subject: Ecommerce Credit Card Processing And Your Company [print this page] Ecommerce credit card processing has become something of a norm today, in as much as the Internet has grown, expanded, and touched more peoples lives than we ever thought it could including entrepreneurs, who saw the advantage that could be taken from such a global communication network and who established ways of accepting their customers or clients credit cards online: the birth of ecommerce credit card processing.
This processing service is unique among all the other payment-processing models for credit and debit cards, because it carries a risk associated with it that typical, conventional retail stores and outlets do not: the fact that the customer, in either an ecommerce transaction or a mail or phone-order business, isnt physically present to verify his or her identity and match it with a card. This implies that ecommerce credit card processing has higher rates when it comes to security and fraud protection, which of course can vary among the many different merchant account and payment-processing service providers.
In order to facilitate an online transaction, an Internet merchant must first acquire an ecommerce credit card processing merchant account, available through most merchant service providers today, but not always. This has to include or, ultimately, be compatible with a shopping cart (a way for the customer to gather, organize, and quantify their purchases) and a payment gateway (a way for the customers sensitive personal financial information to be transmitted across the Internet to their banks server for either approval or decline) and, on occasion, supplementary software or hardware that enables ecommerce credit card processing.
When youre seeking a provider of ecommerce credit card processing services, make sure that they abide by PCI standards essentially, the rules and regulations required of all major merchant account service providers in order for them to conduct business. Not only are these legally mandated for online and other kinds of transactions, but also, PCI standards ensure that your patrons sensitive credit card data is protected through modern, up-to-date, sophisticated encryption that will prevent or at least reduce the likelihood of fraud issues, such as identity theft.
Thus, indeed with the vital aspect of modern online or mail or telephone businesses, and choosing one of the many thousands of providers out there can prove challenging. But take into account some of the above factors when youre look for ecommerce processing services, and you shouldnt have any problems after securing your contract.
