Accepting Online Payments
Whether you choose to do Real-time or Offline (Batch) Transaction Processing you will need to open the following accounts in
order to receive and process payments:
- Checking account
- Merchant account
- Payment Gateway account
After the above accounts have been opened, you are ready to configure the new E-commerce Web site to work with the accounts to
accept payments from online customers.When selecting providers for your Checking account, Merchant account, and Payment
Gateway account, you need to be sure that the different companies are compatible with each other. Not all Merchant accounts
and Payment Gateways will work together. If you are unsure about the e-commerce software you are working with, most of this
information is available on the specific vendor’s web site or by contacting them.
Merchant account providers:
- PayPal
- Check with your local bank
Payment Gateway providers:
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