Introduction To Card Payment Processing
Payter recognize that many terminal users are new to the world of payment processing. This section of the Documentation Portal is dedicated to explaining this industry in a little more detail, as well as explaining the main methods Payter use to process payments as these can differ to cater for different customer requirements.
Standardized Card Payment Processing
The relationship between the merchant, cardholder and card issuer is explained. This is a great place to start for those new to payments.
Payter Fundamental Payment Models
Payter use three main payment models, and on this page we detail each one, and why and where it is used.
Model | Summary |
|---|---|
A straightforward transaction for a known value | |
As above, but with a built-in checkpoint to commit or reverse based upon the success of delivering goods or services where delivery cannot always be guaranteed | |
For any scenario where the final transaction value may not be known at the beginning of the process flow |
Payment Industry Glossary
The payment industry uses acronyms, terminology and phrases in specific ways. This page detailes the most common terms and explains them.