Merchant Account Forum - Helpdesk - Quadra Services
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How do merchant accounts work?
Merchant accounts work in a very simple way by providing a unique response to all parties involved. The
co-ordinates with multiple parties including
Customer or the Card Holder
Merchant Account Aquireer
These parties get relevant information in less than few seconds. This kind of transaction is highly secure as it uses
Customer gets the information about the approval or Decline of the Transaction
Merchant gets Paid to the settlement account
Merchant account acquirer gets the request from the merchant for the debit of value on the customer's card
Card Brand gets the information regarding the transaction request
After successful payment, the merchant's settlement account is credited
Updated: 07 Feb 2018 08:23 PM
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