PaymentCaptured

PaymentCaptured is a term commonly used in e-commerce and payment processing to signify the successful completion of a financial transaction. When a customer initiates a purchase, their payment information is sent to a payment gateway for authorization. If the transaction is authorized and the funds are verified, the payment is then considered "captured." This means the merchant has obtained the funds from the customer's account.

The process typically involves several steps. First, a customer provides their payment details, such as credit card number, expiry date, and CVV. This information is then encrypted and sent to the payment gateway. The gateway communicates with the issuing bank to verify funds and authorize the transaction. Once authorization is granted, the payment gateway marks the transaction as captured, and the merchant can proceed with fulfilling the order.

In some systems, there might be a distinction between authorization and capture. Authorization confirms that sufficient funds are available, while capture is the actual movement of those funds from the customer's account to the merchant's account. For many online transactions, authorization and capture happen almost simultaneously. However, in certain scenarios, like pre-orders or services delivered later, a merchant might authorize a payment and capture it at a later date when the goods are shipped or services are rendered. Understanding PaymentCaptured is crucial for merchants to manage their finances and ensure a smooth customer experience.