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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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We have broken down the process into three key steps below: Payment initiation This first step is triggered when your customer pays for your goods or services using a credit card. The payment could also be made via digital means.
Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the cardissuer. Authorization The process of verifying that a transaction can be approved and funds are available for the transaction.
Payment processors verify the payment details, ensure there are enough funds (if the purchase is made with a debit card), make sure there’s no fraud being committed, and essentially give the green light for the transaction to go through. The payment processor interfaces with the customer’s card network (e.g,
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