\/online-payment-flow-1024x281.png\" class=\"attachment-large size-large wp-image-10760\" alt=\"Online Payment Flow\" srcset=\"https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/11\/online-payment-flow-1024x281.png 1024w, https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/11\/online-payment-flow-300x82.png 300w, https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/11\/online-payment-flow-768x210.png 768w, https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/11\/online-payment-flow-1536x421.png 1536w, https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/11\/online-payment-flow-2048x561.png 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a747f5 elementor-widget elementor-widget-text-editor\" data-id=\"0a747f5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol><li><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\"><b>Credit Card Holder: <\/b><\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">The person who owns the credit card submits an online transaction through a merchant&#8217;s website, software, or mobile application.\u00a0\u00a0<\/span><\/li><li><b style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\">Merchant: <\/b><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">The merchant\/business has a payment form or shopping cart that the credit card holder interacts with. The business&#8217;s online payment page displays the payment options, price, taxes, and approved or declined messages.<\/span><\/li><li><b style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\">Payment Gateway or Credit Card Machine:<\/b><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\"> The <\/span><a style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: #ffffff; font-size: 1rem;\" href=\"https:\/\/trc-parus.ru\/blog\/what-is-a-payment-gateway\/\">payment gateway<\/a><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">\u00a0or <a href=\"https:\/\/trc-parus.ru\/products\/terminals\/\">credit card machine<\/a> is the software or hardware that facilitates the payment from the merchants store or website. The payment gateway or credit card machine is provided by a merchant services provider like TRC-Parus. This steps validates the consumer&#8217;s credit card and routes the transaction information to the Acquirer.<\/span><\/li><li><b style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\">Acquirer: <\/b><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">The acquirer is the &#8220;bank&#8221; that underwrites the merchant, meaning it takes on the <a href=\"https:\/\/trc-parus.ru\/blog\/what-is-underwriting-and-merchant-account-risk\/\">risk<\/a> in providing credit to the merchant. The acquirer processes the credit card payment and routes it to the actual credit card network such as <a href=\"https:\/\/trc-parus.ru\/en_CA\" target=\"_blank\" rel=\"noopener\">Visa<\/a>, Mastercard, Discover, or <a href=\"https:\/\/www.americanexpress.com\/en-ca\/\" target=\"_blank\" rel=\"noopener\">American Express<\/a>.<\/span><\/li><li><b style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\">Credit Card Network:<\/b><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\"> The credit card network does verification on the validity of the credit card and communicates with the issuing bank, which is the bank that provided the credit card to the consumer.<\/span><\/li><li><b style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\">Issuing Bank: <\/b><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 1rem;\">The issuing bank provides the credit to consumers. The issuing bank will validate that the credit card is in good working order and validates there is enough balance of funds on the credit card to approve the transaction.<\/span><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49192dc elementor-widget elementor-widget-text-editor\" data-id=\"49192dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There is even more happening behind the scenes that what is described here, however this gives a general overview of how a credit card transaction works in payment processing.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>There is a lot that happens in a credit card transaction. There is consumer identity verification, merchant status verification, fraud detection, and bank communication. All this happens in seconds.\u00a0Credit card networks like Visa can handle 24,000 transactions per second. That&#8217;s a highly scalable system. The complexity of a credit card transaction can be easily overlooked. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":11731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[31],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How a Credit Card Transaction Works - Credit Card Processing and Merchant Account<\/title>\n<meta name=\"description\" content=\"How a Credit Card Transaction Works in Payment Processing. The process from the merchant to acquirer to issuing bank and credit card network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How a Credit Card Transaction Works - Credit Card Processing and Merchant Account\" \/>\n<meta property=\"og:description\" content=\"How a Credit Card Transaction Works in Payment Processing. The process from the merchant to acquirer to issuing bank and credit card network.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/\" \/>\n<meta property=\"og:site_name\" content=\"Credit Card Processing and Merchant Account\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/clearlypayments\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-21T15:50:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-21T15:53:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trc-parus.ru\/wp-content\/uploads\/2022\/12\/How-Credit-Card-Transaction-Work.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kalle Radage\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@kalleradage\" \/>\n<meta name=\"twitter:site\" content=\"@clearlypayments\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kalle Radage\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/\"},\"author\":{\"name\":\"Kalle Radage\",\"@id\":\"https:\/\/trc-parus.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0\"},\"headline\":\"How a Credit Card Transaction Works\",\"datePublished\":\"2022-12-21T15:50:07+00:00\",\"dateModified\":\"2022-12-21T15:53:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/\"},\"wordCount\":476,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/trc-parus.ru\/#organization\"},\"articleSection\":[\"How Payments Work\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/\",\"url\":\"https:\/\/trc-parus.ru\/blog\/how-a-credit-card-transaction-works\/\",\"name\":\"How a Credit Card Transaction Works - Credit Card Processing and Merchant Account\",\"isPartOf\":{\"@id\":\"https:\/\/trc-parus.ru\/#website\"},\"datePublished\":\"2022-12-21T15:50:07+00:00\",\"dateModified\":\"2022-12-21T15:53:10+00:00\",\"description\":\"How a Credit Card Transaction Works in Payment Processing. 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