Payment Diagram
1. Consumer places an order with the merchant (YOU) through the integrated ModernBill Order Form.
2. PsiGate detects an order has been placed, securely encrypts and forwards the Authorization Request to the Consumer's Credit Card Issuer to verify the consumer's credit card account and funds availability.
3. The Authorization (or Decline) Response is returned via PsiGate to ModernBill. Round trip this process averages less than 3 seconds.
4. Upon approval, ModernBill inserts the new client into the billing database.
5. PsiGate sends the settlement request to the Merchant Account Provider (PsiGate).
6. The Merchant Account Provider (PsiGate) deposits transaction funds into the Merchant's (YOUR) Checking Account.
|
