Accepting payments through credit cards from your customers is one of the most essential components of business, today. It is even more important if you are running an e – commerce business on the net. According to reports, more than 95% of the people prefer the credit card payment mode when they have to purchase online. Without the capability to accept credit cards, your business will be choked to death before you realise it. Therefore, if you are the owner of a business, no matter how small it may be, then you should apply for a merchant account without wasting any more time. Once you have decided to process credit cards, then you need to set up the infrastructure for this purpose. Before you make your choice of the merchant account provider and the web host you should spend some time and find out which kind of account will best suit your business. Once this is done then you need to shop around for some time comparing the costs and quality of various providers. The process of getting a merchant account for your business is not such a simple process, after all and requires you to put some effort. The consequences and cost of choosing the wrong type of account is terrible.

Some of the minimum requirements for processing a credit card are:

1)    Shopping Cart – You should find out if the shopping cart provided to you can be properly integrated with you payment gateway. This is very important because any leaks will cause you to be exposed to fraud. There are several payment gateways available in the market. Each gateway comes with its own standards. Most of the shopping carts which are available for free will not support many of the payment gateways that are available.

If you want to accept orders and send or receive crucial credit card data through email, then you better use some encryption technologies. PGP is one such technology that is reliable and it means “Pretty Good Privacy”. This is the most commonly used technology for encryption of emails. It encrypts mails before sending them and decrypts them at the receivers end.

2)    Firewall – if the customer’s data and the credit card information are stored on a server in your company, then you have to ensure it is not hacked. You should have firewall’s protecting your servers which has the vital information. Many firms have compromised their customer’s information by not implementing a robust firewall. If you cannot do it by your self then take some expert help to implement the right one.

3)    Secure Payment Area – This is needed to protect sensitive data from being hacked while the transaction is being completed. Credit Card Fraud and Identity theft are increasing every day and therefore you have to implement this technology to protect your customers. Consumers don’t prefer to make purchases at sites where there is no security provided. Therefore, keep in mind that if your site is hacked just once then consumers will not do business with you. 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.