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How an Internet Merchant Facility works

 




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Internet merchant credit card facilities came into being as more and more trade was being done over the internet and credit cards were seen as the most convenient method of payment. An internet card facility means that the cardholder and his card need not be present at the time that the payment takes place.

By now all economically active people are familiar with the credit card machines used for processing credit cards in shops and doctor's rooms all over the world. However, trade is increasingly done over the internet and not in the traditional face-to-face method.

With a business cheque account, internet access, and an internet merchant credit card facility provided by the bank of choice, a bona fide business can now receive payment online, without the card being present, and with minimal admin.

Two options are available, depending on how the business has been structured. An interactive website can be set up allowing the card holder to access a secure payment gateway and make the payment from his credit card.

Alternatively the customer can give authority to the company to debit the amount owed to it from his credit card. In this case it is the business which accesses the secure payment gateway and processes the transaction.

Both methods provide cardholder and business an efficient, simple means of effecting a transaction even if they happen to be in different countries with different currencies. Because of the range of internet merchant card processing products available, any number of business types can make use of an internet merchant facility where the cardholder cannot be present.

For a detailed description of available internet merchant card processing products please contact PayGate on 086101020172

Date Posted: 2011-02-03
Posted By: PayGate Payment Gateway
Listed under these Business Listing Categories: Financial services, IT Services & Products,

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