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. It's no surprise that Authorize. Net is the world's leading Internet-based payment authorization and transaction processing solution.