Hello, payment process is a term used in business to describe the process involved in exchanging goods or services for money. The payment process usually begins with the customer placing an order, after which the business issues an invoice to the customer. The customer then pays the bill with cash or a credit/debit card, and the company ships the goods or services to the customer. The payment process can be completed online, by phone or in person. When a customer makes a purchase with their debit or credit card, there are a number of sequential electronic steps to complete the transaction in the digital world. There are different
payment processing. This process involves the consumer, the payment system, the merchant and the bank merchant account.
