OFFSHORE Credit Card Processing
Software
Let’s first consider what
credit-card processing means and then
move on to its software. Online
credit-card processing is performed by
following steps in order to handle
credit-cards online. This all starts
when a consumer chooses to purchase
something but during this time the
commerce application of the merchant
prompts the consumer to take service
details of the credit-card. This generally includes
shipping information usually. Then the
consumer enters his/her payment details
into the Internet Explorer. Using
payment software in Web Server, dealer
sends encrypted deal to processor in
order to gain authorization.
Authorization is nothing
but a plea to keep track of funds for
procurement. Acquiring processor then
accepts or declines transaction. After
gaining authorization of the
transaction, the next action is to
‘capture’. The capture now takes
details from successful permission and
charges authorized amount to credit-card
merchant facility of consumer. The last
stage in credit-card processing is
‘settlement’ which is the transaction
between acquiring processor and
merchant. Then the web server bonds with
acquiring company to settle
transactions. Lastly transfer of cash
into the bank account of merchant takes
place.
Seven things that you
should know about credit-card processing
software:
Credit-card processing
software permits you to allow your
customers flexible payment options. It
is indeed a reality that many customers
are using credit card facility. You
could obtain forty percent of sales
increase by allowing credit-card pays.
Moving on, you can capture benefit of
the reality that purchasers tend to pay
out more while using credit-cards. Let
us know take a note of seven
characteristics of credit-card software
which would help you settle on which
type of software would best suit you.
Firstly, Upgradable:
Upgradable of almost all
credit-card processing software could be
done frequently through internet. This
feature helps you to offer your
customers with technological solutions
that are up-to-date.
Secondly, well suitable
for several Operating Systems:
Ensure that your
credit-card processing software should
be well suitable for any operating
systems like Windows and Macintosh which
increases its usefulness. Even in the
case you opt to use another system also,
you could use the similar software.
Credit Cards Customary:
The overall idea of
setting up software to process credit
cards is to allow customers with extra
payment options. The whole intention
would go wasted, if your credit-card
processing software cannot process other
credit cards. Ensure that your
credit-card processing software can
process entire credit card pays.
Additional Features:
Several features like
recurring billing, file import, customer
database, and user permissions are
embedded in present credit-card
processing software’s.
Internet Connection:
Software that process
credit-cards need internet connection in
order to send transactions to the
provider.
Additional Hardware:
If your volume of
transaction is very high, extra hardware
can be used in order to balance your
software that processes your credit
card.
Other Features:
Most of the processing
software of credit card is equipped with
authenticating systems in order to bring
down fraud cases. Dealers who use this
software can also track their
transactions since they would be
provided with purchased statements every
month.
Contact
one of our helpful account
representatives to assist you in the
setup of
a
high risk merchant account or
offshore merchant account for a
high risk merchant.