Online credit card processing involves many fundamental frameworks. Before starting any online credit card processing it is very important to know at least the basic working to enable the SSL security and about the available gateways.
The basic two ideas that everyone who own a credit card should know would be gateways and sales transactions. Online credit card processing starts with transactions. There are many types of these transactions.
They include preauth, postauth, sales, credit, and chargeback. Sales would involve a consumer buying goods and transferring payments to the merchants account. Charge backs are in the cases of any disputes.
Now after the transaction completion the online credit card processing enters the next stage through a gateway.
Some of the available gateways would be authorize net, cyber source ,world pay ,I payment ,echo ,verisign ,trust commerce ,card service international.
To maintain an online credit card processing any website owner must have an online transaction and gateway account. The server that they use must be SSL certified.
The information about the credit they accept must be displayed on the gateways.
Gateways are nothing but interfaces or Application Programming Interfaces that are used for implementation by the sales class.
The online credit card processing workflow order would be as follows,
The customer goes online and views the Dynamic HTML page constructed. The customer contacts the SSL protected web server where gateways are implemented for them to perform a purchase. Now the user fills in the form with his interested items and clicks submit or send to confirm the choice of selected items in cart.
The information posted by the user is now sent for processing. This processing involves the stores, availability, price, and any other terms for the products selected. The web servers contact a CC server code, which is widely used for security-linked web servers.
Both the CC processing Code and the Gateways interlink with each other such that they mutually exchange information about them. First the credit card no & other important details such as Postal Code, CCV, and Expiry date are validated. Once this validation is successful, payment will be processed. This includes checking for balance amount on card and debiting the account with sale amount. In this state, the user credit card is validated for available amount and whether that amount would be enough to buy the chosen product. It also checks whether the card is good
Now the gateway contacts all merchandise and banks to get the required details for online credit card processing. The online credit card processing are generally batched based on the item groups and then sent for processing.
The online credit card processing would involve accepting any form of payment anywhere. Never forget to get fraud and other security processes enabled. There are many issues that one has to look at before applying for an online credit card processing.
They would be
Average approval rating of customers who used them
The per month cost been demanded
account set up time
Remember these top things before getting involved in any online credit card processing.
Steps for applying for online credit card processing,
Sign up for any merchant solution
Get prepared for any form of payment
Now organize your website with products and their reviews for the users benefit
Organize website content so as to be easily accessible to users
Connect front end and backend development
Try to advertise for online credit card processing and attract new customers
Learn and then start growing.
Payment processing is the major reason for any e-commerce business to get a merchant account. Merchant accounts enable your business to receive credit card payments online and become capable of providing your customers with several payment processing options.
Online credit card processing not only enables you to boost sales but also saves you a lot of hassle along with offering you many other benefits.
Reliable and secure credit card processing services allow your business to flourish and increase sales by leaps and bounds. Merchant account providers who offer international payment processing understand your business needs and that is why they offer major benefits like various payment processing options worldwide.
Online credit card processing allows you to accept all forms of payments from anywhere in the world at any time at all. This allows businesses to accept all kinds of various major credit and debit cards online and saves the merchants and customers the hassle of going to the bank.
With international credit card processing services you become capable of accepting payments from anywhere at all. Doesn’t matter whether you are in the US or the UK or in any other corner of the world, a good merchant account provider will offer you payment processing services that will allow you global transaction facility. All kinds of businesses whether big or small, high risk or low risk become capable of increasing their sales and revenue with online credit card processing.
Good merchant account providers will offer you safe and reliable credit card processing services with scam and fraud protection along with SSL encrypted servers that guarantees secure transactions. This in turn will help protect your transactions against fraudulent cases.