Credit Card Processing

Credit card is an essential component of online business. It facilitates a pleasurable shopping experience for buyers. Ideally, credit card processing method ensures fast business transaction and security for the buyers and sellers. For credit card processing, a fee is charged by credit card provider. The service provider acts as an intermediary in credit card transaction processing. It validates credit card numbers and expiration dates and obtains authorization from the credit card issuers. At the end of the payment transaction, confirmation numbers is sent to the taxpayers

Credit card processing can be done via two modes i.e. offline processing and online (real time) processing

1) Offline Credit card processing
Offline credit card processing is not instant. It basically operates on batch processing method and thus is suitable for low volume transactions. Transactions are grouped together and then processing is done at physical location

2) Real Time Credit Card processing
It automatically processes credit card orders and authorization is done immediately. It is suitable for big merchants conducting high volume of transactions that are meant to be processed instantly.