Your Guide to Online Payment Processing
What is Online Payment Processing?
In basic terms, it’s the process behind making online payments through the internet. While most traditional transactions involve cheques and direct deposits, online payments are strictly digital.
The Key Players in the Processing
There are four key players that are involved in the online payment process: Separately, these three key players can’t contribute anything. They bring the online payment process together.
How Online Payment Processing Works:
While the key players are pivotal to the success of an online payment process, it’s helpful to understand exactly how money moves from customers to a business. This detailed breakdown sums it up for you: That, in a nutshell, is how an online payment process works. As you can see, it’s more complex and involves a lot of players than expected. We hope that this guide helps you understand how online payment processing works!
