Online Payments — the basics

Who is who?

The shopper

The merchant

The acquirer bank

The Issuer

The shopper’s journey

Payment methods

Storing information

Currency information

A Payment confirmation page

Keep a record on the processed payments

Payments behind the scenes

Authorization

Capture

Settlement

Chargebacks

Refunds

Fraud Rates

Keep the shoppers happy!

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store