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 Allied Wallet, an online payment-processing company, provides
secure payment services to merchants around the globe.
Payment Card Industry (PCI) Data Security Standard (DSS)
compliant at level 1, Allied Wallet processes funds for more than
100 million users.
For an online payment to transfer from the buyer to the
merchant, it must go through a process known as the payment
gateway. The process begins when the customer clicks a link to
confirm purchase, at which point the payment gateway confirms
the validity of the submitted payment information. Assuming the
card information is valid, the payment gateway then sends the
buyer's payment information to a merchant account.
 The merchant account, required for all
companies that take online payments, exists for
the sole purpose of receiving credit card funds.
The merchant account performs the actual
approval of the transaction and charges the
card. If the merchant account is in the seller's
name, funds typically transfer within a few days.
If, however, the merchant account is held by a
third party, the account holder must manually
initiate a transfer so that the online seller can
receive payment.

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How Online Payment Processing Works

  • 1.
  • 2.  Allied Wallet, an online payment-processing company, provides secure payment services to merchants around the globe. Payment Card Industry (PCI) Data Security Standard (DSS) compliant at level 1, Allied Wallet processes funds for more than 100 million users. For an online payment to transfer from the buyer to the merchant, it must go through a process known as the payment gateway. The process begins when the customer clicks a link to confirm purchase, at which point the payment gateway confirms the validity of the submitted payment information. Assuming the card information is valid, the payment gateway then sends the buyer's payment information to a merchant account.
  • 3.  The merchant account, required for all companies that take online payments, exists for the sole purpose of receiving credit card funds. The merchant account performs the actual approval of the transaction and charges the card. If the merchant account is in the seller's name, funds typically transfer within a few days. If, however, the merchant account is held by a third party, the account holder must manually initiate a transfer so that the online seller can receive payment.