Merchant Account /
Having trouble understanding online Credit Card Transactions? Triad Hosting can guide you through the confusing steps of beginning to accept credit cards on your website. We also can help you integrate it with your website via custom written shopping carts and payment forms.
Triad Hosting Inc has partnered with Authorize.Net to offer you affordable and reliable payment processing services.
Authorize.Net manages the submission of payment transactions to the processing networks on behalf of its merchant customers. Since 1996, Authorize.Net has been a leading provider of payment gateway services, enabling merchants to accept credit card and electronic check payments from Web sites, retail stores, mail order/telephone order (MOTO) centers or mobile devices.
How On Line Credit Card Authorizations work
Step 1: Customer submits credit card information on the website. The transaction is submitted to the Authorize.Net Payment Gateway on behalf of a customer via a secure web site connection.
Step 2: Authorize.Net 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 Network (a system of financial entities that communicate to manage the processing, clearing, and settlement of credit card transactions).
Step 4: The Credit Card Network routes the transaction to the Customer's Credit Card Issuing Bank.
Step 5: The Customer's Credit Card Issuing Bank approves or declines the transaction based on the customer's available funds and passes the transaction results back to the Credit Card Network.
Step 6: The Credit Card Network relays the transaction results to the Merchant Bank's Processor.
Step 7: The Merchant Bank's Processor relays the transaction results to Authorize.Net.
Step 8: Authorize.Net stores the transaction results and sends them to the customer and/or the merchant. This step completes the authorization process – all in about three seconds or less! The website captures this transaction and displays the results to the customer to see. The customer and website adminstrator receives a confirmation email of the approved transaction.
Step 9: The Customer's Credit Card Issuing Bank sends the appropriate funds for the transaction to the Credit Card Network, which passes the funds to the Merchant's Bank. The bank then deposits the funds into the merchant's bank account. This step is known as the settlement process and typically the transaction funds are deposited into your primary bank account within two to four business days.
How eChecks Work
Below are two articles that are a MUST read before wanting to accept eChecks, as they are NOT processed like credit cards.