|
Payment services provide the means to securely transfer
customer payment information from your online store/shopping
cart application to a verification center that can determine
the validity of the payment information and the availability
of funds. Some of these service providers like Online
Data Corp, simplify the process of setting up a
payment processing solution by incorporating a merchant
account with their payment services. A merchant account
is a bank account established to receive the proceeds
of online payments. By establishing a merchant account,
the merchant bank agrees to pay the merchant for valid
online purchases in exchange for the right to collect
on the debt owed by the consumer.
Some businesses may already have a merchant account
for their land-based retail business and may want to
use that account for their Internet transactions, but
it
is against Visa/MasterCard regulations to process Internet
transactions through your retail account. Due to this
restriction, another merchant account needs to be setup
for Internet transactions.
Need to set up a payment
processing solution for your Web site?
Please click
here to find out how to get instant merchant account
approval and secure payment gateway setup through Online
Data Corp.
|
Domain
Registration 
