Transactions involve your customer, your customer's bank, your customer's credit card issuer and your bank. The button is linked to the LinkPoint Secure Payment Gateway which routes and obtains the credit card authorization or declination code. An authorization reduces the available credit limit, but does not actually place a charge on the statement of the cardholder or move money to the merchant. In line with bankcard association rules, the merchant is not allowed to settle transactions until the ordered goods can be shipped, therefore a time lag may exist between the authorization and the settlement process. The final step to complete the credit card transaction between the consumer and the merchant.
Settlement means that the credit card is charged and the money is moved to the merchant account.
Cardservice International electronically deposits the money into the checking account of the merchant within 48 hours of settlement. Once the information is passed to your web site, it must now be verified by your Merchant Processor. Since most Merchant Processesors don't provide connections to the Internet, you must pass the information through a gateway such as Cardservice International . The gateway services have a dedicated connection to your Merchant Processor. Once the gateway receives a response from the Merchant Processor they forward that information back to your web site where you can act on it accordingly.