Module 01 · Free
How Money Actually Moves
Separate the four different events that 'the payment went through' collapses into one, and learn who in the chain is entitled to say no.
5 lessons · 4 videos · 33 min
- 01.01
What Happens When Someone Pays
Name authorization, capture, settlement and payout as four separate events, and say how many days can pass between the first and the last.
- 01.02
Who Says No, and Why
Place the merchant, gateway, processor, acquirer, network and issuer in order, and say which one actually decides whether a payment is approved.
- 01.03
Cards, UPI, Wallets & Bank Transfers
Explain the difference between a payment you pull and a payment the customer pushes, and say why a UPI collect request is not a card authorization and never becomes one.
- 01.04
What a Payment Costs You
Break a headline rate into interchange, scheme fee and processor markup, and say why UPI merchant transactions in India carry no such rate at all.
- 01.05
Every State a Payment Can Be In
Draw the state machine a single payment moves through, and say why pending is not a failure and why failed is not always final.