I have/want an e-commerce website – how does Internet processing work?
There are 2 ways to process your sales on the web; a fully automated shopping cart website which will process the quantitiy and type of products and calculates a final cost. Then there is the simple and very affordable way which is a page where you can display images of your products and have a developer implement a PayPal button to each product.
Internet payments occur over a multi-step process. 1. Merchant Website – This could be any ecommerce site, Internet store. 2. (Shopping) Cart – A like a shopping cart in a supermarket, the cart collects the items that the shopper of collecting until the buyer is ready to check out, or pay. Ecommerce shopping carts have to ability to count, summarize costs, apply a shipping rate, and any applicable tax rate when the buyer is ready to enter their payment information. 3. (Payment) Gateway – It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant. 4. Host (Authorization & Settlement) – The host provides an authorization or decline message for the transactions with the card account number and/or available balances. The Address Verification System (AVS) and 3 digit verification code (CVV) are also authe
