Morris and Miller
Greater New York City Area
Morris and Miller
Greater New York City Area
Morris and Miller
Ilse Cooper,William Cooper,Greg Crane,Gregory B Crane,Morris and Miller,Matthew and Marks
Introduction To Ecommerce
Many people new to websites and/or ecommerce are confused at the in and outs of ecommerce.
The Basics - How Funds are Collected
Ecommerce simply refers to the practice of shopping online.
Merchant Accounts
A Merchant Account is a special type of account specifically for online retailers.
Payment Gateways
A payment gateway serves as the front end to your merchant account, allowing you to manage funds, transactions, and the like. It also serves as a connection between your website and your merchant account. It takes data submitted via your secure order forms and presents it to your processing bank. The processing bank then approves or declines the transaction and sends its response back to the payment gateway. The payment gateway then turns around and provides this data back to the merchant for appropriate handling of the transaction. A payment gateway, then, does not offer services such as merchant accounts or shopping carts, although some of the larger-known gateways do provide such options as value-added services.
Most gateways will provide instructions on how to interface with their servers from your web store. Most gateways offer two methods of integration.
Many gateway providers can get you set up with a merchant account at the same time as the gateway. So, in most cases, you do not need to sign up for them separately.
Conclusion
Hopefully this has given you a brief introduction to how credit card payments are processed on the internet.
Ilse Cooper
William Cooper
Greg Crane
Gregory B Crane
Morris and Miller
Matthew and Marks
http://www.qedmediagroup.com
Internet Marketing SEO