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Secure Payment Gateway
It is important for
all businesses to have a merchant account. With the merchant account
comes the payment processing solution that comprises the payment
gateway. With a payment gateway, you are provided with security
in business and online businesses. It is through the payment gateway
that sensitive information is encrypted to facilitate the secure
transfer of information between the customer and merchant.
Credit Card Transactions is a company that provides your payment
processing solution comprised of your merchant account, secure
payment gateway and the peripherals associated with merchant
accounts. With the online
payment gateway that Credit Card Transactions provides you,
your customer first has to submit an order or provide encrypted
data about their credit card. This information is encrypted by the
web browser to reach your web server.
The merchant then has to forward details about the transaction
via the electronic payment gateway which in turn forwards the information
to the merchant’s acquiring bank. This bank then issues the
information to the customer’s credit card bank for verification.
On receiving the authorization request, the bank sends a response
to the payment gateway which in turn forwards it to the website.
Though a lengthy process, this process takes only 3-4 seconds. The
payment for the transaction is thus verified and approved for the
merchant and customer.
It is up to you to contact Credit Card Transactions for the right
payment processing solution
for you. Not only does Credit Card Transactions provide your payment
processing solution, they also provide you with the right payment
gateway and the necessary instruments needed to run your establishment.
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