What is credit card processing?
For the merchant
For businesses, credit card payment processing means accepting credit cards as a payment method within their online store or website. A consumer provides merchant credit card data to be processed, which usually delivers the money to the merchant's account in a couple of days.
For the payment system
For the payment service provider, this definition means so much more - there are many parties involved from the time the card is used for the payment until the money is transferred into the merchant's bank account. And each of them is in charge of a critical phase in the sequence of events.
The customer enters card details on a merchant’s website.
The merchant sends the payment data via payment gateway tot the acquiring institution.
The acquiring institution securely forwards the card data to the card network.
The card network requests payment authorization from the cardholder’s Issuing bank.
The Issuing bank sends the response (approwed or declined) back.
Many payment processors have a slew of hidden costs when it comes to credit card processing.
Pricing offered by exactly® is fully transparent and tailored for each business individually. Before cooperation beginning, merchant is provided with the list of possible costs for all types of transactions that may appear.
Why you need to choose exactly® payment system?
Tailor the payment page according to your brand design to be able to provide a truly seamless payment experience
Easy and fast API integration to any website, application, or CMS
Analyse sales channels by studying the data provided by the built-in analytical system to be able to optimise processes and increase revenues