Credit Card Processing | Step-by-Step Guide

Описание: This video explains credit card processing in a simple, easy-to-follow way. Whether you’re a business owner or just curious, learn how payments are securely processed every time you swipe, tap, or pay online.

In this video, you will learn:

How credit card transactions are processed step-by-step
The main players involved in payment processing
Common fees, security measures, and tips for smooth transactions

Follow along to understand the payment process and what happens behind the scenes.

Chapters:
0:00 Introduction & How Credit Card Processing Works
0:10 Key Players in Payment Processing
0:20 Fees, Security & Tips for Smooth Processing

Step-by-Step Instructions:
Step 1: Customer presents card (in-person or online).
Step 2: Merchant sends transaction info to payment processor.
Step 3: Processor routes transaction to card network (Visa, Mastercard, etc.).
Step 4: Card network sends request to issuing bank for approval.
Step 5: Issuing bank approves or declines based on funds and fraud checks.
Step 6: Response sent back to merchant via processor and network.
Step 7: If approved, funds are settled to merchant account minus fees.