Online Payment Processing

Online payment processing is the system that allows information from a buyer's credit card or bank account to be securely transmitted to the seller and the financial institutions involved. When you make an online purchase, your payment details are encrypted and sent through a payment gateway, which communicates with your bank and the merchant's bank to verify funds and authorize the transaction. Once approved, the money moves from your account to the seller's, completing the purchase. This process ensures safe, fast, and seamless transactions, enabling e-commerce and digital services to function efficiently.