Credit Cards

The Step-By-Step Process of Credit Card Processing Explained

The customer makes a purchase on a merchant website using their Credit Card. (Visa/MasterCard)

The merchant administers the Credit Card and transaction information and initiates an authorization request to TheECheck’s bank.

TheECheck’s bank sends the secure transaction information request to the Credit Card Company for authorization.

The Credit Card Company either approves or declines the request.

If approved the information is forwarded back to TheECheck’s Bank.

TheECheck’s Bank then informs the merchant of the approval so the transaction is completed accordingly.

TheECheck’s Bank sends the information to the Credit Card Company for settlement.

The Credit Card Company facilitates settlement and debits the customer’s account.

The Credit Card Company (Visa/MasterCard) posts the purchase to the customer’s account for their purchase.

After payment is received TheECheck begins an independent transaction to deposit the funds into the merchant’s bank account.