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If you are an online merchant, your rates will automatically be higher. Credit card companies charge more for online merchants because they perform non-present transactions. In other words, the customer is not physically present when making the purchase, so you do not have a signature. Therefore, the risk to you and to the credit card companies is much greater. The five things you will need for building your internet business are a Web site, a merchant account, a payment transaction device, a secure server connection, and a virtual shopping cart. With an Internet business, your Web site is your connection to customers, so having a site that is attractive to the user and easy to understand is key to your business. Unfortunately, many banks will not give you a merchant account if you are solely doing business on the Internet because they believe this type of business to be high risk. Therefore, when looking for a merchant account, you may need to seek out a third party provider. But watch out for high, unnecessary fees. When selecting a payment transaction device for your Internet business, chances are you will have three common options: * You may choose to have a device in your office, such as a point-of-sale terminal, so that you can simply enter the transaction over the phone lines. Or you could just as easily call your transactions in over the phone if you choose this option, and avoid buying a terminal altogether. However, if you have a high volume of business, this option may be unrealistic. * Internet software allows you to process your transactions over the Internet, typically by filling out a form online. There are many choices for this software, but in most cases, you may need to rent the software on a monthly basis. * Real-time processing is a service provided by Internet companies such as AuthorizeNet and Cybercash. With this method, your virtual shopping cart interfaces with the real-time credit processing company, and immediately completes the transaction. Since this type of processing takes place automatically when the customer places his order, this is the ideal method if you have a large volume of Internet sales. A secure server connection allows your customers to shop from you without having to worry about fraud. If you do not have a secure server, very few people will buy from you because payment information could be easily intercepted by computer hackers. When you have a secure server connection, your customers are actually routed to a different computer that encrypts the payment information, thereby protecting you and your customers. A virtual shopping cart is software that allows customers to place product orders for multiple items on your Web site. This software calculates and totals orders for your customers, and also provides several added features, such as receiving the ordering information from your customer, verifying your customer

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โˆ™ 2007-11-16 08:14:47
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Q: How do you set up your account so that you may accept credit card payments via the Web?
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Related questions

Does Chase on line accept credit card payments?

Chase online does accept credit card payments. You must set it up through their paymentech program. This starts by applying for a merchant account in order to proceed.


How do you accept credit card payments?

In order to accept credit card payments from your business, you would need to open a merchant account with a credit card acceptance company. The merchant account will provide you with a solution for taking credit card payments as well as settling those transactions so that the money that you are owed can be taken from the customer and deposited into your business account. For more information on taking cards as a form of payment see these resources:


How can one set up a business to accept credit card payments?

In order for one's business to accept credit card payments, one needs to open up a merchant account. A merchant account can be setup either with a bank, PayPal, or an independent sales organization.


Can you close your credit card account and continue to make payments?

No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments


Can you pay state tax with a credit card?

Most states will accept credit card payments.


How can one accept credit card payments on their websites?

Credit card payments can be accepted on websites by either creating a merchant account or using a third party merchant. A merchant account is opened through a bank. The most common third party merchant for credit cards is Paypal.


What is the purpose of an eCommerce merchant account?

An eCommerce merchant account is a payment gateway for businesses doing transactions online, primarily using credit cards. The merchant account with the credit card company, such as Visa, is what allows the business to accept credit card payments online and have them processed.


Where can free software be found to allow a company to accept credit cards?

Several websites offer services where a company can accept credit card payments for free. The Site Wizard is one site that will guide one on how to accept credit card payments on their website.


Does Capital One accept credit card payments online?

Absolutely. Capital One does in fact accept credit card payments online. They have a whole section on their webpage dedicated specifically to online bill pay.


How do I set up an Internet merchant account to take payments for my crafts?

One of the easiest and most widely used methods is PayPal. You can sign up for a business account which will allow you to accept credit card payments online.


How do websites accept credit card payments?

Websites accept credit card payments through companies that offer payment and transactions processing services. The company processes payment, takes a fee and forwards payment to the company.


How would a company be able to accept credit cards online?

Many sites offer easy ways to accept credit cards online. Intuit is known for accounting software and offers setup for online credit card transactions. Another simple and easy way would be to sign up for an account through PayPal as having an account with them allows you to accept credit card payments from others.

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