Payment process flow & pricing need to update

Payment process flow

Payment process flow 

Step 1

Purchaser places order.

Step 2

Merchant securely transfers order information to Equiretech over the Internet. Equiretech receives order information and performs requested services.

Step 3

Equiretech formats the transaction detail appropriately and securely routes the transaction authorization request through its payment gateway to the processor.

Step 4

The transaction is then routed to the issuing bank (purchaser's bank) to request transaction authorization.

Step 5

The transaction is authorized or declined by the issuing bank or card (Discover, American Express).

Step 6

Equiretech returns the message to the merchant.

Step 7

Issuing bank approves transfer of money to acquiring bank.

Step 8

The acquiring bank credits the merchant's account.