If you want to apply a minor tweak to the document, it should not take long to Diagram payment settlement. Such a simple activity does not have to demand additional training or running through handbooks to understand it. With the appropriate document editing tool, you will not spend more time than is needed for such a quick edit. Use DocHub to simplify your editing process whether you are an experienced user or if it is the first time making use of an online editor service. This instrument will require minutes or so to learn how to Diagram payment settlement. The sole thing required to get more effective with editing is a DocHub profile.
A simple document editor like DocHub will help you optimize the amount of time you need to devote to document editing irrespective of your previous knowledge about such tools. Make an account now and enhance your efficiency instantly with DocHub!
hello everyone welcome to this session in this session we are going to discuss about payment settlement process so lets begin our session before we jump to the payment settlement process lets see Payment Processing steps quickly Payment Processing from credit card or debit card happen in Two Step first is the authorization second is the settlement authorization we already discussed in our previous video so you can go and check the playlist to understand how authorization works so in authorization verification of various things like card holder details available amount in the credit card for the payment is done and card is your bank puts the hold on the amount so this is what happens in the authorization in settlement the amount is directed from cardholder account on which hold was put during authorization and Merchant receives the amount in the merchant account so in settlement only Merchant get the amount in the account in authorization merchant do not get any amount in the account