Credit card processing

Credit card processing

When ordering from the online stores are more and more customers prefer to pay with credit and debit cards. This payment method is fast, simple and reliable. From the buyer is required to enter the data card, and the appropriate amount is automatically deducted from the account. However, a novice owner of Internet shop gear card payment over the Internet may not fully understood. Next, a mechanism for receiving and processing such payments in the online store.


When you are bringing to the cashier in stores credit card to pay for goods, credit card details and payment data is read through a special device, and sent to the bank, in which the seller account is opened. The seller's bank associated with the bank that issued the credit card customer. If the transaction is approved by the credit card bank to the merchant's account on the relevant amount is transferred.

Credit card processing

As e-commerce payment processing made by credit card takes place in the same way except one: a device that reads credit card information is replaced by a payment system - a specialized company that provides services for secure credit card processing, write-off from their funds and their transfer to seller's bank account.

There are a number of payment systems, which provide their services to the owners of online shops: both Russian (Assist, ChronoPay, CyberPlat), and foreign (Authorize.Net, 2checkout, Chase Paymentech, etc...). To use the payment system you need to register it and receive the so-called merchant account - an account that allows you to accept payments by credit cards. Opening of merchant account in the foreign payment system for Russian entrepreneurs can be difficult (it requires the presence of a foreign currency account in a foreign bank and wiring diagram can be difficult). Russian businessmen easier to use the services of Russian payment systems, since such companies are assisting local entrepreneurs to register a merchant account.

Despite some differences in the services of payment systems, payment processing in the same online store. At the moment of entering the buyer on the window of an online store credit card information for payment and the receipt of a completed payment of the report, the following occurs:

1. Customers order, enters the credit card details on the website online store.
2. Ordering information and merchant account Seller forwarded to the payment system server through a secure connection (SSL).
3. The payment system sends information about the payment to the bank where the account Seller shop.
4. From the seller's bank information is sent to the bank that issued the credit card customer.
5. The bank credit card information is validated and the availability of funds. The appropriate response is sent back to the seller's bank.
6. The bank sends a response and payment details to the payment system. If given permission to charge-offs, the corresponding amount is transferred to the seller.
7. The payment system sends the transaction results in the online store.
8. Report of the payment made (or refusal of receiving funds) and the buyer.

Depending on the seller's bank, credit card type and use of the payment system, payment commission. Normally commission is 2-3% of the total booking.