issmat asked:

SmartSwipe is the dream child of a young entrepreneur from the city of Regina in the Province of Saskatchewan, Canada. He plans to revolutionize the current online payment process used by millions of online shoppers when conducting online credit card transactions, and replace PayPal as the number 1 trusted method of making online credit card purchases. For an in-depth review of the technology and its applications, visit: www.yourworldtoday.ca

Crystal

Lawrence Fine asked:


Since I opened my PayPal account, I have noticed that it is much easier to make online purchases. Not only are there more sellers who will sell to me (many small sellers do not take credit card transactions) but the sales also seem to be processed faster.

When I first started a PayPal account, I was pretty suspicious. You see, I have known people who have been scammed over the Internet, so I don’t really trust new forms of electronic transaction very much. I didn’t really know if a PayPal bank account would be secure, and I was worried about trusting my financial information to a business that I didn’t know that much about. Nevertheless, I was working as a freelance writer, and having PayPal accounts made things much easier. There were some clients, in fact, who wouldn’t pay except through PayPal.

Several months later, I have seen how much of a difference having a PayPal account makes. Before the invention of PayPal, the credit card was the ultimate form of convenience. If you had a credit card account, you could buy basically anything from anywhere. Nowadays, PayPal accounts have become the standard – particularly for online buying and selling. There are many merchants who only work through PayPal.

There’s a good reason for this. There are quite a few advantages that a PayPal account has over a normal transaction. With PayPal buying and selling, neither party ever gets the other party’s financial information. You don’t have to give out your credit card number, or your PayPal password. Basically, PayPal handles the transaction for you. This is even more secure than a credit card account.

Although it has been helpful for my online business, it has helped me with other things as well. I used to be afraid to buy something over eBay using a credit card. After all, I didn’t know enough about the seller. For all I knew, he could have been scamming me. The few transactions that I did make were pretty slow. I don’t know why, but for some reason it always seemed to take longer than it should to do credit card transactions online.

I still need to use a credit card for some purchases – particularly from major online stores – but it is less important than my PayPal business account for buying things online. I figure that, in a few more years, it might become the main way that people do business over the Net.

Ecommerce Solutions

Paypal is great for shopping carts for businesses of all sizes, too. Simply upgrade your account to a business account at no extra charge, then place Paypal Buy Now buttons on your websites. Or set up an entire shipping cart system with a third party script or source like 1Shoppingcart and accept membership subscription payments and allow shoppers to buy a variety of items and check out with your Paypal account.

Paypal’s Virtual Terminal allows an affordable manner of keying in credit card transactions, to, avoiding heavy fee-laden bank operated and third party merchant accounts. Excellent customer service also supersedes outsourced operators who lack expertise in your account solutions, too, another big bonus with Paypal.



FRED

Me asked:


i want to purchase something of the internet of a prepaid debit card you buy at the store ,but i dont know if i can, because most stores online ask for a credit card not debit card. will a prepaid debit card work as a credit card?

HOUSTON

DTS Web Solutions asked:


Many of us have used credit cards to make purchases online. It is important to understand how the online credit card processing works, how having a merchant account can enhance your chances of increasing sales, and the importance of SSL certificates.

Merchant Accounts:



Increase sales: According to Visa International, of every $100.00 spent by consumers, nearly $40.00 is in a form other than cash or check. Plus, the average credit card purchase is considerably larger than cash. A Merchant Account is the quick, easy way for these customers to pay.



 



Get paid, fast: Make the move to credit card transactions and start receiving payment within 24-72 hours.





 



Increase credibility! A merchant account means you’ve passed the approval process necessary to accept credit cards. It gives your customers confidence.





 



Cut paperwork! Why spend your valuable time processing checks? Instead, have proceeds from all your business’ transactions deposited directly into your banking account.



 



Reduce risk! Automate your transactions and take any hassle out of your sales. Visitors to your site want the convenience, flexibility and security that credit cards offer. They want to spend!



 

The followinng is a brief description of how the process works:

1. Customer’s Credit Card:

Provides the funds needed for the transaction. All authorized cards are processed in the same way, regardless if they are credit or debit.

 

2. Shopping Cart:

Serves as a collection point for necessary information including credit card data, product type and quantity, shipping information and more.

 

3. Gateway:

Securely transfers encrypted data from the Shopping Cart to the Merchant account, screens for fraud and authorizes the transaction.

 

4. Internet Merchant Account (Processor):

Verifies the credit/debit account for the necessary funds. Approved transactions are processed and the funds are placed in a Checking Account.





5. Checking Account:

Receives and holds the money gained from approved online sales. Funds can be withdrawn at any time through an ATM or at your local bank.

 

The Importance of SSL Certificates:

People are getting smart about online security. More and more of them are looking for the padlock icon and “https” prefix in the address bar of their browser before submitting personal information online. If your Web site doesn’t have an SSL Certificate, visitors may leave before making a purchase, creating an account or even signing up for a newsletter.

 

About the Author

DTS Web Solutions is a Low Cost Domain and Hosting Company that provides a variety of services ranging from Domain names to hosting, SSL Certificates, and other high quality business solutions. For more information visit:http://www.dtswebsolutions.com/

 





GARLAND

Jessica Miller asked:


Credit Card fraud is one major worry for the booming online shopping portals, given a choice, 90% of online stores at some point of time would prefer a different mode of payment than a credit card, because in a Card-Not-Present scenario, an online merchant suffers the most if a fraudulent card is used by a shopper. 

But isn’t this mode of payment the most convenient of all other forms of payment, if only basic safe-guards are exercised by a merchant, a credit card is the most ideal and handy mode of payment than a money transfer, check or e-payment facility.

This article will shed some light on how best a merchant can organize and observe a few measures that will to a large extent prevent him from being conned, by fraudulent credit card transactions resulting in chargeback and revenue loss to his online business.

As a first step, sign-up for an online security service provider who can screen credit card transactions on a merchant website before forwarding it to payment gateways for processing the card, these service providers have access to updated databases through which it can be easily determined if a fraudulent credit card is being used.

Apart from the access to databases that have updated inputs on identity thefts, the Merchant Risk Management Service provider also check other parameters of the transaction that include,

IP address of the customer Global Address Validation Mapping the customers computer or device used for the transaction Match the proxy server through which the customer is logged in with the billing address entered for the transaction Generating an instant report for the transaction, and sending an alert to the merchant in case of fraudulent representation.

These preventive measures adopted by merchants, will to an extent eliminate online credit card fraud and increase the growth potential of e-commerce businesses.



KENNETH

Kristy1 asked:


There is a one common way to do online transaction that is credit card payment, still one thing comes to understand that how credit card processing works most of us are quite mystified.

Whenever a trade store cashier swipe your credit card throughout credit card fatal, the subsequent procedure takes place: credit card and payment details are sent by electronic means to merchant’s acquiring bank, which contacts credit card issuing bank; in case transaction is accepted, money are deposited on the merchants account. A merchant require having a merchant account and a compensation gateway account in order to set up credit cad handing out in his store.

When you do an online credit card transaction there are lots of things that you perform. The virtual store that you would like to buy from will inquire for your name and credit card number. The online credit card transaction arrangement will confirm whether or not the credit card is owned by the name specific. This step is in fact not obligatory since not everyone uses their own credit card, and the name is most of the times written on the credit card well.

Individual sort of business I have individually set up with QSR is a drive- from side to side ice cream store.  My mercantile client treasured the enlarged speed of the transactions.  He did not require bending out of the serve window and handing the customer a receipt and pen to sign.  He simply handed a receipt to the customer all along through their buy, that customer then throng away and my merchant client was on to handling his subsequently customer!

The customer does still obtain a receipt. The credit card company do motionless need that every consumer using their credit card does collect a receiving for their credit card transaction.



JORGE

wickamos asked:


I am making a website for someone who wants to accept payments online. The group already has a merchant account, so they can perform the credit card transactions by hand. They just need a secure service that will store the credit card information for later access. We don’t have a secure server, and would like to find a 3rd party service that can do this for cheap (or even free!). The group is a non-profit, if that makes a difference.

DARRYL