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HOW DOES AN ONLINE POKER PAYMENT SYSTEM WORK?

There are various companies that provide online payment gateways. These companies are also termed as Payment Service Providers (PSPs). Let us see the actual working of the online payment system in this article. Firstly, in any type of business, there should be a buyer at one end and a seller on the other end. On signing the mutual agreement, both the parties agree for a transaction or business. Today, the introduction of the internet banking systems as well as marketing system has created an impact to the overall business network and market solutions. In the recent time, more and more people are attracted towards the online marketing to make various purchases. A strong team of technical backup is maintained at the background at all times. These technical experts are available 24 hours a day x 7 days, to help the credit card user and also the internet banking users.

Since all the purchases are made online, the payments can also be easily made via online. There are various sites of the e-commerce business. These businesses offer a lot of options to the existing customers. They include the shopping cart facilities so as to promote sales. The online merchants only asks for the credit card number and other related information like the 4-digit security PIN code, type of card, etc. The customer has to give the correct details in order to proceed with the purchase which is done through online. Once the correct information is provided, the credit card is processed online through the online payment gateways instantly using a separate server. The modern technologies have introduced new electronic devices to control fraud and scam. If a merchant account holder is aware of faulty cases, then an intelligent merchant will prevent his business from being dissolved.

The customer has to select the products he/she wishes to purchase from the websites of the company. The PSPs have designed the system so well that the request is immediately processed. It is first requested to the PSP to process the approached transaction. The PSPs process the transaction request using a separate and safe server. This is a good process to protect the transaction being distorted and also the details are kept as secret. The transaction details contain the card number, expiry date, card type, amount and currency.

Certain parameters are used by the payment processing systems to process a transaction. Here, 128 bit encryption is used to read the basic parameter and also to check whether the information provided is correct or not. The customer is supposed to fill up all the necessary details that are available on the websites. This is done for the safety reason for both the customer and the merchant account holders. Once the server checks the given information, and if it is found correct, then a message is sent back to the website regarding the transaction processing. The system will provide the feed back upon the information that is provided. The feed back may include the customer’s name, address, contact details, and also other added information. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.