To start processing payment card transactions you need:
A payment processing terminal, a physical device or software. Merchant account, the service that payment processing companies offer to enable you to accept electronic payments. Checking account to receive deposits.
Specific for processing online transactions are the following requirements:
A functioning web site with a valid secure server certification. Shopping cart, our virtual terminal is compatible with all major shopping carts. Online payment gateway, the online equivalent of the point of sale (POS) terminal facilitates the transfer of information between your website and your Processor or acquiring bank, quickly and securely.
A chargeback occurs when cardholder disputes a credit card transaction that is posted on his account. Click here to see a diagram of the process. The most common reasons for chargeback resulting disputes are:
PCI (Payment Card Industry) refers to a data security standard that Visa and MasterCard established in order to create common industry security requirements. It regulates the: