Post by asadul5585 on Feb 21, 2024 23:53:52 GMT -7
Do you want to have a good online payment process? So, you need to know who and what this process involves, in addition to discovering how to use technology to make it happen in the simplest way possible, prioritizing, above all, your consumer's experience. It is also important to define very well which steps the process will encompass in order to follow them exactly. Generally, a payment process involves the customer, the company and at least one agent or issuer: banking institutions, card operators, acquirers, subacquirers and payment gateways. It is automated through the use of digital tools such as platforms created for this purpose or APIs – Application Programming Interfaces in Portuguese. The process steps include: the purchase made by the consumer; checkout and payment; his authentication; authorization of the transmission by the issuer or agent; the receipt of the order by the store that sells the product or service; billing and issuance of invoices ; It is receipt of the money paid for the sale. The better the steps are defined, the more accurate the establishment's cash flow and the better the financial department's operations. Want to know how to create a consistent payment process? In the following article, you discover everything that cannot be missed in the steps.
Check out! What is a payment process? We can consider the payment process to be a financial process involving everything that happens with the money from a purchase/sale from the moment it leaves the consumer's pocket until it actually reaches the cashier of the company responsible for selling a certain product or service. . This process will involve, in addition to the customer and the company, banking institutions and/or card operators, acquirers, sub-acquirers or payment gateways, all considered agents or operations channels Kuwait Mobile Number List which can work together or individually. Agents or operation channels of a payment process In addition to card operators and banking institutions, which “take care” of the consumer's money and hold this money until it is used to pay for an acquisition, acquirers, sub-acquirers and/or payment gateways are also involved in the payment process. . Acquirers They are transaction mediators who have a direct connection with card operators and banking institutions, such as the “owners” of card machines, such as Cielo and Rede, responsible for connecting everyone involved in the process.
They execute the transaction and, therefore, receive the value that comes from the buyer and then pass it on to the establishment. Underachieving They are the bridge between acquirers and online stores and have a role similar to that of acquirers, in addition to offering other services and functionalities for establishments and helping, charging their price, of course, in managing payments. Payment gateways Payment gateway platforms that guarantee protection, security, speed and control of sales and, at the same time, help in the storage and management of customer and transaction information, which is maintained by financial operators who will be responsible for authorizing or not online transactions made through websites. So far so good? It is worth mentioning that, whether with the involvement of one or more agents, the online payment process will always happen in more or less the same way: through specific platforms or payment APIs.
Check out! What is a payment process? We can consider the payment process to be a financial process involving everything that happens with the money from a purchase/sale from the moment it leaves the consumer's pocket until it actually reaches the cashier of the company responsible for selling a certain product or service. . This process will involve, in addition to the customer and the company, banking institutions and/or card operators, acquirers, sub-acquirers or payment gateways, all considered agents or operations channels Kuwait Mobile Number List which can work together or individually. Agents or operation channels of a payment process In addition to card operators and banking institutions, which “take care” of the consumer's money and hold this money until it is used to pay for an acquisition, acquirers, sub-acquirers and/or payment gateways are also involved in the payment process. . Acquirers They are transaction mediators who have a direct connection with card operators and banking institutions, such as the “owners” of card machines, such as Cielo and Rede, responsible for connecting everyone involved in the process.
They execute the transaction and, therefore, receive the value that comes from the buyer and then pass it on to the establishment. Underachieving They are the bridge between acquirers and online stores and have a role similar to that of acquirers, in addition to offering other services and functionalities for establishments and helping, charging their price, of course, in managing payments. Payment gateways Payment gateway platforms that guarantee protection, security, speed and control of sales and, at the same time, help in the storage and management of customer and transaction information, which is maintained by financial operators who will be responsible for authorizing or not online transactions made through websites. So far so good? It is worth mentioning that, whether with the involvement of one or more agents, the online payment process will always happen in more or less the same way: through specific platforms or payment APIs.