Most online stores or ecommerce businesses
accept credit card payment from customers. It is one of the most common modes
of electronic payment accepted by e-commerce businesses. They use the real time
online credit card processing method within which customers submit payment
information and it gets processed quickly. Even though the costs are high, the
set-up is easy and transactions are completed without delays.
In case of online payment credit card,
businesses need to pay a small fee and a percentage of each transaction the
customers make. In some cases, an initial setup fee is also required. Once the
transaction is done, the customer and the business owner are notified about it through
email or message.
Customers are provided a secure interface
for entering their personal data when making a purchase. Business owners can
also view the record of all transactions on their account with ease. Proceeds
of the transactions made through the website can be deposited into a bank
account of their choice.
If business owners opt for a third party
payment processor, there are no monthly charges or application fee involved.
Third party providers charge only a per transaction fee. For e-commerce business, choice of payment
gateway is also important.
In order to accept credit card payment
gateway, business owners need to find a reliable and secure gateway
provider. It can be a daunting task to find the right payment gateway for your
online business. Therefore, make sure you invest some time in doing research
and finding a good option.
There are various factors to be considered
such as currency support, fees and recurring billing when choosing a service
provider. Recurring billing provides the business owners the ability to set up
payment that re-occurs within a set period of time.
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