Choose Right Gateway for Your Merchant Account
Merchant Services makes accepting credit cards with a merchant account easy and fast. Credit card processing equipment is available from Hypercom, Nurit, Verifone, Talento, Magtek, RDM and IVI credit card machines are available right now for your small business transactions.
Gateway
The final piece to setting up a merchant account to accept online payment is the gateway that connects you to the transaction clearinghouse. There are three common gateways:
Credit Card Card Swipe Machines
The machinery next to nearly every checkout register in the country. After the card is swiped, an authorization code displays, and is usually printed on a credit card transaction slip. The authorization comes from the clearinghouse that the store's bank contracts with, and it effectively assures valid payment to the merchant when the customer signs on the dotted line. This method is not needed for pure-play dot-com businesses.
Desktop Software
For e-businesses, desktop software can be used as the transaction gateway. Once you receive the credit card number via phone, mail, or email the merchant manually enters the credit card numbers and payment amounts into the computer software, and transmits the list over the Internet to the clearinghouse designated by the bank. In a few moments, the clearinghouse responds with a list of good card and bad cards to allow the merchant to proceed as necessary. This software solution works better than the card swipe machine, but may not work for large volume stores. It also requires re-keying data from each order into your computer, which can lead to user errors and can be time consuming.
Real-Time Web Gateways
There are several payment gateways to the transaction clearinghouse that can authorize and validate credit card payments while the customer is still online. These gateways provide a walkway from your website to a different modem channel to check the credit card status in real-time, a very complicated process if you were to do it on your own from step one. If you wish to use a real time gateway, which is most common with ecommerce shopping cart software, make sure it is compatible with the system you are going to use. Our Commerce shopping carts are compatible with most major merchant accounts, including Merchant Accounts.
To know more, visit
Gateway
The final piece to setting up a merchant account to accept online payment is the gateway that connects you to the transaction clearinghouse. There are three common gateways:
Credit Card Card Swipe Machines
The machinery next to nearly every checkout register in the country. After the card is swiped, an authorization code displays, and is usually printed on a credit card transaction slip. The authorization comes from the clearinghouse that the store's bank contracts with, and it effectively assures valid payment to the merchant when the customer signs on the dotted line. This method is not needed for pure-play dot-com businesses.
Desktop Software
For e-businesses, desktop software can be used as the transaction gateway. Once you receive the credit card number via phone, mail, or email the merchant manually enters the credit card numbers and payment amounts into the computer software, and transmits the list over the Internet to the clearinghouse designated by the bank. In a few moments, the clearinghouse responds with a list of good card and bad cards to allow the merchant to proceed as necessary. This software solution works better than the card swipe machine, but may not work for large volume stores. It also requires re-keying data from each order into your computer, which can lead to user errors and can be time consuming.
Real-Time Web Gateways
There are several payment gateways to the transaction clearinghouse that can authorize and validate credit card payments while the customer is still online. These gateways provide a walkway from your website to a different modem channel to check the credit card status in real-time, a very complicated process if you were to do it on your own from step one. If you wish to use a real time gateway, which is most common with ecommerce shopping cart software, make sure it is compatible with the system you are going to use. Our Commerce shopping carts are compatible with most major merchant accounts, including Merchant Accounts.
To know more, visit
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