As a consumer, when you check your local convenience store, you can criticize your credit card through a point of sale and you pay your gas, coffee and donuts. But what if you are a retailer and your own business on the Internet? It is not as if you had a PC card fight every customer! There must be a way to manage this information. Basically, this is the work that the payment gateway for online retailers. Roy Banks, president http://Authorize.net, a leading manufacturer of payment gateway, described his work as "digital version of POS terminals."
What payment gateway?
Payment gateways allow online merchants such as eStore owners or auction sellers to accept credit card payments over the Internet. It allows the holder of the credit card, ie they make sure the customer has enough money on their credit card to cover the costs. Then put it aside this amount if the buyer can not turn around and spend the money elsewhere before it is assigned to the same merchant account provider. Banks describes this as "a technology to consume ... to pursue the matter. "
A payment gateway is not a merchant account.
Many people confuse merchant accounts with payment gateways, but are not the same. Merchant account services act mostly as a link between your bank account and payment gateway. When a customer orders a product from your business card online is processed by the payment gateway. He then transferred the money to the merchant account service. Merchant account service then moves those newly captured funds were for your business bank account.
3 tips for choosing a payment gateway:
1. Is it compatible with PCI? This means that it was firm security audit by a third party and found to comply with industry standards. Since payment gateways store all your customers information by credit card (save you the stress), which also means that you can sleep better at night knowing that your customers valuable information safe.
2. Customer support. The NUF.
3.Lastly, it is important to be payment gateway you choose third-party solutions that you intend to use. This means things like platforms in front of the store and shopping carts that you want it to be compatible with the ferry.
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