Credit Card Processing How Is It Done - PowerPoint PPT Presentation

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Credit Card Processing How Is It Done

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- "At Payments Gateway we understand how critical payments are to any organization, which drives us to develop and continually evolve one the most popular and innovative payment processing solutions on the market. Payments Gateway provides organizations of all types and sizes a flexible, reliable and cost effective tool for automating and managing their payment processing functions. The role of Payments Gateway continues to expand as we strive to provide customers with first-class performance and reliability, secure and compliant payments, adaptive technologies, a broad array of solutions including a complete range of payment types, and competitive transparent pricing with no surprises. – PowerPoint PPT presentation

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Title: Credit Card Processing How Is It Done


1
Credit Card Processing How Is It Done
2
If you are a budding merchant and wants to put up
an online business the first thing you need to do
is to acquire a payment system wherein your
consumers can buy and pay whatever items they
found in your online store.   To get things
going a credit card always comes handy to kick
off the buying and selling industry online. So to
run a successful online business you should know
how to choose your reputable credit card
processing provider to help in your day to day
payment transaction with your consumer.
  Although, finding a credit card processor for
your company is quite difficult not only each of
them offers different platform and charges, you
might end choosing a wrong one.
3
And if this happens you have no choice but go
back to square one.   Scary it may seems but you
have to face the fact without a company to
process your customers credit card payments your
business is totally off the hook when it comes to
online selling.   Here is a two short tip on how
to set up a credit card processing for your
online business.
4
  • Create a gateway account
  • Make sure your gateway account convey with the
    Payment Card Industry Data Security Standard
    requirements.
  • Make sure it has a secure socket layer to
    guarantee all transactions are protected.
  • It has fully equipped e-commerce incorporation
    which includes email receipt, shopping basket
    and support recurring payments.
  • It has a fast customer service support

5
  • Create a merchant account
  • Fill up the digital application form. The
    application process takes 1 to 2 days.
  • Add shopping carts. Some credit card processor
    requires shopping carts on the website.
  • Protection from fraud. Merchant account should
    have a program to verify credit cards.
  • Should have payment gateway
  • Monthly and transaction fees. Merchant services
    constantly make money on their business
    transaction.
  •  

6
  • In connection with acquiring a reputable company
    to process your customers credit card payments
    dont forget to evaluate the following set of
    features that you think is most favorable for
    your business such as rate and fees, application
    process and what will you expect from these
    credit card processing companies.
  •  
  • After setting up your credit card processing for
    your online business the next thing you need to
    know is how things will work once it started.
  •  
  • The customer will buy and pay

7
  • The payment gateway service will transmit a
    record about the transaction at the merchant
    banks processor then it will route back to the
    cardholders bank.
  • Once verified the cardholders bank can neither
    approve nor decline the transaction and the
    message will send back both to the merchant and
    cardholder.
  • Given it was approved the merchant will deliver
    the goods to the customer
  •  

8
  • The cardholders bank transmits the require
    amount to the credit card processing system who
    transfer the customers payment to the merchants
    bank. End of transaction.
  •  
  • If you think you are ready to put up your online
    business make sure that you gather enough
    knowledge and information to help you pull
    through with your chosen business venture.
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