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1- Explain how an Online Credit Transaction Works.

1- Explain how an Online Credit Transaction Works.

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Answer #1

Any customer who has a credit card first must have merchant account . It is by this you connect to credit card network. Next payment gateway is responsible for connecting credit card to online merchant account over secure channels of communication. Next there are applications that connect to secure gateway and do not store any information. We enter information on application. It sends information to gateway over secure channels. Gateway routes credit card to the appropriate merchant account. The results is passed to gateway and then to application

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