There are many eCommerce websites on the Internet, and it is important to know what you need to do to allow your customers to pay through your site. The way you accept credit card payments through your eCommerce website will depend on a few different factors. Depending on the type of online store you have, the payment options available may vary. However, most eCommerce stores follow one basic payment option, and that is through a process called PCI DSS compliance.
PCI-DSS compliance is a group of payment gateway security measures designed to help ensure that credit card transactions are 100% safe and secure. When you accept credit card payments on your website, you will be using a payment gateway. This third-party company acts as a liaison between the customer and the payment processor like your eCommerce store. The payment gateway validates the identity, and the financial security, of both parties. This allows them to ensure that only the correct person is making the payment and that the right amount of money has been paid out.
Payment gateways do this by performing many functions. First, they check the identity and financial security of the person submitting the payment. They perform a background check to make sure that the person
is who they say they are. They also verify that the person has the card in their wallet. Most importantly, the payment gateway verifies that the payment is being made through an authorized account – usually the merchant’s account.
Once a customer’s identity and financial security have been verified, the payment gateway will accept the transaction and then complete the transaction. In most cases, this transaction will be done through credit card or e-check. This is because it is a safe, simple way for an eCommerce store to accept online payments. Credit card transactions are usually instant, which makes them convenient.
Some eCommerce stores have used their payment processing software to accept online payments automatically. If you have an existing merchant account and wish to accept online payments, you can easily add the software to your shopping cart. It is important to note that accepting online payments through software is usually more expensive than manually adding it. However, automatic software usually provides a higher rate of acceptance and more efficient customer service. Automatic software also allows for less stress and hassle when customers do not have access to change their minds after purchasing.
If you want to know how to accept online payment with an eCommerce website, all you have to do is sign up for an account and follow the steps in the Accepting Online Payment procedure. It does not take long to get everything set up, and you can immediately begin accepting online payments. The best thing about accepting payments via eCommerce is that you do not have to deal with any extra software or hardware. Your business will run seamlessly from point A to point B, no matter what products or services you are selling.