Numbercruncher.com is proud to offer payment management through our partner,Authorize.Net®, a leading payment gateway provider since 1996 with over 440,000 customers. Authorize.Net manages the complex routing of transaction data from your business to the credit card and electronic check payment networks, ensuring secure and reliable depoirt of funds into your merchant account.
How does it work?
Authorize.Net uses a 7 step process for accepting payments online:
Step 1: The customer submits their credit card for payment.
Step 2: Authorize.Net manages the complex routing of the data on behalf of the merchant through the following steps/entities.
Step 3: Authorize.Net passes the secure transaction information via a secure connection to the processor. The Merchant Bank's Processor submits the transaction to the credit card network (like Visa or MasterCard). The credit card network routes the transaction to the bank that issued the credit card to the customer.
Step 4: The issuing bank approves or declines the transaction based on the customer's available funds and passes the transaction results back to the credit card network. The credit card network relays the transaction results to the merchant bank's processor. The processor relays the transaction results to Authorize.Net.
Step 5: Authorize.Net stores the transaction results and sends them to the website for the customer and merchant to see.
Step 6: The merchant delivers goods or services to the buyer.
Step 7: The issuing bank sends the appropriate funds for the transaction to the credit card network, which passes the funds to the merchant's bank. The bank then deposits the funds into the merchant's bank account. This is called "settlement", and typically the transaction funds are deposited into the merchant's primary bank account within two to four business days.
Authorize.Net Key Features
Omni Channel Payments
Websites, in-app, telephone orders, card swipe transactions with a phone or terminal, kiosks and more.
All major credit cards, including Visa®, MasterCard®, American Express® and Discover®
Signature Debit Cards
Authorize.Net eCheck.Net® (bank account)
Digital payment solutions: Visa Checkout, Apple Pay and PayPal
Customers pay on your website or on a custom Authorize.Net payment page, based on the integrationn method you choose.Dozens of shopping cart soutions offer Authorize.Net payments.
Receive Payments Quickly
Automated deposit into your merchant bank account in as little as two business days.
Online Account Management
Log into your secure account for real-time reports, transaction history and balances, to issue refunds and more.
Award-Winning 24x7 Customer Support
Online Knowledge Base as well as free support via telephone, chat and eTicket.
Payment Card Industry Data Security Standard (PCI DSS) compliant.
Authorize.Net safeguards your sensitive cardholder information in its secure data center, depending on your integration
Advanced Fraud Detection Suite™ (AFDS) helps you identify and manage suspicious transactions.
Recurring and tokenized payments available. Bill repeat customers without storing their payment information or asking for it again.
Copyright 2016 Authorize.Net and Numbercruncher.com