The buyer selects the product he would like to buy then clicks the Pay button. The buyer fills in the credit card information. The buyers payment data is sent to the payment gateway. The payment gateway is a company specialized in payment services and it represents an intermediary for executing the payment process for the online store. The online store must be subscribed to one of these payment gateway services. The payment gateway collects the buyers credit card data and sends it to the card network in our case ,.
MasterCard. MasterCard checks with the customers bank to ensure that the card is valid and that there is sufficient balance for the transaction. If approved by the bank the bank will deduct the purchase price from the available balance on the buyers creBelgium WhatsApp Number Datadit card. the bank sends a confirmation of the payment process to the MasterCard network. The card network sends confirmation of the payment process to the beneficiary bank the bank of the online store owner through which he receives the price of the product and then the confirmation is sent to the payment gateway as well.
The payment gateway sends a confirmation of the payment process to the online store which in turn informs the buyer of confirmation of receipt of the price of the product. The buyer also receives a notification from his bank regarding the payment process that has been completed. The procedures for sending the product to the buyers address begin. Read also The best electronic payment gateways suitable for Arabs .
