Net account using a unique user ID and a password, merchants can access the complete range of Authorize. To authorize credit card transactions, the merchant completes an electronic form that provides the Authorize. Net system with the information it needs to complete the transaction. Net host server. The server then sends the data through the authorization network to the appropriate card issuer's bank using a secure, proprietary connection.
Net server stores the transaction.
Transactions are automatically settled each day and are funded within two to three business days. Merchants can also check the status of transactions, automatically bill customers for recurring charges or run a variety of reports right from the Authorize. Net Virtual Terminal.