Pay with the card
Customers pay for products /service with credit card / debit card
Insert or swipe card
Merchant inserts in or swipes card through Krungsri EDC machine to submit request for transaction approval from issuing banks.
Online real-time authorization
Issuing banks proceeds with the online real-time authorization
Merchant submits daily settlement summary to Krungsri before 23.00 hr.
Krungsri credits collected payments to account
Krungsri credits collected payments netted of fees and VAT to merchant’s account on next working day