Hello fellow bloggers ! The first of my series on toolkits is internet credit card processing for businesses that operate or intend to operate online.
Processing credit cards online was once only for the privileged large ecommerce sites like Amazon. Since the introduction of affordable online credit card processing facilities, a variety of websites both large and small now have merchant credit card processing services which enable them to take orders online and charge credit card orders in real time.
Credit card processing facilities have now enabled the more traditional merchant to practically work from home, automating the entire online shopping experience thus freeing up more time to focus on other important areas of running an online business, such as website promotion and marketing. And when you accept credit cards online, you can expect your sales to increase by an astounding 50 to 400%.
Internet credit card processing generally requires that you have a merchant account with your local bank (many new website owners who are entering the online store arena already have this from their existing business). This merchant account simply ties into the service that the online credit card processing company has. Often the company or payment gateway can help you set this up if you have not already done so.
Still lost as to how a payment gateway / online credit card transactions work?
Below is a simple flowchart which hopefully will give you a clearer picture of what this is all about :
For more information on payment gateways and accepting credit cards online I suggest contacting one of my recommended ebanking / credit card processing partners:
eBanking / Credit Card Processing Partners
Charge.com
- A registered ISO/MSP for FDIC insured Wells Fargo Bank, Walnut Creek, CA.
- Offers free online application and setup
- Same day approval service available
- Can accept major credit cards for your sales within 24 hours upon approval
- FREE Search engine submission of your web site to all of the major search engines
- FREE ecommerce shopping cart for your web site
- For a limited time only, currently offering a $300 free value added package for signups
Free Credit Card Machines
- Operated by North American Bancard and is a registered Independent Sales Organization/Merchant Service Provider for HSBC Bank USA, National Association, Buffalo, NY
- Also offers free online application and setup
- Same day approval service available
- Plus a free Omni Vx570 and Verifone Pin Pad or ViVOpay 4000 processing terminal for those with retail sales
PayPal
If you don’t know what PayPal is then you’ve been living under a rock. This is pretty much a must have if you want to make money from a blog or do your shopping on eBay. Possibly one of the biggest secure payment services used on the internet today.
- Accepts all major credit cards
- Also allows you to send, receive or request money from anyone with an email address in 190 countries and regions that accept PayPal or have a PayPal account
- Offers Mass Payment via a Premier or Business account to send multiple payments instantly—saving time, money and the hassle of having to individually send funds to every payment recipient
- Offers transactions in 16 currencies
I will cover more on PayPal's Mass Payment in a separate post.
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1 comment:
what helpful information! i process credit card transactions at work every day and didn't know what was actually happening when i swiped that card. now i can be informed of these things at work. thanks!
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