Credit Card Processing Methods Credit Card Imprinting Machines. The simplest way to accept credit card information is also the one that's been around the longest. ... Bank Processing. ... Credit Card Terminals. ... Mobile Devices. ... Swipe Hardware. ... Virtual Terminals. ... Online Payment Processors. ... Payment-Enabled Software. ... Point of Sale Solutions. ...How are credit card transactions processed?
Credit card transactions are processed through a variety of platforms, including brick-and-mortar stores, e-commerce stores, wireless terminals, and phone or mobile devices. The entire cycle — from the time you slide your card through the card reader until a receipt is produced — takes place within two to three seconds.How does the credit card transaction process work?
In the transaction process, an credit card network receives the credit card payment details from the acquiring processor. It forwards the payment authorization request to the issuing bank and sends the issuing bank’s response to the acquiring processor.