Online Payment Security
If you are new to online business, it will be best to outsourced credit card processing. PayPal is the best example of credit card processing outsourcing. Now manufacturers are using this service do not have to worry about buying or leasing credit card processing machines. In addition, they do not have to create an account, because it is the gateway PayPal.
More established businesses tend to opt for the high risk credit card processing solutions in the home. There are two main ways of accepting credit cards online, real-time processing and processing delayed.
Processing Real-time
The great advantage in real time processing of credit cards is that there is no delay in the process of purchasing. The customer immediately knows if the procedure went. This method is particularly effective for companies selling a download, such as audio, video or e-book. Once the credit card is authorized, the client may download the product. Real-time processing satisfies the need for instant gratification. If you are looking for automation, real-time processing is for you, this requires more complex to install than deferred treatment, but as soon as it was created, credit cards are processed quickly, efficiently and above all automatically.
Real-time processing simplifies the sale on the Internet so that customers get instant feedback. For example, if they have entered a wrong credit card number, the transaction will fail and the client will be notified immediately. Declined credit card transactions immediately reported back to the buyer.
Secure payment gateways or high risk gateway provider are the most important components of the real-time processing because they provide a secure connection between your website and your merchant account. Some of the largest providers of secure payment gateway authorize Net and VeriSign.
Payment through a secure gateway operation
- Your customer adds an item to the cart.
- Connection enters safe mode, and the client is obliged to complete the payment information. The client browser encrypts the data between the server and the client computer.
- The site sends the encrypted payment information to a secure payment gateway.
- Payment gateway sends the encrypted payment information to purchase bank account provider.
- Acquiring bank sends the payment information to the client’s bank account.
- Bank customer responds to the request for payment. It either approves or rejects the accusation.
- Payment gateway has received a response and sends it to the manufacturer’s website.
- Order completed or not the message is sent to the customer.
Please keep in mind that the above process is a very simplified version of the process. The entire transaction is described above should be taken at least ten seconds
