Ecommerce Merchant Account Features

1. (Order Placed): Customer places order through secure connection on website, or merchant manually keys in transaction.
2. (Authorization Request): Payment Gateway receives the transaction through the secure internet connection, encrypts it, and submits an authorization to the credit card issuing bank.
3. (Authorization Response): Credit card issuing bank either approves or declines the request and sends a response back through the payment gateway to the website.
4. (Order Fulfilled): Once approved the merchant processes and ships the customer's order.
5. (Settlement Request): The Payment Gateway sends a settlement request to the merchant account provider each day that transactions are processed.
6. (Settlement Deposited): The merchant account provider deposits the amount for each settlement into the merchant's bank account. Usually takes 24 - 48 hours.