DaniWeb IT Discussion Community - Accepting Credit Cards

DaniWeb IT Discussion Community (http://www.daniweb.com/forums/index.php)

- eCommerce (http://www.daniweb.com/forums/forum46.html)

- - Accepting Credit Cards (http://www.daniweb.com/forums/thread19658.html)

Re: Accepting Credit Cards

2checkout is also a great payment gatway that i have only begun to use. I have found that it is a great tool but there is a downside to them is that they will send you a check for your payments on your request. If they had a bank transfer option it would be more better in that regard. But no doubt they provide a great service and the fees arent all that bad.

Re: Accepting Credit Cards

Quote:

Originally Posted by jewboy

To accept credit cards online you typically need the following 3 components:

1. A merchant account: The two largest in the US are First Data/Paymentech and Nova. There are thousands upon thousands of resellers. You should not pay more than 2% of the transaction + about a quarter per transaction + a monthly fee - usually around $20. You will need to pass a credit check, as well as provide the processing bank with proof of financials. AMEX and Discover do not use resellers - you must apply directly. Their rates are about 1% or so higher than Visa/MC.

2. Payment Gateway: The largest is Verisign, then Authorize.net. The gateway acts as a virtual terminal. Your shopping cart will parse data through the gateway to charge or credit the card, or you can do so manually. The gateway also allows implementation of fraud protection features, such as AVS (address vertification system).

3. A shopping cart: There are thousands available. Many resellers of Visa/MC merchant accounts provide free basic carts. Make sure the cart you choose supports your payment gateway. It's more professional and less expensive to host your own shopping cart, rather than run it on a third party server. I recommend choosing a shopping cart that is SEO friendly - as you want the spiders to pick up the content stored in the cart.

I can write a whole book on the topic of accepting credit cards online. Above are the basics you should know to get started.

Very good post Avi, and all quite accurate. I would add to it, however, that a lot of the providers, systems and costs quoted by you only apply to US based businesses. Visa's cross-border acquiring regulations make it impossible for a business entitiy not incorporated in the US to have an acquiring account in the US, and most ACH (online check) providers will not deal with offshore companies either.

Basically, when a company is located outside the US there is an entirely new set of circumstances that apply. There are still plenty of merchant banks that deal with online processing in each VISA determined region, but the costs are quite different. There are a few ACH providers that will deal with offshore companies, but again, the rates are often higher, etc... (....and I could also go on to write a book here. :) ).

Re: Accepting Credit Cards

Quote:

Originally Posted by Sperbonzo

I would add to it, however, that a lot of the providers, systems and costs quoted by you only apply to US based businesses. Visa's cross-border acquiring regulations make it impossible for a business entitiy not incorporated in the US to have an acquiring account in the US, and most ACH (online check) providers will not deal with offshore companies either.

Cardservice will actually support international merchant with a 4% discount rate and a monthly limit of $10,000.

Re: Accepting Credit Cards

Quote:

Originally Posted by Corey Bryant

Cardservice will actually support international merchant with a 4% discount rate and a monthly limit of $10,000.

ah HA! That is True! Thanks Corey, I forgot about that! :)

Re: Accepting Credit Cards

i need a visa and master credit card and billing with the cvv

Re: Accepting Credit Cards

Quote:

Originally Posted by rickross (Post 690341)

i need a visa and master credit card and billing with the cvv

Please feel free to contact me. I would be glad to help.

.

Re: Accepting Credit Cards

i think paypal is a good option to accept money. it is safe and also you have instant access to your account.

Re: Accepting Credit Cards

Since the advent of the Internet, the dynamics of business have changed. Today's companies put forth as much effort to create websites that facilitate business as they do to run the company itself. If your business isn't online, you are at a disadvantage.Having a website enables you to reach a wider audience and far more potential customers.
--------------------------------
johnedwin

Re: Accepting Credit Cards

http://accept-credit-cards-online.com set my website up to accept credit cards. I was approved the next day. My funds are in my bank account in 2 days. They had no set up fees and I was not put under and sort of contract. $15 a month. Well worth it. Lowest rates I could find also.

Re: Accepting Credit Cards

Have you checked out http://www.merchantaccountsllc.com. They offer low rate transactions. Well check it out.