Ignite Payments
learning center

Ignite Payments
* Choosing a Right Credit Card Processor

* A right credit card processor should help you operate a merchant account in a safe and efficient way. To find a credit card processor that understands your business is not so easy. The processor may have problems with your account down the road and may disrupt your business.

You should go for a credit card processor, which has an experience in dealing, handling a sizable number of Internet businesses day in and day out. Your credit card processor should know about Internet commerce and what types of businesses are out there. Then you should be asking yourself whether you have to have a checking account with your bank. All funds get directly deposited into your existing business checking accounts through credit card processors.

The payment gateway is a link between the Payment Processor and your Web site (or the Web site your goods are hosted on). When your customer makes an online purchase, the information from your Web site must be sent through a payment gateway before an authorization is obtained. After the authorization is obtained, the Payment Processor must transfer any funds through the payment gateway.

The shopping cart collects items from your customer, adds up the item's costs, calculates taxes and shipping costs, and provides a total amount to the customer. A payment gateway's function is to collect the purchaser's name, address, credit card number, and expiration date. The payment gateway securely sends this information and verifies that the purchaser has enough funds in their account to pay for products ordered and that those funds may be deposited into the merchant's account.