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Credit Card Processing

Studies show that credit card customers spend 2 1/2 times more than customers who only carry cash. Accepting credit cards can increase sales by as much as 40%.

Sponsored by PaynetSystems,Inc
www.paynetsystems.com
A Credit Card processing and Merchant Services provider
Paynet Systems is a registered Merchant Service Provider of Wells Fargo, NA

Thursday, October 20, 2005

Methods of Processing through Credit Card Processing

Credit card processing is one of those things that can make or break a business, especially if you're trying to establish a B2C (business-to-consumer) presence on the Internet. Unless you have some sort of monopoly on your particular product, you had better have the ability to take credit cards. But credit card processing didn't start because of the World Wide Web. Internet sales are hardly the only place where a business might need to take a credit card. On the contrary, in the small-to-medium business space, there are perhaps half a dozen different uses of a credit card, and most of them have little to do with the general consumer.
You get all three methods of processing transactions through the system:
1. Virtual Terminal - allows you to manually process mail and telephone credit card transactions, as well as issue credits, just like a real physical terminal, but with the added flexibility of letting you access it from any Internet connection in the world.
2. Simple Integration Method - allows you to link your web site to the system in order to accept credit card payments from customers in real-time with complete automation.
3. Advanced Integration Method - provides a mechanism to link more complex web sites with the transaction gateway server, requires custom programming.

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