How Do Credit Card Transactions Work?

Cardholder elects to pay for purchase by credit card.
Merchant swipes or key enters credit card and purchase information.
If approved by issuer, acquirer credits the merchant account and submits the transaction for settlement.
Back end processor pays the acquirer and debits the issuer account, forwarding the transaction to the issuer.
Acquirer funds merchant account.
Issuer posts the transaction to the cardholder account and sends monthly statement to cardholder.
Cardholder receives monthly statement and pays issuer.

Credit card transaction flow

To speak with a credit card processing specialist

call (800) 742-3975