An Online Payment Gateway Makes Payment Processing Quick and Easy

Buying and selling products and services online is faster than ever before. Merchants can easily accept customer payments from credit cards, debit cards, and bank accounts with an online payment gateway. A gateway is a secure, automated system that takes the payment from a buyer and delivers it to the merchant. This service processes the payment, authorizes it, and then accepts or declines the transaction based on the information received.

An online payment gateway provides many benefits for merchants, including enabling them to:
• Quickly and securely accept all major credit cards, debit cards, and ACH payments
• Reduce overhead costs and increase sales
• Protect customer and business data with PCI compliant security
• Take advantage of management tools that include detailed reports, batching, voids, and returns

Merchants with an online payment gateway have the option of using a virtual terminal, ONLINE SHOPPING cart, and even smartphone applications to accept payments.

Virtual Terminal
A virtual terminal operates like a physical credit card terminal, except that this virtual solution allows merchants to manually input credit/debit card information on their computer to process the transaction. Unlike traditional credit card processing machines, a virtual terminal is more flexible, requires no hardware, and doesn't take up any business space. Virtual terminals are easy-to-use, adhere to all PCI compliance standards, and are typically more cost-effective. Since everything is done online, merchants don't have to spend money on physical credit card machines and other costly resources.

Just about any type of merchant can benefit from a virtual terminal. Mail order and telephone order (MOTO) merchants can use a virtual terminal to instantly process credit cards and other forms of payment. Home-based businesses can also use virtual terminals with an online payment gateway to process customer payments quickly and easily. They can also create detailed reports, which can simplify account management and tax filing.

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• What's the Best Way to Accept Payments Online? How to Choose a Payment Gateway

Online Shopping Cart
ONLINE SHOPPINGcarts make it easy for customers to shop on a merchant's website, add their items to the cart, and checkout through the website. Offering an ONLINE SHOPPING cart option makes a website more appealing and THE ONLINE SHOPPING experience more convenient for companies and customers alike. With the right merchant processing service and an online payment gateway, businesses can take advantage of benefits that include:

• Real-time processing - Receive customer payment quickly instead of waiting for several days
• Detailed reports- Easily observe customer buying trends so they can provide special offers on popular products and know how much inventory to keep on hand
• Order tracking - Let customers know the status of their orders and when they can expect to receive them

iPhone and Smartphone Apps
Some merchants want the ability to process payments while on the road, at events, or at other remote locations. Now they can by using an online payment gateway with an iPhone. Apps are synced to an iPhone or other smartphone through a merchant-sponsored application. When a customer presents a payment, merchants process that payment through their iPhone.

Merchants can authorize a charge on a credit card, process a customer's order, and even email receipts to customers without stepping foot in their office or accessing a computer. These on-the-go virtual terminals can increase sales revenue for companies with traveling sales teams or small businesses that meet customers at off-site locations.

See what an online payment gateway can do for your business by contacting the merchant payment processing specialists at CardFlex. Visit http://www.CardFlexNow.com or call 866.634.3044 to learn more about how your business can leverage an online payment gateway to start saving time and money while increasing productivity with a virtual terminal, online shopping cart, or iPhone.

Andy Phillips is the president and CEO of CardFlex, a leading provider of innovative merchant processing services and prepaid card solutions. A 28-year veteran of the payment processing industry, Andy leads the CardFlex team to help businesses of all types and sizes in a wide variety of industries reduce costs, increase sales, and better serve their customers with customized merchant processing services. CardFlex also provides an elite suite of prepaid card products that enable businesses to automate their payroll systems, significantly reduce costs, simplify reconciliation, improve employee satisfaction, and even create loyalty programs to increase revenues. Learn more about CardFlex's merchant processing and prepaid solutions by visiting http://www.CardFlexNow.com or calling 866.634.3044.

By :Andrew M. Phillips  
Article Source: EzineArticles.com

Merchant Accounts - Credit Card Processing

callcentercreditcardprocessing.com

Internet shoppers naturally favor business websites that accept all credit card payments, hence the increasing need for easy to operate, low-cost merchant accounts. On their part, merchant account providers are constantly re-inventing themselves to provide complete security for credit card processing.

A merchant account is essentially a contract or an arrangement between a bank and a merchant, or a merchant account provider and a merchant. The merchant wishes to accept payments for his services/merchandise through card transactions of a particular credit card brand. The acquiring bank extends credit to the merchant, processes the customer's credit card information and approves the transaction. In addition to such direct dealing, merchant accounts may also operate through intermediaries, called service providers. In this instance, the intermediary, for example Paypal, provides payment services to its clients, who have merchant accounts with them. Paypal, in turn, has a merchant account with a bank.

The payment takes place through a payment gateway. A payment gateway is simply a place where you pay, like the cash counter in a retail unit. Only here it is virtual. The difference, though, is that each shop might have its own cash counter, but in this system, several virtual shops (e-commerce sites) use the same payment gateway whose sole purpose is to channel the details of the customer's credit card. Merchant account providers log in and key in credit card numbers (which are encrypted). Alternatively, the payment gateway, may be linked to the shopping cart on the merchant account provider's site. Either way, this part of the online payment processing hardly takes a minute.

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The customer places an order along with credit card information, the information is forwarded to the payment gateway, which further sends it to the merchant's acquiring bank. The bank sends the information to the card association, which in turn sends it to the issuing bank of the card, which checks that balance available with the customer. The issuing bank then approves or rejects the transaction, providing a reason for rejection.

Several merchant account providers offer free credit card terminals and internet payment gateways and free payment gateway software when you open merchant accounts with them. There are others that allow free merchant accounts with low transaction fees. The transaction fee and the DISCOUNT rate (both together make up the total processing fee charged by the account service provider) are lower for credit card terminal swipes. Then there are discount merchant accounts that charge a very low fee for the bouquet of credit card options you provide to your customers.

For these reasons and more, choose Ace Merchant Processing for your merchant accounts. For one, our ISO/MSP certified merchant services are truly low cost - free set up and free terminals and a monthly service fee of only 1.64% +19 cents. Also, we are proud to offer a fraud -proof system and cheerful 24*365 service, to every kind of business. And, the reason why you simply must set up your account with us is that we you same day approval!

Hi, Reader I am a Manan Mehta owner of Ace Merchant Processing.

Ace Merchant Processing is a registered ISO/MSP for BancorpSouth Bank, Tupelo, MS. As a merchant services provider, our primary focus is to make available to merchants credit and debit/check card processing services and processing equipment. We also provide other financial services including gift, prepaid, and EBT cards; check processing systems; and cash advance programs.

By: Manan Mehta
Article Source: EzineArticles.com

Online Credit Card Processing for Your Business

simonwhatley.co.uk

Online shoppers want to get the same benefits from your ecommerce store that they get from brick and mortar retailers. Offering a wide range of payment methods will make your customers feel safe and comfortable and they will increase their online shopping. Accepting credit/debit cards in your ONLINE STORE increases your sales. The problem that many online business owners face is that they are confused by the many choices available and they don't know where to start.

There are two ways in which an online business can accept credit card payments online;

Real time online credit card processing

Here is where the customer submits their payment information and the payment is processed online through a payment gateway. Even though the payments are processed right away, the costs are usually higher.

Card present or swiped

The merchant will collect the card information by swiping the card through a mobile card reader or credit card terminal. The costs involved here are much lower than card not present or online transactions.

For a business to start accepting online debit and credit cards, they first need to have an online merchant account and payment gateway. And just like any other business decision, you have to adequately research before selecting a provider that you feel is right for you.

Setting up an online merchant account that is quality and secure is critical if you want to launch and operate a successful business. You can avoid unnecessary fees and charges if you find a provider that understands how to set up an online merchant account correctly and understands the needs of your business.

A merchant account may have cost implications like set up fees, application fees and minimum monthly fees. It may also take up to a month for your account to be fully set up and one has to be patient. Depending on your credit history, your application may or may not be approved and you will need to estimate your sales volumes to know the approximate number of transactions you will expect per month.

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When shopping for merchant account providers, you may choose to go with your local bank of one of the many available online merchant account service providers. If you already have an offline credit card processing merchant account, then you can just ask your provider to add an online processing feature to your account.

Online payments for medical billing

Medical payments via credit/debit card will help reduce the headaches of bill collecting from patients and processing them. A merchant account gives your patients the freedom and flexibility of making payments in various forms. The system works in a very simple way; the client pays using their credit/debit card, the payments get processed immediately and. There are many available credit card processing systems that are customized specifically for medical billing and come with other features that make your billing work easier.

Law firms

With the growing trend of accepting payment through credit and debit cards, attorneys and law firms that are looking to accept credit card payments have a lot of available options in the market. There are providers that offer services that are specifically tailored for attorneys and are even endorsed by associations but a firm is also free to use the standard credit card processing services that are available to the other businesses. For those lawyers who have reaped the benefits of accepting credit card payments from their clients, they have realized that it is one of the ways of attracting and maintaining clients.

Mobile payments

Mobile commerce and e wallets have recently emerged as the standard payment of the days to come; merchants are trying to position themselves for tomorrow by trying to meet the demand for mobile credit card processing.

Whether it is accepting credit cards through a mobile devices or accepting mobile payments via a Smartphone, mobile credit card processing has become prevalent and will continue to grow in its usage and adoption.

The capability to accept credit cards through a mobile device gives your business the flexibility of accepting remote payments with ease and securely. Merchants can easily process real time transactions from any locations as long as they are connected to the internet.

If you are looking into online credit card processing for your business be sure to check the rates associated with the payment gateway and the merchant services
By Christopher Fleisch
Article Source:EzineArticles.com

Virtual Merchant Payment

creditcardprocessingcompanies.company

Virtual Merchant Payment

A Virtual Merchant Payment is any sort of information processing system that gives merchandise and services on the market to the general public, and together provides the implies that of paying for those merchandise via on-line debit and MasterCard method at the time the order is placed. A Virtual Merchant Payment would possibly perform as a web business alone and mortar retail store or chain of stores. In order to perform as a virtual merchant, the owner of the online store ought to secure what is referred to as a merchant account. This can be often simply a contract with a vender who provides the bourgeois with the pliability to easily settle for debit and credit cards for payments on merchandise ordered by customers. As a neighborhood of the bourgeois card services agreement, the Virtual Merchant Payment is the vendor partner satiny low proportion of the whole injury on each act. Betting on the precise terms of the agreement, the Merchant Payment might pay a monthly fee for cyber web payment services. There are some merchant accounts that are structured to allow the bourgeois to pay a tough and quick rate for each act processed, yet the number of the acquisition.

In order to electrify customers to the online store, a Virtual Merchant Payment will certify that the ordering technique is as easy as potential. This includes mistreatment code to create a virtual wheeled vehicle that the shopper can periodically access and review before continuing to shop for. The selection to complete the looking and pay cash for the chosen things is formed out there on every page of the situation. At the actual purpose of the virtual checkout, fields to enter relevant information unit clearly marked, at the side of the selection of what sort of debit or MasterCard is used for the acquisition.

Due to the incidence of internet fraud, most Virtual Merchant Payment processes these days embody provisions designed to remain the payment information of each shopper secure. Most merchant sites will note that the payment technique is secure, therefore allowing customers to position orders whereas not fears of their cash and various data being outlaw. forward the Virtual Merchant Payment offers quality merchandise at competitive prices, provides a store format that is straight forward to navigate, and encompasses a payment technique that is easy and secure, there is associate honest chance that customers will come back to position further orders at intervals the longer term.