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Web Site Design, Processing Credit Cards For Your Online Business
by George Meszaros
Online Payment Security If you are new to online business, you best bet might be to outsource credit card processing. PayPal is the best example of outsourced credit card processing. Online vendors using this service don’t have to worry about buying or renting credit card processing machines. In addition, they don’t need to create a merchant account because PayPal is the gateway.
More established businesses usually opt for an in-house credit card processing solution. There are two basic methods of accepting credit cards online, real time processing and deferred processing.
Real Time Processing The biggest advantage of real time credit card processing is that there is no delay in the buying process. The customer immediately knows if the order went through. This method is especially effective with companies selling downloadable products such as audio, video, or e-book. As soon as the credit card is authorized, the customer can download the product. The real time processing fulfills the need for instant gratification. If you are looking for automation, real time processing is for you. It requires more complex set up than deferred processing, but once it has been set up, credit cards are processed quickly, efficiently, and most importantly automatically.
Real time processing simplifies selling online because customers receive instant feedback. For example, if they enter an incorrect credit card number, the transaction will fail and the customer is notified instantly. Declined credit card transactions are immediately reported back to the buyer.
Secure payment gateways are the most important components of real time processing because they provide a secure connection between your website and your merchant account. Some of the largest secure payment gateway providers are authorizeNet and VeriSign.
How does payment through a secure gateway work? ˇYour customer adds the product to the shopping cart.
ˇThe connection enters secure mode, as the customer is required to complete payment information. The customer’s browser encrypts the data between the web server and the customer computer.
ˇThe website forwards the encrypted payment information to the secure payment gateway.
ˇThe payment gateway forwards the encrypted payment information to the vendor’s acquiring bank account.
ˇThe acquiring bank forwards payment information to the customer’s bank account.
ˇThe customer’s bank responds to the payment request. It either approves or declines the charge.
ˇThe payment gateway received the response and forwards it to the vendor’s website.
ˇOrder completed or failed message is communicated to customer.
Please keep in mind that the above process is highly simplified version of the actual process. The entire transaction described above should take less that ten seconds.
About The Author: George Meszaros http://www.webene.com
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You may want to try these websites for additional information
http://www.shire.net/learnwebdesign/map.htm
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http://www.pawprint.net/webdesign/
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
Online Payment Security If you are new to online business, you best bet might be to outsource credit card processing. PayPal is the best example of outsourced credit card processing. Online vendors using this service don’t have to worry about buying or renting credit card processing machines. In addition, they don’t need to create a merchant account because PayPal is the gateway.
More established businesses usually opt for an in-house credit card processing solution. There are two basic methods of accepting credit cards online, real time processing and deferred processing.
Real Time Processing The biggest advantage of real time credit card processing is that there is no delay in the buying process. The customer immediately knows if the order went through. This method is especially effective with companies selling downloadable products such as audio, video, or e-book. As soon as the credit card is authorized, the customer can download the product. The real time processing fulfills the need for instant gratification. If you are looking for automation, real time processing is for you. It requires more complex set up than deferred processing, but once it has been set up, credit cards are processed quickly, efficiently, and most importantly automatically.
Real time processing simplifies selling online because customers receive instant feedback. For example, if they enter an incorrect credit card number, the transaction will fail and the customer is notified instantly. Declined credit card transactions are immediately reported back to the buyer.
Secure payment gateways are the most important components of real time processing because they provide a secure connection between your website and your merchant account. Some of the largest secure payment gateway providers are authorizeNet and VeriSign.
How does payment through a secure gateway work? ˇYour customer adds the product to the shopping cart.
ˇThe connection enters secure mode, as the customer is required to complete payment information. The customer’s browser encrypts the data between the web server and the customer computer.
ˇThe website forwards the encrypted payment information to the secure payment gateway.
ˇThe payment gateway forwards the encrypted payment information to the vendor’s acquiring bank account.
ˇThe acquiring bank forwards payment information to the customer’s bank account.
ˇThe customer’s bank responds to the payment request. It either approves or declines the charge.
ˇThe payment gateway received the response and forwards it to the vendor’s website.
ˇOrder completed or failed message is communicated to customer.
Please keep in mind that the above process is highly simplified version of the actual process. The entire transaction described above should take less that ten seconds.
About The Author: George Meszaros http://www.webene.com
These articles on lifestyle and more
Reprint this article free of charge as long as you keep the author's resource box or bio intact and the links active. A copy of the ezine or URL of the page where the article was reprinted emailed to the author would be very much appreciated. web site design
Return to the selection of web site design
You may want to try these articles on web site design
Web Site Design, How To Promote Your Online Business With Articles by George Meszaros Approximately 403 Words
Web Site Design, Build A List And Profit From It by George Meszaros Approximately 363 Words
Web Site Design, Finding Your Web Site Host by George Meszaros Approximately 545 Words
Web Site Design, Protecting Your Domain Name by George Meszaros Approximately 374 Words
Web Site Design, Selling To Niche Markets by George Meszaros Approximately 413 Words
Web Site Design, Tags And Seo — Search Engine Optimization by George Meszaros Approximately 364 Words
Web Site Design, Advantages Of Search Engine Optimization by George Meszaros Approximately 393 Words
You may want to try these websites for additional information
http://www.shire.net/learnwebdesign/map.htm
http://www.volusion.com/web_design.asp
http://www.pawprint.net/webdesign/
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!