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What does "Successful transaction" mean?


Question

What does "Successful transaction" mean? Status of successful transaction.

Answer

Successful transaction is the status of operation whose result is the payment of the amount paid by the customer in favor of the merchant. The request for payment authorization involves the process of verifying credit card data, available funds and the authentication of the holder.

In order for the payment gateway to confirm the status of a successful transaction, the acquiring bank has to connect with the brand of the card with which the payment is made and in its turn it has to verify with the issuing bank if the transaction can be authorized, obtaining a status "successful".

Once the transaction has been authorized the money goes to the bank account of the POS and from there to the merchant.



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