Ever wondered what ecommerce is? well I have found a perfect diagram to explain.
1.A consumer visits your website and uses your online store to make a purchase. The transaction is conducted over a secure connection (SSL) to your web hosting server.
2.Payment Processing Gateway handles the secure, real time encrypted credit card information and co-ordinates the transaction
3.Merchant account processes the movement of funds
4.Funds are debited from the consumers credit card account
5.Funds are deposited into your designated bank account
2.Payment Processing Gateway handles the secure, real time encrypted credit card information and co-ordinates the transaction
3.Merchant account processes the movement of funds
4.Funds are debited from the consumers credit card account
5.Funds are deposited into your designated bank account
Author: Paul Ciszewski (2013-06-04). How eCommerce Works. http://www.findmyhosting.com/how-ecommerce-works/
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