During almost every sales consultation, business owners pose the exact same question regarding the journey of their funds from the moment a customer clicks to pay until the money actually reaches their bank account.
To demystify this process, here is the complete timeline of a transaction.
The first step is Authorisation. This happens when the bank of the buyer approves the purchase and places a hold on the required card balance. Next is the Capture stage, which involves submitting that newly approved payment into the system to be processed.
Following that is Clearing. At this point, the payment network facilitates the exchange and reconciliation of all card transactions made throughout the day. From there, the procedure moves into Settlement, where the actual capital is routed through the acquiring flow and the designated card scheme.
Upon receipt of the capital, Safeguarding measures are immediately applied. To ensure complete compliance, your funds are placed in dedicated safeguarded accounts that remain entirely isolated from our own corporate finances. The final step is Payout. This is the moment your money is successfully deposited into your account, and you can choose to receive it in USD, EUR, or RON.
Now that we have explained the payment timeline, we invite you to schedule a meeting with our team and bring along a few new questions. You can find us at http://xmoney.com
To demystify this process, here is the complete timeline of a transaction.
The first step is Authorisation. This happens when the bank of the buyer approves the purchase and places a hold on the required card balance. Next is the Capture stage, which involves submitting that newly approved payment into the system to be processed.
Following that is Clearing. At this point, the payment network facilitates the exchange and reconciliation of all card transactions made throughout the day. From there, the procedure moves into Settlement, where the actual capital is routed through the acquiring flow and the designated card scheme.
Upon receipt of the capital, Safeguarding measures are immediately applied. To ensure complete compliance, your funds are placed in dedicated safeguarded accounts that remain entirely isolated from our own corporate finances. The final step is Payout. This is the moment your money is successfully deposited into your account, and you can choose to receive it in USD, EUR, or RON.
Now that we have explained the payment timeline, we invite you to schedule a meeting with our team and bring along a few new questions. You can find us at http://xmoney.com
