Believe it or not, you can’t simply create a webpage and magically take credit card payments when you want somebody to join your one time or recurring membership site. You have to use an additional service that will take credit card payments for you and tell your membership software that you need to let somebody into your site. But which one should you use? It seems like there are hundreds and there are new payment processors popping up everyday so which one should you use?
A payment processor is the company which is appointed by the merchant to handle the transactions of credit card for merchant acquiring banks. This company is accountable for handling the routine transactions from the payment gateway to the debit/credit card company and coordinates the settlement payment of merchant funds. While the payment processing is the service and process that automates the payment transactions amid the merchant and shopper. It is generally a 3rd party service which is actually a system of various computer processes which generates, verifies, declines and accepts the credit card transactions on behalf of the merchant by means of internet connections. The processor companies are generally broken down into 2 types:
We need to have a payment processor in order to withdraw our earnings from the internet. That is why I have informed my readers about the importance of an online account. You need to have enough experience with online payment processors in order to make successful transactions using the internet. There are lots of payment processors processing payments for their users. They are having lots of merchants and doing great business with them.