Payment flow

Payment flow

The interaction between the parties involved in performing a payment action can best be explained with the drawing below. The parties involved are:

Consumer : The person who wants to make the funds available to obtain a product or service

Merchant : The company that provides the products or services and recipient of the funds

Buckaroo : The PSP that has an interface available for each payment method and makes the request to the processor's platform

Acquirer : The processor of the payments and the recipient of the funds after an agreement of the issuer

Issuer : The financial institution that, with the consent of the payer, releases the funds to the acquirer


Was this article helpful?