Tips for an Easy Card Processing
by David Riewe
Published on this site: December 3rd, 2005 - See
more articles from this month
Most businesses conduct their transactions with the help of
credit cards. Moreover, personal transactions could also be
carried out through the use of credit cards. Credit card has
become very essential for shoppers since it eliminates the
need to carry a large amount of cash. It gives convenience
both to the customer and the seller because transactions can be done
any time you want it. It helps in managing your money easier
and can be especially used during emergencies.
Using credit cards on online transactions boost your business
profit against your competitor.
Here are the three key elements needed for credit card
processing:
- Payment gateway - combination of secure software
and hardware that transmits payment information from customer
to merchant, provides interface, credit card processing,
billing, reporting and operational services.
- Internet merchant account-relationship between a retailing
company and a merchant bank which gives authorization to
collect funds from customers credit card account.
- Bank account-an account or account number that holds
funds from which they can make withdrawals.
The key to online sales is accepting credit cards but unfortunately,
most internet merchant accounts can be harder to achieved
because of increased security risks as to no signatures attached,
and nor the card is physically presented on the point of sale.
In some ways it could also be crucial for businesses because
of the occurrence of credit card fraud and attack of credit card thieves.
So you must have a secure, confidential and protected way
of dealing credit card information.
The easiest and safest way to implement an online credit card
processing is using a third-party service which is a payment
gateway at the same time a merchant account. Lots of third-party
service or software is offered in the market today and appropriate
for all types of businesses. It also incorporates a payment
gateway and a merchant account. And many of these services
also incorporate a shopping cart application as part of the
deal. It may appear to cost more but it saves you from an
initial outlay on shopping cart applications and expensive
long time contracts.
When choosing a third-party service for credit card payments,
consider the volume and frequency of your sales. There are
also other third-party credit card processing services available,
all of which have slightly different pricing schemes. The
right one for you will depend on your sales volume and cash
flow.
David Riewe is a Publisher and Online Marketer. Visit
his Credit Resources Blog Below: http://www.push-button-online-income.com/creditcards/
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