On This Page
The various services used to process payments are at the heart of payment processing. These
services enable customers to purchase goods and services, merchants receive payments from the
customer's accounts, merchants to provide refunds, and merchants to void transactions.
Credit Workflow
A credit does not happen in real time. All of the credit requests for a day are typically placed in a batch file and sent to the processor as a single
batch
transaction. In most cases, the batch transaction is settled overnight.
- The merchant requests a credit.
- The order information is validated.
- The credit request is sent to the acquirer.
- The acquirer transfers the requested funds to the issuer.