Credit Card Transaction

Faspay provides convenience in various payment types, including a credit card transaction with Credit Faspay. Credit Faspay is one product that facilitates credit card transactions at merchants.

Types of credit cards that have integration with credit Faspay:

1. Visa

2. MasterCard

3. JCB

4. Amex (American Express)

Credit card payment is the most widely used online payment facility worldwide. However, for online e-commerce payment using a credit card, you need to know which credit card payment model you will be using:

• Sales/Purchase – requires one single transaction to transfer funds from the cardholder’s account to your acquiring bank merchant account.

• Authorization/Capture – requires two transactions, the Authorization request, followed separately by a Capture request.

For the first model, i.e. Sales/Purchase model, the transaction is sent to the bank as a ‘Sales’ request, and the customer will be automatically charged by the bank upon approval of the transaction.

For the second model, i.e. Authorization/Capture model, during online payment, the transaction is sent to the bank as an ‘Authorization’ request only, i.e. bank will check whether the card information is correct and has sufficient funds, if yes, the bank will mark and reserve the transaction amount from cardholder’s credit limit. At this point, the cardholder is not charged yet.

To complete the transaction cycle for the second model after an authorization approval is received, a separate ‘Capture’ request is required to be sent to the bank so that the cardholder is billed. This can be done by manually login into administration module FPG to capture the transaction or it can be done through the ‘Advance Functionality – Credit Card Capture API’. If an authorized transaction is not captured after certain days, the card-issuing bank will automatically release the reserved amount.

For online E-Commerce credit card transactions, we always recommend using the second model, i.e. Authorization/Capture model. Using this model, you have allowance time to check and verify the transaction and the genuineness of the cardholder to prevent fraudulent transactions. If you are suspicious of the cardholder, you may choose not to capture the transaction.

Credit Card Flow Transaction