VerePay Sales Department | 866-901-1133
   
 
VerePay Home
VerePay Overview
Technical Support
Contact Information
Visa® Transaction Life Cycle Image  
   
         

Reseller Programs

>> Become a Reseller

API Guides

>> VerePay Developers API Guide - Full

Industry Links

>> Fraud & Chargeback Tips
>> Card Not Present Requirements & Tips
>> Online Credit Card Payment Processing
>> Prepare for the Online Shopping Rush
Internet Merchant Accounts
Shopping Cart Solutions
>> Small Business FAQs


Visa® Transaction Life Cycle

The following illustrations show the life cycle for Visa® card transactions, for both card-present and card-not-present purchases, Processing events and activities may vary slightly for any one merchant, merchant bank, or Issuer, depending on card and transaction types, and the card processing system used.

Visa® Transaction Life Cycle Diagram

Visa® Authorization Process:

  1. Cardholder presents a Visa® card to pay for purchases. For card-not-present transactions, the cardholder provides the merchant with the account number, expiration date, billing address and CVV2.

  2. Merchant swipes the card, enters the dollar amount, and transmits an authorization request to the merchant bank. For card-not-present transaction, the account number and other information may be digitally or key-entered.

  3. Merchant Bank electronically send the authorization request to Visa®Net.

  4. Visa®Net passes on the request to the issuer.

  5. Issuer approves or declines the transaction.

  6. Visa®Net forwards the issuer's authorization response to the merchant bank

  7. Merchant Bank forwards the response to the merchant.

  8. Merchant receives the authorization response and completes the transaction accordingly.

 
Powered by BankCard Central Logo

Home | Merchant Login | Technical Support | Contact Us | VerePay Overview
Virtual Terminal | VISA® Transaction Life Cycle | Recurring Billing | Shopping Cart Solutions
 
 
Copyright © 2005-2008. BankCard Central All Rights Reserved - Sitemap