Question

How e payment system works

Answer 1

Answer:

Here's how online payment processing works:

The merchant submits a transaction. The payment gateway securely sends the transaction to the processor. ... The processor sends money to the merchant's bank. The processor sends the status of the transaction to the gateway – either approved or denied.

Answer 2

Answer:

Here's how online payment processing works:

The merchant submits a transaction. The payment gateway securely sends the transaction to the processor. ... The processor sends money to the merchant's bank. The processor sends the status of the transaction to the gateway – either approved or denied.

Explanation:

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