1. Transferrin bound with iron encounters transferrin receptor on a cell surface
2. Binds to it and is transported into the cell in a vesicle
3. pH of the vesicle is reduced by hydrogen ion pumps (H+ ATPases), causing transferrin to release its iron ions
4. Receptor (with transferrin still bound) is then transported through endocytic cycle back to cell surface, ready for another round of iron uptake