What is required To Accept Payments Online?
• A web site where payments can be accepted from • A bank account to accept payments. This provides the destination for funds to be deposited, usually by the next business day. • A Payment Gateway – A Gateway is the link between your Web site and a credit card processing service. • Gateway software takes the place of a card swipe terminal by automatically capturing credit card data off the Web site and securely forwarding it to your account. Your merchant account provider can often bundle this with your merchant account. • A Merchant account – This allows you to process credit card transactions. One of the requirements of processing payments through the Internet is a Secure Payment Page. This page is typically identified by the “s” in https:// instead of http://. A Secure Payment Page ensures your customer that their payment information is being encrypted for privacy before it’s sent over the Internet. If you need a Secure Payment Page, most gateway providers can provide you with a sec