The phrase “process a payment” is correct and usable in written English.
You can use it when you need to discuss a financial transaction or the way a payment is handled. For example, “The bank had difficulty processing the payment.”.
To process a payment, a customer's card is swiped through a slot in the reader and the data is sent to a mobile application on the merchant's phone.
While a shop's payment terminal might go online to process a payment and verify the card before allowing a sale, some transactions are made offline and only processed with the bank later.
I could either go to the branch cashier and ask them to process a payment, there were machines next to the ATMs that read them and I could send them the money using my pin number and now the internet banking service replicates the form.
Following a two-year process, a payment of around $20,000 for the licence, plus league fees, countless meetings with potential investors, sponsors, stadium owners and coaches, they are the proud and bold owners of the newest team in the fourth division of the US football pyramid.
Payment companies make money by charging fees to "process" a payment from buyer to seller.
They offer an umbrella to manage services but those still go through the banking system, meaning that they are not in real time (typically taking one to five days to process a payment), Bruggeman points out.
Recently, Amazon published a patent that described a process where a payment could be authenticated with a selfie.
We ought to be able to process a music payment in less than two years," said Vinay Gupta, release coordinator and general strategist for blockchain firm Ethereum.
The iZettle service works similar to PayPal's Here and Square, in that a merchant plugs a card-reading dongle into an iOS device to process a card payment using an app downloaded to the device.
In a competitive retail market, small businesses cannot afford to miss sales opportunities because they are not able to process a mobile payment or only accept cash.
An iOS device with Passbook can be scanned under a reader to process a mobile payment at locations that have compatible hardware.
