Credit Card Processing Online

Credit card processing online involved a lot of fundamental frameworks. Even before you start for any processing, it is first necessary to learn more about the basics in available gateways and SSL security.

Two of the most basic ideas for those people who have credit cards are to learn more about the sales transactions and gateways. In credit card processing online, it starts from the transactions. Actually, there are a lot of transactions and types.

When it comes to the types, it may include of postauth, chargeback, credit, sales, and preauth. The sales also involve consumers in transferring payments and buying goods on the account of merchants. In case of disputes, there are charge backs.

After the credit card processing online and the transaction are already completed, the second stage is on the gateway. Other gateways available are cyber source; authorize net, payment echo, world pay, trust commerce, verisign and card service.

In maintaining the credit card processing online of a website owner, there is a need to have a gateway account and online transaction. The server to use should be certified by the SSL. In regard with the information on the credit which they accept, they should be displayed on gateways.

As for the gateways, they are considered as interfaces on application programming used in the implementation done by most sales class.

The credit card processing online order should follow:

1. On the part of the customer, he must go online and then view for the constructed page of Dynamic HTML. Then, the customer is going to contact the web server that is protected by the SSL. The gateways will be implemented in order that they can perform for purchases. Afterwards, the user will have to fill out the form but only those interested items. Then, the user will have to click the send or submit that confirms the options for items found in the chart.

2. The user and information are posted and sent for online processing. In the process, it involves price, availability, stores and product terms. The servers on the web must contact for a server code that is utilized for secure and safe linked website servers.

3. Both Gateways interlink and processing code of CC are interlinked for them to exchange information. The significant details and credit card like Expiry Date, CCV and Postal Code are validated.

After the validation is done, the payment is then processed. The process includes of debiting and checking the amount. In this regard, the credit card of the user is now validated if there is still an accessible and if it is sufficient in buying the product. It further checks if the card is still good.

4. Then, the gateways will have to contact the banks and merchandise to acquire the details needed in credit card processing online. This is dependent on item groups that are sent to be processed.

Credit card processing online involves the acceptance of payment in any form and anywhere. Do not also forget to have security and fraud processes. Apart from it, there are still some issues to consider even before the application on credit card processing online.

Merchant Account VS Payment Gateway

Setting up an Ecommerce website can get confusing and make you pay for unexpected fees if you don’t have a better understanding with merchant account vs. payment gateway.

Merchant Account VS Payment Gateway: What Is a Payment Gateway?

A payment gateway is a service offered a financial institution to process credit card transactions for your business. If your clients or customers are purchasing products or service from your online store, they enter their credit card identification number in the checkout or billing process. Your online store sends that information to your payment gateway to authorize or to decline the transaction and to process the payment.

Merchant Account VS Payment Gateway: What Is a Merchant Account?

A merchant account is an online bank account that temporarily holds the merchant’s money before being moved to the merchant’s actual bank account. When a successful sale has been made, the money from the credit card payment will be moved to the merchant account, and it will stay there within 2-3 days before being transferred to the business bank account. Your merchant account serves as your temporary bank account for the money incurred from online sales.

Merchant Account VS Payment Gateway: How Do They Work Together

A merchant account vs. payment gateway works together by processing the credit card payment made by your customer until the money incurred by a successful sale is deposited to your bank account. It begins when your shopping cart at your online store computes the total amount of product to be purchased by your client, the customer’s billing info, and them forwards all data to your payment gateway.

The payment gateway will forward the data to your credit card processor for authorization. After the data has been received by your credit card processor, it will be verified, and then the approval code will be sent back to the payment gateway.  After the payment gateway has received the approval code, the transaction will be settled automatically. Transaction settlements may last for few minutes or few hours depending in the item being purchased. Also, merchants selling custom products can settle the transaction manually the next day. After the payment transaction has been settled, the payment gateway sends the approval code to the shopping cart to inform the customer for successful payment made.   The best thing about merchant processing the best is that all these things can happen in less than a minute.

Things to Consider in Looking for Merchant Account VS Payment Gateway Solutions

When looking for companies that provide payment gateway and merchant account solutions, choose those companies that do not offer long term contract. Through this way, you can easily cancel your merchant account contract if you don’t want dealing with penalty charges or fees. Also, choose merchant processing service providers that do not require your website to get live first before getting an approval. Through this way, you can get your payment gateway setup and then tested before your online store goes live. Also, make sure that you understand all of the things stated in the contract to prevent your business from paying for hidden costs and services that you don’t need.

Merchant Account Providers - Helping Businesses Stay Ahead in the Race

For entrepreneurs big and small and ventures like legal firms, retail shops or real estate companies, running a business comes with many responsibilities. And one among the several challenges those businesses face is to be able to collect and process payments made by customers through credit and debit cards. Getting started with a secure merchant account and making the business / products / services accessible to a wider audience is the first major hurdle that any new business faces. This responsibility is therefore outsourced to merchant account providers who create merchant accounts on behalf of the business and process payments made towards the business.

Who is a Merchant Account Provider?

The entire process of credit card payments and their processing is today being handled by companies who are widely known as Independent Sales Organizations (ISO). These ISOs are responsible for selling merchant bank accounts to merchants or business owners, processing the payments through a dedicated gateway and submitting the same to a Visa or MasterCard network. They are also responsible for providing technical support through the entire process and they ultimately set the price for the services rendered. ISOs are also known as merchant account providers because of the kind of facilities they directly provide to merchants.

Services Provided by Merchant Account Collection Agencies

As described above, the entire gamut of payment collection and their processing is done by merchant account providers on behalf of the merchant. However, this overtly simplistic service includes various other crucial facilities that a collection agency or ISO needs to provide in order to offer a seamless service in credit card processing. These include:


• POS Equipment Rentals - No matter what kind of business one handles, merchant account providers should be able to provide credit card processing equipment anywhere and everywhere. While at the physical point of sale location, companies need to provide electronic card readers and for portable or mobile businesses that need to make collections from the location of the customer, mobile (GPRS) or internet services need to be put into place.

• Anti-Fraud Measures - Only secure payment gateways that offer several layers of anti-fraud assistance both to the merchant and the merchant’s customer will increase customer loyalty.

• Offshore Assistance - Since a number of businesses function across time zones, it’s important to provide a secure payment gateway that is available to customers across geographies.

• Technical Support - The success of a good credit card processing platform depends on its technical systems and the quality of software used. For example, QuickBooks, which provides online POS assistance to merchants, helps businesses sync their sales and inventory in a timely manner. This also helps merchants, associated with larger businesses which are spread across geographies, instantly know which product or service has been sold and to whom, as well as track the status of the credit card payment.

What’s more, these kinds of software are also able to minimize data errors or repeat entries and help merchants authorize secure transactions.

To initiate error free credit card transactions and avoid duplicate or slow credit card processing, assistance from merchant account providers will help businesses grow faster and reach a wider base of customers.

Everything About Automotive Credit Card Processing

The automotive world is vast, and running a business associated with automotive can be quite challenging. Whether you are associated with tires, fuelling or re-trading of old tires, or with sales of auto parts and servicing for cars, your business will require 24x7 monitoring. For automotive business owners, managing their credit card payments along with the nitty-gritties of their business thus proves very difficult.

To ease the load on small automotive business owners, several merchant processing institutions are now providing unique solutions through faster payment gateways created exclusively for automotive businesses. These solutions are not only helping automotive business owners better understand their monthly sales and profit scores, but is likewise helping customers pay their bills easily.

Various Payment Gateway Solutions

Automotive credit card processing has today blossomed into a lucrative option, not just for merchant banks and vendors but also for customers. There are innumerable payment gateways secured for transactions on automotive businesses, which help swifter processing of credit cards and the consequent cash delivery to the merchant’s account.

Customers can now access payment gateways online from the comfort of their homes and also have the luxury to make payments in loans through various schemes. This works well for large and small automotive business owners to accept payments wherever and whenever.

Be it an immediate payment at the point of sale location in the store or a payment through a mobile device – every kind of transaction can be keyed in through the different gateways. There are online payment gateways, mobile credit card processing for iPhones, Android devices and other smart phones, as well as several wireless processing options.

Several Benefits of Automotive Credit Card Processing

There are several benefits for both the merchant and the customer who use the modern tools in automotive credit card processing gateways.

• Payments can be processed through multiple devices and platforms, including wireless services.
• Quicker transactions whose updates are sent to both the customer and the merchant instantly.
• Works well for large automotive businesses which function across a multi-merchant or multi-user platform and operate out of more than one location.
• Allows superior business growth to mobile automotive businesses like towing services or urgent on-site repair facilities.
• Credit card processing is made easy for fleet owners who need processing of bulk payments.
• For customers, it gives greater scope to get special financing especially for services like an urgent car wash and car or tire servicing or while getting special rebates from auto dealers on purchasing a brand new car.
• Several loan options are allowed for customers who pay using particular automotive payment gateways. A period of 6 months to 1 year is often allowed on payments which are costly.
• Special waivers are allowed on payments which are made instantly. For example, for a body paint and repair service of $500, a customer who pays on the spot can expect a $50 cash back if he/she makes his payment using a particular merchant credit card processing gateway. Likewise for merchants, special discounts and rebate coupons in processing charges are also offered on certain bulk payments.

Today, there are several automotive credit card processing options like Payscoutwho provide both superior and secure electronic and wireless credit card processing solutions for customers across the US.