![]() ![]() ![]() It has a 16 digit card number, an expiration date, hologram, magnetic strip, signature panel and a Card verification value (CVV) number.ģ) Acquiring bank – Acquiring Bank is a financial institution that maintains the merchant’s bank account and enables a merchant to accept and process debit and/or credit card transactions on their store.Ĥ) Issuing Bank – Issuing Bank is the financial institution that issues the customer’s debit or credit card. Flipkart, Amazon, eBay are some examples of Merchants.Ģ) Credit Card – A plastic card that can be used to buy products or services through a credit account. Let us discuss some terms that we will be using in this article:ġ) Merchant – A merchant is a person or company that sells products or services. Setting up Sandbox: Braintree Payments Example.Payment Gateway Testing Checklist and Test Cases.Why do we need to test Payment Gateways?.Difference between payment gateway and payment processors.
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