How to set up credit card processing for your business

Getting setup understanding credit card processing to make your choice starting a successful business – especially an online business – it means to be able to process credit cards. However, a better solution can be difficult. This article discusses the various types of credit card processing solutions and offers a good list of resources to help you are looking for credit card processing providers.

Method 1: First Setup

Setting the gateway account: This is your door to the digital commerce there are several to choose from, but look for the following features in your high risk gateway provider


  • Compliance with PCI DSS. This ensures that the gate meets the Payment Card Industry Data Security Standard.
  • SSL (Secure Socket Layer protocol), to ensure that transactions are protected. Any self-respecting services gateway will have it.
  • It has full integration of e-commerce, including carts, email receipts and supporting periodic payments. This will allow you to sell your products on the Internet, as well as in your store if you decide to go this route.
  • Generation of reports. This allows you to track sales and trends.
  • Fast customer support. Whether it’s by phone or online chat, you want to be able to solve problems quickly.
  • Some popular gateway service providers include:
  • Flagship Merchant Services
  • Intuit Merchant Services

Setting up a merchant account: Some of the gateway service providers include commercial services, but you can search around and find the best option for you to get an offshore merchant account. Here are the functions for search:

  • Digital applications and installation time. When it was time to go into business, you want to get started as soon as you can, with the least amount of hassle and documents. Most applications take one to two days to process.
  • Monthly fee and commission transactions. Business services make their money on each transaction. Interest differences may be small, but if they can make a significant number of transactions, these small differences can increase substantially.
  • Credit Card Swipe. This is necessary for POS operations.(In some cases, it is now possible with the help of smartphones.)
  • Virtual Terminal. It is necessary for online transactions.
  • Shopping carts. In order to sell products, online e-commerce some credit card processing companies require their shopping on their site.
  • Payment Gateway. Do they have their own gateway service there or Partnership?
  • Protection against fraud. They must have address verification, SSL, and the CVV-that the 3-digit number on the back of your credit card.
  • Some popular gateway service providers include:
  • Flagship Merchant Services
  • Commercial warehouse
  • National cards


Method 2: Understanding credit card processing

Understand the system: Credit card processing provides secure transfer of funds from the bank account card holder’s trading account to pay for goods and services received.

For this to happen effectively, the operations go through the payment gateway. A payment gateway is a service that verifies and authorizes all payments of the account. This includes traditional brick-and-mortar operations, as well as sales of online transactions.

  • The customer pays. The goods or services that are purchased by credit card, this is the beginning of the process.
  • Authorization is checked. Payment Gateway Service sends the transaction data to the processor merchant bank, which, in turn, sends the transaction data to the owner of the bank.
  • The transaction verified. Bank cardholder either approves or rejects the transaction, and then sends this information back to the credit card processor, which in turn transmits the information to the cardholder and the merchant.
  • The goods are delivered. Given that the card has been approved, the merchant delivers the goods to the cardholder.
  • The operation is completed. The buyer’s bank sends the necessary funds to the processing of credit card network, which directs funds to the seller’s bank, and the transaction is settled.