Online Credit Card Processing

The ability to shop from the comfort of home is one of the biggest perks consumers have discovered since the creation of the Internet. As technology provides new advances that promise secured transactions, ease of use, and convenience, more and more companies are finding that their businesses grow exponentially with the ability to take debit or credit cards as payment online from these excited customers.

The old adage, ‘time is money’ rings true in this case. Being able to shop anytime that is convenient (even before a store opens or after they close), to have products delivered directly to your doorstep, or having a larger selection of products available at your fingertips, have all become driving factors in the success of online shopping.

Growing Need for Online Processing

Starting an Internet business is easier and more cost effective than ever with minimal start-up fees and marginal overhead on a continuous basis. However, the need to accept credit cards online for both Internet based businesses and brick and mortar businesses is vital in securing their success.

People are busy, plain and simple. And, the extra steps involved in having to send payment through the mail for a product (writing a check, filling out a written order or payment form, putting it in an envelope, putting a stamp on it and actually placing it in the mail) causes more than 85% of consumers to cancel their transactions. The numbers are understandably less for brick and mortar businesses that can provide near instant gratification as long as there is a location near them.

How it Works

Online credit card prcessing involves the utilization of an Internet Payment Gateway through virtual shopping carts—both for Internet and brick and mortar web-sites.  This gateway should offer real-time payment authorizations on every transaction. It should also have the capacity to run any manual entries securely through an established online transaction terminal. This type of processing fulfills the demand for speed and convenience, while maintaining a high level of security.

Benefits of Online Credit Card Processing

Here is a list of some of the benefits of online credit card processing:

• Real-Time Transactions: Credit or debit cards processed and approved or declined almost instantaneously.
  
  
• Business Expansion: For businesses with no retail or few retail locations, an online merchant account opens the doors to conduct business all over the world without the cost or expense of opening stores or offices in a vast number of areas. Can attract a broader clientele.
  
  
• Virtual Shopping Carts: If a shopping cart is available that provides online checkouts, the likelihood of customers completing a transaction significantly increases.
  
  
• Increased Sales: Consumers are shown to spend an average of 25% more per transaction when online debit or credit card processing is available.

Which Online Credit Card Processor is the Best?

Creditcardprocessing.tv is a unique review site that has been developed to assist merchants in determining which credit card processing company makes the best fit for their business.  At the top of this page are our reviews of the three online credit card processing companies that ranked highest in their field.  Our reviews are based on site uptime (the amount of time the system is up, running and available for use), fee schedule—including cancellation fees and per transaction fees, length of contract, and percentage rates.