The Internet represents a tremendous opportunity for your business -- whether you're a budding entrepreneur looking to market and sell your great new idea or a large corporation searching for new ways to increase sales. Selling goods and services on the Internet presents its own set of challenges -- like how to set up and maintain a secure, reliable, cost-effective system for authorizing payment and managing transactions. Credit card processing system is a transaction processing system that functions as a payment service using a secure transaction server on the Internet. Merchants with a valid merchant account can use the system to submit, authorize, capture, and settle credit card or eCheck transactions without the need for a separate transaction terminal or processing software.

Three main methods of processing Transactions are: -

Virtual Terminal
Virtual Terminal is hosted completely on our transaction servers, where merchants simply login using their favorite web browser and perform live transactions using their merchant account. A merchant can enter a transaction manually and Virtual Terminal will process the transaction in real-time just like a physical card terminal would. Web Link: -
WebLink allows a merchant to link their web site to the system in order to accept credit card payments from customers in real-time with complete automation.

Automated Direct Connect
Automated Direct Connect provides a simple and straight forward mechanism to link more complex web sites with the transaction gateway server, including support for the merchant's own custom programming. Unlike virtually all e-commerce providers credit card processing has all the information you need to be successful.

A merchant account is required to accept credit cards. A merchant account is a special account with a bank that is a member of the Visa and MasterCard associations. Such a bank has been certified by Visa and MasterCard associations and can provide you, the merchant, with all of the services related to your merchant account. Once your merchant account is setup and "live" on the credit card system, you can accept credit cards from customers generally as follows:

1. A customer presents their credit card for payment.
2. Using their credit card number, you submit an electronic request to the processing network for "authorization to capture funds" from the cardholder's credit card account in the amount of the purchase. Traditionally, one would submit this request by swiping a credit card through an electronic transaction terminal provided by the bank. With the system, this request is provided electronically to our payment gateway servers, which then route the request along the processing network.
3. The processing network immediately receives your electronic request and determines if the cardholder's account is valid and if the funds are available. If they are, the processing network returns an electronic response to your terminal or computer. This response is called an "authorization code", and is your guaranteed authorization to capture the funds.
4. You print a receipt for the customer using the electronic terminal or your computer and the customer signs the receipt. The transaction completes for the customer but the merchant account holder has to go one more step.
5. At the end of your business day (usually), a final request is submitted to the processing network to go ahead and "capture the funds". This is called "settlement" or "settling your batch". With a traditional physical credit card swipe terminal, this settlement process must be initiated manually. One of the key advantages of our system is that this settlement process is initiated automatically every day on our end.
6. At settlement time, the processing network immediately receives your response electronically and determines if the capture amounts contained in your request match the authorizations for each item. If so, the request is granted and an "Accepted" response is returned to your electronic terminal or computer. A settlement report can be printed showing the grand totals by card type (Visa, MasterCard, American Express, Discover, etc) for the settled batch.
7. Within 48 to 72 hours (usually), the funds associated with the batch you settled are deposited electronically into your business bank account. Typically, the discount rate you pay to your merchant account provider are deducted from the deposit before it transferred to your bank account, resulting in a "net deposit" of funds.
8. At the end of the month, your merchant account provider will mail a statement to you, detailing the credit card activity for the month and the associated fees you have been charged for such.

Credit Card Processing equipment and services and start accepting Credit cards now!