PayXYZ generally works with six steps from initiation to
settlement.
Here is the process you will go through
Initiation
The transaction is initiated when a customer decides to
make a purchase and enters their payment information on a
business website or app.
Encryption
The web browser or app encrypts this data using the
AES-256 algorithm. This encrypted data is then sent
to the business's servers and, in the case of online
transactions, is forwarded to the payment gateway.
Routing
The payment gateway sends the transaction information to
the relevant payment processor, which then forwards it to
the correct card issuer or a card network.
Authorization
The customer's bank receives the authorization request,
verifies the availability of funds in the customer's
account, checks for potential fraudulent activity, and
then sends a response back to the payment processor.
Order fulfillment
The payment gateway forwards the authorization to the
business, which then fulfills the customer's order. If the
authorization is declined, the customer will be notified
of the failed transaction.
Settlement
The issuer of the card transfers the funds to the business
account during a process known as "settlement", and the
transaction is completed.
What We Provide
Clear error message and assistance
Visually appealing and easy to understand
Optimized for various devices
Well documented and easy to integrate
Ready-made test scenarios for Sandbox testing
Embedded payment page.
Allow users to credit card, debit card, & bank account
details, improving the overall payment experience for both
customers & merchants.
Expedite the checkout process
Users avoid entering sensitive data on multiple
websites
Allowing users to track their transactions history
Unlock Your Payments Business Potential
Join our white label platform and start winning in the payments
business today.
