I just posted a GID Community blog entitled: How Does a Credit Card Transaction Get Processed?
It all begins when a Cardholder, your customer, presents their credit card to you to pay for the goods or services you are selling. In a retail or “card present” environment, the customer hands you their credit card. In an e-Commerce environment or “card-not-present” environment, the customer presents their credit card to you on the secure checkout page of your online shopping cart. There are 7 steps in the life of a transaction.
Please let me know what you think.
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