Accepting Credit Cards
You’ll need a Merchant Account and an Online Gateway to Accept Credit Cards
There are many different ways to accept credit cards through your ecommerce shopping cart. If you are serious about doing business on the internet and you want to feel secure that you have great “seller protection”, then you will need a professional Merchant Account. By paying a little extra to have a dedicated Merchant Account for your online business sales, you can have the peace of mind that your ecommerce shopping cart transactions will go smoothly.
Further, you will need an online payment gateway** to ensure that the whole transaction is automated from start to finish. Your clients will be able to purchase directly from you without having to go through something less professional such as PayPal. A real business needs a real online payment solution for their clients.
How Merchant Accounts Work
The merchant account is responsible for authorizing the credit card submission and placing money in your bank account. An approval code from them is as good as money.
Money from Credit Card purchases are placed in your account in about 2-3 business days, depending on who you use. Some banks are faster than others.
*Fees vary depending upon company
**Authorize.net is the recommended payment gateway. Their services are highly secure and encrypted to protect both you and your customers during an ecommerce shopping cart transaction.