Credit Card Processing

 

At KnotTheGroom.com we try and make your shopping experience safe, secure and easy. As of August 2010, we now accept all four major credit cards including American Express.

Several steps take place within seconds of submitting a credit card transaction


1.   Authorization:  Whether a credit card is swiped in a brick and mortar store, or numbers entered in an online order form, your information is sent immediately to the sponsoring bank to ensure that the credit card transaction may be authorized.  The sponsoring bank then forwards this information to the bank that issued your credit card for verification.

2.   Verification:  In order for this second step to be completed, it is of the utmost importance that the information you enter matches the information that your sponsoring bank has on file for your credit card account.  The issuing bank first verifies that the information provided (billing address, expiration date, CVV number, etc.) matches the information they have on file.  The issuing bank will also check to see if you have enough credit available to cover the amount of the charges.

3.   Approval or Denial:  The issuing bank responds to the sponsoring bank with either an approval or denial.  If your charge is denied, you will be asked to submit an alternate form of payment.  If the charge is approved, the issuing bank will transfer funds to the sponsoring bank in order to cover the amount of the charges.

4.   Final Payment:  Generally, at the end of the day, the merchant will send a request to the sponsoring bank for payment of all credit card transactions for the day.  This is why you may not immediately see a transaction post to your account.  
 
In order to properly authorize and verify your credit card information, KnotTheGroom.com requires that you supply the correct billing address information for the credit card provided.  Please ensure that the billing address and zip code used for this purchase matches exactly to the billing address where you receive your credit card statements.  Also, please enter the CVV number exactly as it is listed on the back of your credit card. 

Difficultly Processing or Declined Order

It is not uncommon for consumer credit cards to be declined by online merchants because of incorrect billing information.  One of the most common mistakes customers make on check out is entering an incorrect billing address.  It is important that the billing address entered upon checkout match the address where you receive the billing statements for your credit cards.  It is very important for credit card users to understand how merchant bank credit card purchases are processed in order to ensure that they will have the best customer experience possible.

There are entities involved in each credit card transaction:  The customer making the purchase, the bank that issues the customer’s credit card, the merchant or business accepting the credit payment, and the sponsoring bank that handles consumer credit card transactions on behalf of the business.


 
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