This includes authorizations for purchases, credits and returns, status and activity reports, and much more. To authorize credit card transactions, the merchant simply 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 over a secure, proprietary connection.
Net server stores the transaction.
Transactions are automatically settled each day and funded within 2-3 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. Weblink Interface Authorize. Net WebLink allows Internet-based businesses to authorize, process, and manage credit card transactions without worrying about all the complicated software, hardware, and expertise normally associated with processing payments over the Web.