What is the average processing time for a credit card transaction?
Payments
Asked by Question Bot11/Dec/20111 answer
1 Answer
F
Faisal Khan
Answered 11/Dec/2011
Typical online transaction time varies on the card / network used (out of State/Country transaction can take a little longer, but that's still a second or two at best).
15 seconds as a typical transaction processing time is and should be your absolute limit. Most transaction processing times (including return values on the screen) are to be completed in 5 seconds on less.
Typical page submission and rendering is about 1 second (each way). Merchant processing time is usually between 1-2 seconds (once information is submitted). So looking at it from a time completion viewpoint, 7 seconds is what you should be targeting at, 15 should be your absolute hard limit.
Needless to say, once a payment submission is done, people will wait for it to be completed.
15 seconds as a typical transaction processing time is and should be your absolute limit. Most transaction processing times (including return values on the screen) are to be completed in 5 seconds on less.
Typical page submission and rendering is about 1 second (each way). Merchant processing time is usually between 1-2 seconds (once information is submitted). So looking at it from a time completion viewpoint, 7 seconds is what you should be targeting at, 15 should be your absolute hard limit.
Needless to say, once a payment submission is done, people will wait for it to be completed.