Question

how does online transaction work

Answer 1

Answer:

Basically, when the customer places an order on the merchant's website, the payment gateway securely gathers and stores thetransaction data, which is processed and forwarded to the acquiring bank and to the credit card networks, which, in turn, transfer the encrypted information to the customer's card issuing bank.

In this way,it works..

hope so it helps if yes...plzz mark it brainliest and follow me tooo plzz

Answer 2

Answer:Basically, when the customer places an order on the merchant’s website, the payment gateway securely gathers and stores the transaction data, which is processed and forwarded to the acquiring bank and to the credit card networks, which, in turn, transfer the encrypted information to the customer’s card issuing bank for approval.

When the payment is confirmed by the issuing bank, the information chain is backtracked, and the merchant informs the customer, within three seconds since the order, that the transaction has been completed successfully.

Explanation: