In the traditional time, it was possible to make the payment with cash only. But with the advancement in technology now it is possible to make the payment with the help of cards. This has made the procedure of payment relatively easy for the people as now they don’t have to carry cash from one place to another; they can carry their cards and make the payment with them.
After the invention of cards as a mode of payment, the sales have comparatively increased as the customers can make the payment even if they are not having a sufficient amount of cash. There are varieties of card payment providers all over the world. The users have the option to select the provider as per choice and convenience. Main the payments of the purchased item with the help of card involve a simple procedure about which we will discuss now in detail:
Do the purchasing
This is the first and foremost step for making the payment with the help of a card. The customers have to select the product of their choice and then finalize it. There are different modes of payment for the purchased product out of the most convenient one is with the help of cards.
Now enter the transaction
The card payment providers have a machine that accepts the payment through the cards. You have to swipe the credit card through the machine, or the other option is the card details of the buyers are entered on the website, and then the payment is made. In both, the cases buyer will have to enter the pin, without which the payment is not possible.
Transmission of the data takes place
Once the credit card is swiped from the machine, then the data is encrypted and transmitted to the higher authority for approval. You don’t have to worry the complete procedure is secure enough; thus, the chances of errors are negligible.
Authorization of the transaction
It is not that once the data is transmitted to the card issuer, then he has to approve it only; it depends on him whether he approves the transaction or declines it. Approval of the transaction depends on the entered information is authentic or not and whether the requested funds are available in the account or not.
The response is given to the merchant
Once the card information has been checkup properly, then the approval message is sent both to the merchant and the person who is making the payment with the help of the card.
Completion of the transaction
Once the merchant receives the approval message, then he issues a receipt to the customer that will act as proof that the payment has been made.
Once the transaction as mentioned above is completed, then the goods are handed over to the customer. The above-mentioned procedure of making the payment with the card is so simple that these days’ people prefer to opt for this as a payment mode. Try to visit card payment providers as it will be most convenient mode of purchasing.
