How Payment Processing Works: Step-by-Step Explained

Dive into how payment processing works with this detailed step-by-step guide, perfect for businesses and beginners in 2025. Explore the complete transaction journey, from customer payment initiation through secure payment gateways to final merchant account settlement. Understand the critical roles of payment processors, acquiring banks, and issuing banks, while learning about essential security measures like PCI compliance and encryption. Discover tips to optimize your payment system for faster, safer, and more efficient transactions, boosting customer trust and business success.