How does Bank card Payment Gateway Work?
eData Financial How payments work
In the end it will show up as cash money in your bank account. Online credit card processing services.
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eDataPay is a company that can get you access to processing credit card transactions at extremely low rates. And, especially if your business will fall under a high risk business category, and you’re unable to get access to a credit card processor eDataPay could get it done.
Every day, people all over the world use their credit cards to buy things. More than 70,000 every second. That’s a lot, I agree. So, how do payments with credit cards, ACH, and e-checks work?
There are five main players. You, your bank, your customer, your customer’s bank, and the eData Payment gateway, which links them all, are all involved in a transaction. The first step, which happens when the customer pays, is authorization.
It can be done with a credit card and online purchase, a smartphone, or any other device that is connected. e Data Pay Gateway checks with the customer’s bank in real time to make sure that there are enough funds in the account to cover the transaction. After it’s been checked, a hold is put on the customer’s money. We say, “The money has been taken.”
You can now give or ship your goods or do your service knowing that you’ll get paid. Several safety steps are taken at this time to prevent fraud and make sure the transaction is real. This happens so quickly that by the time you thank your customer, the transaction has already been confirmed.
“Settlement” is the name of the last step. That’s when the customer’s money goes from their bank account to yours, and it can happen as quickly as the same day. And just like that, the exchange is done. The sale is made or the service is done.
You can check, verify, and download your reports by logging in to the eDataPay payment gateway. Congratulations.
Watch our video:
Click: to learn more about how eDataPay payment Gateway merchant account payments work. https://edatapay.com .
Our video shows information about “how merchant account payments work,” but we also try to cover the following:
-Merchant account gateway
-how a payment gateway works?
-how an online payments by cards work?
I’m going to show you something shocking, so take a deep breath and watch this video about how a payment gateway works.
You’re watching this video because you’re interested in how merchant account payments work. This video will also talk about: gateway for merchant account
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Benefits of a eDataPay , US banks and International Merchant Account
We Are #1
US and International Merchant Account Provider!
The merchant account specialists from small business to fortune 500 enterprises organizations nationwide have trusted us to handle our merchant processing, basically we’re gonna give you a free cost comparison free accounts set up, free gateway setup, low rates and fast approvals, 98% approval rating, no application or setup fees, benefits from secure transactions and, it’s good for good for both.
it’s a free comparison and see you can see if you can save money on your processing fees if you don’t have an account and you’re just getting started, eDataPay will get you started with the lowest rates much lower than your typical bank will offer you because you know, the bank is basically just giving everybody the same rates and fees and they have all the technology.
New and existing businesses can and should apply. The free cost comparison is important because if you’re an existing business and you already have a merchant account you could be paying a lot more for your merchant processing fees then you really need to, and eDataPay will do our best to beat those fees and get you the lowest processing fees.
Whether you are looking for a shopping cart eCommerce for your website, so you can have folks purchase and create a shopping cart to checkout. Or a phone order with virtual terminal or in person terminal, whether you’re a restaurant and you need a point of sales system to order tickets in the kitchen or your retail store and you need a point of sale sticking and you need a point of sale system for tracking inventory. eDataPay got it.