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What is capture (or settlement)?

cap - ture
noun

Capture (or settlement) is the process that takes place when a customer makes a payment using a credit or debit card. It involves two key steps:

Capture occurs when the transaction details are gathered and forwarded to the customer's issuing bank. It essentially marks the moment when the payment is recorded.

Settlement is the subsequent step where the merchant receives the corresponding payment amount after a customer has purchased a product or service. During this phase, the transaction information is transmitted from the customer's bank to the merchant's payment processor.

In essence, Capture and Settlement are integral parts of the payment process, ensuring that funds are transferred securely from the customer to the merchant, enabling smooth and reliable transactions.