Questions a business entrepreneur must ask when choosing a merchant service – SMTP server

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a) Secure SMTP server Certification – When a user enters credit card information; it has to be sent via an encrypted text form to the host SMTP server of the website.  This will prevent interception of data and unauthorized decoding. 

b) Order form – This is a form on your website where customers will input their personal and credit card information. 

c) Gateway – Gateway is a channel where processing, authorization and merchant service management will take place.  The gateway transfers the customer’s vital information to the processor where it is processed and paid to your account. 

d) Shopping cart – This is a software that allows your online business to have be equipped with an e-commerce store.  Here, purchases will be calculated automatically for you.  However, it is vital that the gateway be compatible with the shopping cart. 

e) Merchant service account – Real time processing of the online payments cannot take place unless you have a connection in place with the merchant account.  Te merchant account enables the customer to submit payments where they will be sent to the merchant account for processing, authorizing, capturing and settling the whole transaction. 

Are there any other ways to accept credit card payments?

Most small businesses outsource receiving credit card payments to third party businesses.  The third party is responsible for collecting the customer data and processing all payments.

Deferred payment processing websites is another option for small businesses.  Here, a customer enters data but it does not go through gateway.  Instead, the data is sent to you manually where you can scrutinize and correct where necessary.  This process is cumbersome, time consuming, and is not very popular.

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