Payment confirmation

(Known in English as "Real-time Settlement").

Real-time settlement is a method of immediate processing of payments, in which transactions are processed immediately after they are executed. This speeds up the trading process and enables quick availability of funds.

Real time processing

Real-time settlement describes an efficient process for the immediate processing of payments in the area of online commerce. Unlike traditional settlement processes, which can have delays due to manual processing steps or bank procedures, real-time settlement allows funds to be transferred between buyer and seller almost immediately. Once a customer makes a payment for products or services, the transaction amount is immediately debited from their account and transferred directly to the seller's account.

This form of transaction processing offers numerous advantages. It significantly speeds up the trading process by eliminating long waiting times and manual processing steps. Traders can dispose of the funds immediately after the sale, which improves liquidity. Customers, in turn, benefit from a smooth and prompt conclusion of the purchase, as the transaction is processed in a matter of seconds.

Real-time settlement is increasingly used by e-commerce platforms, mobile apps, and digital service providers to streamline the transaction process. This process improves the efficiency of payment transactions and helps to increase customer satisfaction. The integration of real-time processing as a core function in payment provider services such as Payrexx reflects the desire to make online commerce more seamless, faster and user-friendly, benefiting both merchants and customers alike.

Real-time settlement examples

A customer buys a product from an online store and the payment is immediately debited from the buyer's account and credited to the seller.

An app offers services for a fee. As soon as a user makes the payment, the amount is debited from his account in real time.

A restaurant uses real-time processing for online orders. Customers' payments are processed directly when they place their order.

Real time processing FAQ

  • Real-time settlement offers traders a number of benefits. It provides immediate access to funds after the sale, which increases liquidity and improves financial planning. Fast transaction processing increases the efficiency of business operations and leads to more satisfied customers. The ability to receive instant confirmations of successful payments promotes trust and customer loyalty.

  • Real-time processing depends on various factors, including the technical infrastructure of the payment providers used, the payment methods supported, and the integration into the business system. Some financial institutions and payment service providers might set certain limits or fees for real-time transactions. It is important to consider these aspects to ensure the best possible use of real-time processing.

  • Unlike traditional payment processing methods, which often involve manual processing steps and waiting times, real-time processing takes place immediately after the transaction. This significantly speeds up the payment process and allows funds to be available almost immediately. Traditional processes, on the other hand, can have delays as transactions need to be reviewed and reconciled by different parties.

  • Yes, many payment providers allow the use of real-time settlement for international transactions. However, it is important to check the support of real-time settlements in the destination countries and the possible currency conversions. Some restrictions or fees might apply depending on the country and provider.

  • The security of real-time processing depends on the payment providers used and the security measures implemented. Reputable providers like Payrexx use advanced encryption and security protocols to ensure the integrity and confidentiality of payment data. Nevertheless, it is advisable to choose established and trusted payment providers and follow best security practices.