⁉️ What happens behind the scenes when you pay with a card?
Let’s uncover how major payment systems like Visa and MasterCard operate.

🌐 Key Participants

Customer: Makes the purchase.
Merchant: Accepts the payment.
Issuer: The customer’s bank that issued the card.
Acquirer: The merchant’s bank processing the payment.

♻️ Payment Process

1️⃣ Payment Initiation:
The customer uses their card, and the merchant sends a payment request to the acquirer.

2️⃣ Authorization:
The acquirer forwards the request to the issuer via the payment network. The issuer verifies funds and approves or declines the transaction, sending the result back.

3️⃣ Clearing and Settlement:
Banks reconcile transactions to calculate net sums, followed by the actual fund transfer, which may take several days.

⁉️ What happens behind the scenes when you pay with a card?
Let’s uncover how major payment systems like Visa and MasterCard operate.

🌐 Key Participants

Customer: Makes the purchase.
Merchant: Accepts the payment.
Issuer: The customer’s bank that issued the card.
Acquirer: The merchant’s bank processing the payment.

♻️ Payment Process

1️⃣ Payment Initiation:
The customer uses their card, and the merchant sends a payment request to the acquirer.

2️⃣ Authorization:
The acquirer forwards the request to the issuer via the payment network. The issuer verifies funds and approves or declines the transaction, sending the result back.

3️⃣ Clearing and Settlement:
Banks reconcile transactions to calculate net sums, followed by the actual fund transfer, which may take several days.
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