Every newcomer initially who starts with online credit card payments feels it a complicated task. They before doing online credit card processing, they ensure that they are doing right or not and have fear of their money. For all of them, you need to go through a number of steps, some of them are complicated and involves loaded paperwork. There are also a confusing series of terms and conditions, to which some refer to the same meaning. If you are starting new, then before you step up, you should know the systematic way of the online credit card processing in Lesotho. Merchant Account It all starts with as soon as the customer makes a purchase and they pay using a credit card online. The money is deposited in the merchant account and therefore it is connected to the credit card processing network. This account assures that credit cards are processed correctly and safely into your bank account. The Merchant Accounts accept or decline the credit cards and ultimately transfer the funds to your bank account. Payment Gateway The Payment Gateway sends the credit card to the concerned Internet Merchant Account over the secured online channels. Eventually, the acceptance or rejection of the transaction is performed by the Merchant Account. Validation, Refunds, and Settlement If the user's credit card is declined then he will see a general message such as “there was a problem processing your credit card.” For safety measures, the online user will not see any reasons for the failure, such as a decline.
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