Step 1 - RainMaker Software
Rainmaker stores your members encrypted financial data, number of payments due, due date and when next payment is to be automatically processed and processes payments on due date as well as any single transactions through POS.
Step 2 - USA EPay payment gateway will either accept or reject the credit card transaction in real time and send to your credit card/merchant processor for processing.
Step 3 - Your Merchant account provider processes the payment and deposits according to their deposit time frames. Bank draft processing depends on whether or not you are set up to accept EFT/ACH (bank draft) transactions through merchants we integrate with, including: Payliance and Vericheck.