What is Authorize.net and how does it work?

Authorize.net is a payment gateway service that enables businesses to securely accept credit card and electronic check payments through their websites or applications. It acts as a bridge between a merchant's bank account and the customer’s payment method, ensuring that the transaction process is smooth and secure. When a customer makes a purchase at a merchant's online store, Authorize.net captures the payment details securely, typically through a payment form that is integrated into the merchant's website. This information is then encrypted and transmitted to Authorize.net for processing. The gateway verifies the transaction by communicating with the issuing bank to confirm the availability of funds and the validity of the payment method. Once the transaction is approved, Authorize.net sends a confirmation back to the merchant and the customer, and the funds are transferred to the merchant's bank account. The service offers additional features such as recurring billing, fraud detection, and reporting tools, helping merchants manage transactions more effectively. For more specific details regarding its services and functionalities, it may be helpful to visit the current web page for more information.