Payment flow
Understanding the Payment Flow
The interaction between parties involved in a payment action is illustrated in the image below. The key parties are:
- Consumer: The person making the payment.
- Merchant: The company providing the product or service.
- Buckaroo: The Payment Service Provider (PSP).
- Acquirer: The processor handling the payments.
- Issuer: The financial institution releasing funds with the payer's consent.
Updated 22 days ago