How Your Money Gets Processed to Your Bank Account

As a Paytia secured merchant, the payment process ensures secure and seamless transactions, transferring funds directly to your business bank account. Below is an overview of how this process works:

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1. Merchant Account Setup

• When you register with Paytia, you are provided with a direct merchant account through one of our trusted payment or acquiring partners.
• This merchant account includes a unique set of credentials (e.g., Merchant ID, API keys) that securely connect your business with the payment processor.

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2. Customer Payment Initiation

• A customer makes a payment using their debit or credit card, either via:
  • Phone Payments: Securely processed through Paytia’s platform.
  • Payment Links: Customers receive a link to complete payment online.
• The payment details are encrypted and sent securely to the acquiring bank.

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3. Payment Authorization

• Paytia submits the payment request to the acquiring partner using your merchant account credentials.
• The acquirer verifies the payment details and communicates with the customer’s card-issuing bank.
• The issuing bank confirms the payment’s validity and availability of funds, authorizing the transaction.

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4. Transfer of Funds

• Upon authorization, the acquirer transfers the payment amount from the customer’s card to your merchant account.
• Payment processing fees, as agreed with your acquirer, are deducted from the transaction amount.

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5. Funds Settlement to Your Business Bank Account

• The acquirer deposits the net transaction amount (after fees) into your linked business bank account.
• Settlement times may vary depending on the agreement with your payment provider. Most transactions are settled within 1–3 business days.

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Key Notes:

• Payment Processing Fees: These include acquirer fees and any other applicable charges, deducted before settlement.
• Secure Transactions: All payments processed through Paytia adhere to PCI DSS compliance standards, ensuring data security.
• Real-Time Reporting: You can monitor the status of payments and settlements via your Paytia admin portal.

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By working with trusted acquiring partners and leveraging Paytia’s secure platform, your payments are processed efficiently, providing peace of mind and secure access to your funds.