Master your business today by accepting Mastercard at your establishment, or find a card that best suits your business needs.
A payment facilitator maintains the direct relationship and holds your business’ account with the acquirer on your behalf. If you’re just getting started or keeping things small, this option may be suitable.
Step 1: The customer pays with Mastercard
The customer purchases goods/services from a merchant.
Step 2: The payment is authenticated
The merchant point-of-sale system captures the customer’s account information and securely sends it to the acquirer.
Step 3: The transaction is submitted
The merchant acquirer asks Mastercard to get an authorisation from the customer’s bank.
Step 4: Authorisation is requested
Mastercard submits the transaction to the bank for authorisation.
Step 5: Authorisation response
The bank authorises the transaction and routes the response back to the merchant.
Step 6: Merchant payment
The bank routes the payment to the merchant’s acquirer who deposits the payment into the merchant’s account.