Figuring out what it is and how payment acquiring works

Acquiring is a modern tool that allows any business to accept online payments from plastic cards of its customers on various platforms: websites, mobile applications, via Telegram bots, QR codes. Let's look at the basic steps and mechanisms of ATMOS.PAY acquiring to better understand how payment and debiting from your customers' cards takes place.

1. Request for Payment:

It all starts from the moment the customer decides to make a purchase. He chooses the goods or services he wants to purchase and hands over his payment details such as card number, expiration date and CVV code (for Mastercard/Visa cards).

2. Data transmission:

When a customer confirms a payment, the payment data is encrypted and transmitted to the ATMOS.PAY server. All card data passing through ATMOS.PAY is securely protected by the international PCI DSS standard. This is an important step to guarantee the security of the customer's card data.

3. Verification and authorization:

Upon receiving the data, the acquiring company verifies whether there are sufficient funds in the customer's account and whether the payment is acceptable. After that, the issuing bank (the bank that issued the client's card) decides whether to authorize the transaction.

4. transaction processing:

If the transaction is authorized, the acquirer redirects it to a payment gateway - a special system that provides a link between banks and the payment system. The gateway processes the payment and generates a request to debit the client's account.

5. Transfer of funds:

Upon receiving a request, the issuing bank debits funds from the customer's account and transfers them to the payment system. The payment system then transfers the funds to the acquiring bank (the bank that services your business).

6. Transaction Completion:
The acquiring bank confirms the completion of the transaction and sends a notification to your business that the payment was successful. You can now issue the goods or provide the service to the customer.
Payment acquiring is a complex and critical process that provides security and convenience to customers and businesses. Understanding the steps of acquiring will help you set up an efficient payment acceptance system and provide your customers with high-quality service. With our ATMOS.PAY service you can quickly and safely receive payments from individuals.

Activate the ATMOS.PAY service right now and accept payments without restrictions!