I'm trying to figure out the best way to handle payments for my business. I need a system that's secure, efficient, and user-friendly. What are the steps and options available for processing payments?
            
            
            
            
            
            
           
          
          
            5 answers
            
            
  
    
    SejongWisdomKeeper
    Thu Dec 26 2024
   
  
    The payment processing workflow begins with the initiation of a transaction.
  
  
 
            
            
  
    
    DiamondStorm
    Wed Dec 25 2024
   
  
    Once the issuing bank completes its verification, it sends an authorization response back to the payment gateway, indicating whether the transaction has been approved or declined.
  
  
 
            
            
  
    
    Enrico
    Wed Dec 25 2024
   
  
    Once a transaction is initiated, it is sent to the payment gateway for further processing.
  
  
 
            
            
  
    
    Elena
    Wed Dec 25 2024
   
  
    The payment gateway then proceeds to authorize the transaction, ensuring that the funds are available and that the transaction is valid.
  
  
 
            
            
  
    
    CryptoPioneer
    Wed Dec 25 2024
   
  
    During the authorization process, the issuing bank verifies the transaction details, including the account balance and the authenticity of the cardholder.