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mastercard-transaction

Step 1: The customer pays with Mastercard

The customer purchases goods/services from a merchant.

Step 2: The payment is authenticated

The merchant point-of-sale system captures the customer’s account information and securely sends it to the acquirer.

Step 3: The transaction is submitted

The merchant acquirer asks Mastercard to get an authorization from the customer’s issuing bank.

Step 4: Authorization is requested

Mastercard submits the transaction to the issuer for authorization.

Step 5: Authorization response

The issuing bank authorizes the transaction and routes the response back to the merchant.

Step 6: Merchant payment

The issuing bank routes the payment to the merchant’s acquirer, who deposits the payment into the merchant’s account.

visa

With Visa, you can scale your business to conduct speedy transactions in person or online, knowing the world’s largest retail electronic payments processing network is behind you. VisaNet handles an average of 150 million transactions every day and is capable of handling more than 24,000 transactions per second.