Although there are many ways to track a payment transaction online, it’s not always that easy nor convenient to do, because these personal identifiers are obscured by random generated string characters when stored on the block chain. With the ever-increasing number of high-speed payment instruments being offered and the ever-increasing number of large financial institutions issuing merchant accounts, it’s clear that this method of customer management is not only outdated but also becoming increasingly unreliable.
What’s a better way to deal with a payment transaction when the provider may be charging a fee for this service? The better option is to use an application like OpenTransactions to track and manage a transaction. This system lets you track and monitor your transactions directly from your account. Not only will this make it easier to keep track of your transactions, but it will also help you track the progress of the transaction through the blocks and check to ensure the transaction is approved or rejected.
In order to get the most out of Open Transactions, you need to create an account with the bank that issues your card. You will then need to sign up with the bank’s gateway service. This will give you access to the payment gateway, which you can use to send, receive, and manage your transactions. Once you have signed up for an account with OpenTransactions, you will need to login and set up your account.
In order to do this, go to your account and follow the instructions. At the account setup page, you will need to provide all of the necessary information including the name and address of the recipient of the payment to be sent. When the page appears, enter the amount of the payment that you want to send, and select send.
When you have completed this step, you should then select the transaction type (transfer/pay) you want to use for the payment to OpenTransactions. On the next page, select the transaction ID or address of the recipient and click the save button. This is important, because you will need to enter the transaction ID for the recipient later if you want to verify it from the payment gateway using OpenTransactions.
Now you need to track the progress of the transaction. This can be done by clicking on the tab called Transactions to see the progress. If the transaction has been sent successfully, you should see a green arrow on the page.
If the transaction was denied, you should see a red arrow on the page. Click on the reject tab, and you should see the transaction sent successfully, but has been declined. If you click on the resubmit button, then you should see that the transaction was rejected. If you click on the cancel button, then you will want to verify the transaction, again using the rejection indicator on the page.
The reason the transaction is being rejected is the reason why the transaction was rejected. By clicking on the reject button, you are letting OpenTransactions know that you want to verify this information so that you can get the transaction rerouted and approve the transaction.
OpenTransactions will then resubmit the transaction, making sure that the information it needs is verified. When the transaction has been resubmitted, you should see the transaction going through and you should see the green arrow moving. However, if this arrow does not move when you click the arrow, then the transaction did not complete successfully.
To check the status of the transaction, log into the OpenTransactions site and click on the tab called Transactions again. The tab will look like a ledger.
If you have multiple transactions to track, you can click on the tab labeled Transactions and look at the progress of each transaction. You can click on the open arrow to see the status of the transaction. It may be red, or green, but you should not be able to see it clearly unless you scroll through the ledger to see all of the transactions on the left side of the screen.