How to Accept Credit Cards Online and Enhance Your Business
Jan 08, 2017
If you’re looking for a failsafe way to enhance your business, the ability to accept credit cards online may be the solution to your business troubles. E-commerce is an easy way to sell goods to peo
credit card processing services will be a good fit for you and your business.Online Payment Terms You Should Know If you want to accept credit cards online, you will need to set up an Internet merchant account. This account is established through a merchant account provider that may also provide things like equipment, software, and security. However, having a merchant account doesn’t mean you’re ready to start taking payments online.
Next, online businesses need to have what’s called a payment gateway, which includes the form(s) customers fill out to place an order. This online form takes the place of a credit card machine. Payment gateways also include the backend software that processes these types of online transactions.
Familiarize yourself with any and all provider fees. These fees are different than those traditionally assigned to physical point of sale (POS) terminals, as the likelihood of fraud tends to increase for online transactions. To process credit cards online, the provider fees tend to be a bit higher, and the security features are a bit more complex.
If you sell lots of different items online, you may want to get an online shopping cart, which integrates with your payment gateway and allows online customers to easily add and delete multiple items.A Better Way to Do Business Online