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What You Need to Know About the Positive Effect of Online Commerce

What You Need to Know About the Positive Effect of Online Commerce

Building an online commerce site requires multiple elements to be successful. One of the key elements is setting up a system for <a title=Learn About Credit Card Processing at Merchant Partners rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=http://merchantpartners.com/page/1a7uf/Landing_Pages3/Credit_Card_Processing.html>credit card processing</a>. This will allow you the ability to accept credit card payments online without the need of a swipe machine. Another crucial part of the process is setting up a <a title=Sign Up for a Gateway Now at Merchant Partners rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=http://merchantpartners.com/page/1a7vc/Landing_Pages6/Payment_Gateway.html>payment gateway</a>so your transactions will know where to go when processed. Like what bank the money withdrawn from customer’s credit card will go.

Once you have a payment gateway setup, credit card processing becomes easy. Normally on a website, the transaction will sit in queue waiting your approval. The credit card number can only be seen before you process the transaction. Once you process the transaction, the system delete’s all except the last four of the credit card number. This is so you cannot have a record of past credit card numbers, as this is a major security risk.
Once the transaction has been processed, the next step is to access your payment gateway. You want to make sure the credit card hasn’t been declined for any reason. Decline messages will show up with an error number that can easily be referenced. Some errors will be obvious like, “Invalid Expiration Date”, or “Invalid Address”. These are usually customer error, and you will need to contact them to get the correct information.
When initially creating your website, it’s likely that you will receive orders before you have credit card processing setup on the site. Orders processed before the integration of the gateway in your site cannot be automatically processed. Therefore once you get the gateway setup, these orders can be processed manually. When processing manually, the form to fill out in the gateway is much like the one you see when you checkout on a website. Usually you will need the CVV2 code to process manually which you will need to get from the customer who purchased the order.

When in the payment gateway, you can also setup FRISK management. FRISK management prevents customers who accidentally hit the back button on their browser after initiating the transaction, and create a duplicate transaction. If the two transactions are between minutes of each other, the system will deny the second transaction so the card doesn’t get charged twice. If the customer wants two of the same thing, they should be updating the quantity in the initial transaction, rather than making two separate transactions for the same item.

When building an ecommerce website, you need to be sure you have all of the tools you need. Online credit card processing is crucial. No one is going to send you a check in the mail. A payment gateway is important to have so the transactions know where to go, and if something happens to the transaction, you can process the cards manually. Keep these key factors in mind when building your ecommerce website.

About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding credit card processingor a payment gateway, look to Merchant Partners.

What You Need to Know About the Positive Effect of Online Commerce

What You Need to Know About the Positive Effect of Online Commerce

Building an online commerce site requires multiple elements to be successful. One of the key elements is setting up a system for <a title=Learn About Credit Card Processing at Merchant Partners rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=http://merchantpartners.com/page/1a7uf/Landing_Pages3/Credit_Card_Processing.html>credit card processing</a>. This will allow you the ability to accept credit card payments online without the need of a swipe machine. Another crucial part of the process is setting up a <a title=Sign Up for a Gateway Now at Merchant Partners rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=http://merchantpartners.com/page/1a7vc/Landing_Pages6/Payment_Gateway.html>payment gateway</a>so your transactions will know where to go when processed. Like what bank the money withdrawn from customer’s credit card will go.

Once you have a payment gateway setup, credit card processing becomes easy. Normally on a website, the transaction will sit in queue waiting your approval. The credit card number can only be seen before you process the transaction. Once you process the transaction, the system delete’s all except the last four of the credit card number. This is so you cannot have a record of past credit card numbers, as this is a major security risk.
Once the transaction has been processed, the next step is to access your payment gateway. You want to make sure the credit card hasn’t been declined for any reason. Decline messages will show up with an error number that can easily be referenced. Some errors will be obvious like, “Invalid Expiration Date”, or “Invalid Address”. These are usually customer error, and you will need to contact them to get the correct information.
When initially creating your website, it’s likely that you will receive orders before you have credit card processing setup on the site. Orders processed before the integration of the gateway in your site cannot be automatically processed. Therefore once you get the gateway setup, these orders can be processed manually. When processing manually, the form to fill out in the gateway is much like the one you see when you checkout on a website. Usually you will need the CVV2 code to process manually which you will need to get from the customer who purchased the order.

When in the payment gateway, you can also setup FRISK management. FRISK management prevents customers who accidentally hit the back button on their browser after initiating the transaction, and create a duplicate transaction. If the two transactions are between minutes of each other, the system will deny the second transaction so the card doesn’t get charged twice. If the customer wants two of the same thing, they should be updating the quantity in the initial transaction, rather than making two separate transactions for the same item.

When building an ecommerce website, you need to be sure you have all of the tools you need. Online credit card processing is crucial. No one is going to send you a check in the mail. A payment gateway is important to have so the transactions know where to go, and if something happens to the transaction, you can process the cards manually. Keep these key factors in mind when building your ecommerce website.

About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding credit card processingor a payment gateway, look to Merchant Partners.

What You Need to Know About the Positive Effect of Online Commerce

What You Need to Know About the Positive Effect of Online Commerce

Building an online commerce site requires multiple elements to be successful. One of the key elements is setting up a system for <a title=Learn About Credit Card Processing at Merchant Partners rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=http://merchantpartners.com/page/1a7uf/Landing_Pages3/Credit_Card_Processing.html>credit card processing</a>. This will allow you the ability to accept credit card payments online without the need of a swipe machine. Another crucial part of the process is setting up a <a title=Sign Up for a Gateway Now at Merchant Partners rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=http://merchantpartners.com/page/1a7vc/Landing_Pages6/Payment_Gateway.html>payment gateway</a>so your transactions will know where to go when processed. Like what bank the money withdrawn from customer’s credit card will go.

Once you have a payment gateway setup, credit card processing becomes easy. Normally on a website, the transaction will sit in queue waiting your approval. The credit card number can only be seen before you process the transaction. Once you process the transaction, the system delete’s all except the last four of the credit card number. This is so you cannot have a record of past credit card numbers, as this is a major security risk.
Once the transaction has been processed, the next step is to access your payment gateway. You want to make sure the credit card hasn’t been declined for any reason. Decline messages will show up with an error number that can easily be referenced. Some errors will be obvious like, “Invalid Expiration Date”, or “Invalid Address”. These are usually customer error, and you will need to contact them to get the correct information.
When initially creating your website, it’s likely that you will receive orders before you have credit card processing setup on the site. Orders processed before the integration of the gateway in your site cannot be automatically processed. Therefore once you get the gateway setup, these orders can be processed manually. When processing manually, the form to fill out in the gateway is much like the one you see when you checkout on a website. Usually you will need the CVV2 code to process manually which you will need to get from the customer who purchased the order.

When in the payment gateway, you can also setup FRISK management. FRISK management prevents customers who accidentally hit the back button on their browser after initiating the transaction, and create a duplicate transaction. If the two transactions are between minutes of each other, the system will deny the second transaction so the card doesn’t get charged twice. If the customer wants two of the same thing, they should be updating the quantity in the initial transaction, rather than making two separate transactions for the same item.

When building an ecommerce website, you need to be sure you have all of the tools you need. Online credit card processing is crucial. No one is going to send you a check in the mail. A payment gateway is important to have so the transactions know where to go, and if something happens to the transaction, you can process the cards manually. Keep these key factors in mind when building your ecommerce website.

About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding credit card processingor a payment gateway, look to Merchant Partners.

How Online Credit Card Processing Works

How Online Credit Card Processing Works

You don’t have to know how credit card processing works online in order to operate a successful business. There are many merchants who process thousands of dollars in transactions each month without knowing what is happening behind the scenes. That being said, having a rudimentary understanding of how money travels from your customer’s credit card account to your bank account can be useful. Below, we’ll give you a brief overview that describes the entire process. We’ll begin when someone visits your website and follow the trail of the transaction until your bank receives the money.

What Your Website’s Visitors See

When your visitor arrives at your website, they’ll be able to choose the products they wish to purchase. By clicking on the appropriate link, they’re transported to a page on your website where they can enter their credit card information. The shopping cart that you’re using should calculate any taxes or shipping fees. Once your customer has filled in the necessary fields (address, phone number, etc.), they can validate their purchase decision by clicking a “Submit Order” button.

Preventing Fraud At The Gateway

Before the transaction and the accompanying credit card information reach your merchant account’s bank, they must go through a payment gateway. At the gateway, the transaction is checked to ensure its validity. This includes making certain that the credit card number is correct and verifying the address and CSV code (normally found on the back of the credit card) to prevent fraudulent activity. If the customer’s credit card is deemed invalid, a message is sent back to your website to alert the customer. If the credit card is valid, the transaction continues to the merchant account.

On The Way To The Merchant Account

The payment gateway transfers the money for the transaction from the customer’s credit card account to your merchant account’s bank. You don’t actually have possession of the money (yet). Once the money arrives at your merchant account’s bank, it’s held there.

Payment Notifications

If the transaction is completed without issue, a message is sent to your website that notifies the customer. This message confirms to your customer that her credit card was charged for the appropriate amount and the transaction was processed successfully. Most merchant accounts are set up to also send an email confirmation to the customer. From your perspective (as a merchant), you’ll be able to see the new transaction payment immediately.

Into Your Bank Account

The last step in the process is to receive the money into your bank account. The money is currently held at your merchant account’s bank. Assuming that your merchant account is in your name (or the name of your business), you’ll receive the money within a few business days. It’s transferred automatically according to the agreement you signed when you established your merchant account.

A Smooth Process

The credit card processing system initially seems complex, but each step is refined to minimize fraud while making the transaction flow as smoothly as possible. Your customers usually won’t be aware of what is happening behind the scenes. The only thing they’ll see is a confirmation that their transaction was processed or a message letting them know their credit card was declined. On your end, you may need to reconcile the payment data from your merchant account with your own database. But, that can usually be accomplished by a simple download once you’ve programmed your system to import and merge the information.

Credit card processing plays a critical role in your online store sales. You now have a broad understanding of how that process works.

This article is brought to you by PaySimple, a leading provider of echeck processing services.

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