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Online Payments Explained: From Checkout to Confirmation
Online payments have become a convenient way to purchase products and services without using cash. Although the process looks simple to customers, several steps take place behind the scenes.
The process usually begins when a customer selects a product and enters payment details at checkout. The payment information is securely sent to a payment gateway, which transfers the request to the relevant payment processor. The processor communicates with the customer’s bank or card issuer to verify the transaction and confirm that sufficient funds are available.
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