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eCommerce payment processing is a system that facilitates business transactions between merchants and customer banks. Simply put, the payment processor transmits information from the customer’s credit card, digital wallet, or other payment method to the merchant’s bank. Key steps include authenticating the buyer's payment information, authorising the transaction, and transferring funds.
In the fast-paced world of e-commerce, understanding payment processing is essential for success. Whether you’re launching your first online store or looking to optimize your existing payment infrastructure, having a solid grasp of payment processing fundamentals is crucial. In this ultimate guide, we’ll walk you through everything you need to know to get started with e-commerce payment processing.
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