There are four ways you do credit card processing on the web.
Decide which method is more appropriate for your business. Due
to the flexibility and features, real-time processing is best
for about 90% of all businesses wanting to do credit card processing,
unless you are a retail store, then the terminal processing
might be more appropriate for you.
most popular & flexible method of credit card processing
for businesses on the web is real-time processing. This type
of merchant account will process and charge your customer's
credit card information automatically by working with the
ordering system you have chosen (Shopping Cart, Order Forms,
etc.). Since the whole process is automatic, and you have
access to a virtual terminal on most systems, this is the
most effortless method available. The virtual terminals allows
you to enter a person's information manually via an online
secure form to accommodate phone orders. It is an ideal credit
card processing solution.
Processing - For Retail Stores!
method is more suitable for retail stores or businesses that
will have the actual credit card in person to swipe on a terminal
machine. It is quick and efficient. All that is required is
a swipe of the credit card through the machine and it is completed.
You are also able to enter the numbers of the card manually
via the keypad. It is only an ideal credit card processing
solution for retail stores
least popular method of credit card processing is with a computer
software program. It is very similar to a terminal, but you
are able to enter the customers information, and credit card
number to process the order via your computer. You are not
able to swipe the card, and the numbers must be entered into
the software that is installed on the computer. If you have
access to a computer, then I suggest the real-time processing
as most of them come with a virtual terminal. The only advantage
by going this route, is you can store all of your customer's
information in the program for easy recurring billing.
newest type of credit card processing available today, is
wireless via a terminal machine via a wireless network.