How does e-Commerce payment work? Payments eCommerce work in 11 steps, follow the step-by-step instructions below to learn how payment works on e-commerce:

Step 1: The customers pick up an item, and add it to their online shopping cart.

Step 2: The customers place an order on your website by pressing the ’Submit Order’ or equivalent button.

Step 3: The merchant submits the order.

Step 4: The PayCEC payment platform securely sends the transaction to the processor.

Step 5: The processor verifies and approves the transaction, and routes the transaction to the card association (Visa / Mastercard / American Express).

Step 6: The customers have a Visa card. Visa forwards the transaction details to the customer’s bank, which is known as the issuing bank for approval.

Step 7: The issuer checks if the customers have enough money in their account to pay for the item.

Step 8: The issuer sends a response to the acquirer (merchant’s bank), via the processor.

Step 9: The processor sends the status (approval or denial) of the transaction to the PayCEC payment platform.

Step 10: The merchant receives the message “Transaction Approved”, and the fund is deducted from the customer’s bank and settled into the merchant’s bank account.

Step 11: The merchant gets paid for the sold dress, and the customers have got their new item.