Posts Tagged ‘credit card transaction’

How to Receive Payments for Your Online Sales

April 23rd, 2012

When you decide which products you want to sell to the
Give you the Internet and the online store use in
Their products, next vital decision shows that you
take is to understand how your customers will pay you.
What ever you want to sell online, accept credit card
Transaction is a must! A total of 90 percent of all online sales
occur by payment by credit card.

There are two ways to e-commerce features, can add to your
Web site:

First Having your own merchant account

Second Using third-party processors

What is a Merchant Account?

A merchant account is a special type of bank account where the funds
received credit card transactions are first routed to the
Special account is kept and will be before you again
Business Account. You need an online merchant account
as “card not present merchant account”.

With the merchant account is, in fact, the first step
Processing of credit cards online. You also need a payment
Gateway. A payment gateway is a service of the statement made available to
Processor, the real-time line allows authorization
Operations. The payment gateway to work they need, with
compatibility with your shopping cart. Three top payment Gateway
Providers are AuthorizeNet (http://www.authorizenet.com/)
Verisign (http://www.verisign.com/) and USAePay
(Http :/ / www.usaepay.com/). All the payment gateway provider
their own solutions. Most commercial banks are now working with
Partner payment gateway provider and are perfectly capable of
Providing a market solution.
» Read more: How to Receive Payments for Your Online Sales

Preventing Online Credit Card Fraud With Bank Identification Numbers

January 30th, 2012

With fraudulent credit card holders trapping unexpectedly, the database of the Bank Identification Number, or BIN database has proved a very useful tool. It helps to put an end to fraud with credit card transaction. The tray is in the first six digits of your credit, debit, prepaid or gift number, which will be used to facilitate any transaction that you could be achieved by it.

The number stands for by the bank and the card issuer for validation before the transaction. Therefore, if your customers use their card to buy things from you, the tank is the simplest tool that will help you the card and the issuer is the same. Such a BIN can successfully correlate customer purchases and can also have instant approvals. But it is crucial to an updated database and BIN are authentic, so that customer information can be checked to prevent fraud through credit cards.

Factors responsible

BIN database can be used effectively to combat credit card fraud, under certain conditions. Some of them include the following.
» Read more: Preventing Online Credit Card Fraud With Bank Identification Numbers