Oct

How Global Payment Gateways Work

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How Global Payment Gateways Work

RangoAlto is a global payment gateway that facilitates the transfer of payment between a website, mobile phone or IVR service (also known as the payment portal) and the acquiring bank or Front End Processor. But what is the exact process that the payment gateway-enabled merchant has to go through in order to perform a successful, hassle free transaction?

To begin with, a customer needs to place an order or payment on the website. This step requires that the customer enters their preferred method of payment and its details, for instance, its card information.

Safeguarding our customer’s personal information is vital for RangoAlto. In order to do so, our customer’s personal information is encrypted via Secure Socket Layer or SSL. By doing this, we guarantee that all the information exchanged between our customers and the merchant’s web server is private. The same encryption method is utilized between the merchant’s web server and the payment server hosted by the payment gateway.

Once the customer’s information is exchanged, we forward the transaction’s information to the card association or issuing bank. At this point, the issuing bank or card association receives an authorization request that is answered back to the merchant’s web server. This response will determine the fate of the payment and will conclude whether the payment was approved or declined. In case the transaction fails, the reason why will also be forwarded.

In order to let the user know whether the transaction was successful or not, the merchant’s web server is responsible for displaying it to the user. As intricate as it sounds, this whole process usually takes no longer than a couple of seconds. At this point the merchant is able to submit all their approved transactions in a batch that is the forwarded to their acquiring bank for settlement. The funding of the approved transactions typically takes up to 72 hours, making it the longest step of the whole process.

Top quality global payment gateways like RangoAlto provide tools to screen fraudulent payments and calculate taxes in real time prior to the actual authorization request. This facilitates the whole process and helps to pinpoint fraudulent transactions based on geolocation and basic address verification checks.

Global Payment Gateway is PCI Level One Compliant and fully capable of processing all payment methods to include credit cards, electronic check and over-the-phone IVR payments. RangoAlto is a top quality global payment gateways services provider.

Article from articlesbase.com