Accepting Internet Credit Card Payments
To capture service of the Internet with a entire ECommerce solution, a merchant's website must be able to capture and way secure online payments. In order to capture credit card payments online, merchants demand to have an Internet Payment Service and a Merchant Credit Card Account.1. The Internet Payment Service enables the merchant to capture online payments from their customers and securely way these payments from a merchant's Web storefront through the existing system of financial institutions and credit card processors.
2. The merchant's acquiring financial school provides the merchant with a bank account that enables the merchant to capture , way, and deposit payments from their customers, and delivers regular reporting based on these transactions.
Some ecommerce terms and related topics
SSL
(pronounced as separate letters) Short for Secure Sockets Layer, a protocol developed by Netscape for transmitting private documents via the Internet. SSL uses a cryptographic system that uses two keys to encrypt data − a public key known to everyone and a private or secret key known only to the recipient of the message. Both Netscape Navigator and Internet Explorer support SSL, and many Web sites use the protocol to obtain confidential user information, such as credit card numbers.By convention, URLs that require an SSL connection start with https: instead of http:. Another protocol for transmitting data securely over the World Wide Web is Secure HTTP (S-HTTP). Whereas SSL creates a secure connection between a client and a server, over which any amount of data can be sent securely, S-HTTP is designed to transmit individual messages securely. SSL and S-HTTP, therefore, can be seen as complementary rather than competing technologies. Both protocols have been approved by the Internet Engineering Task Force (IETF) as a standard. Also see SSL: Your Key to E-commerce Security in Webopedia's "Did You Know...?" section.page impression
The exact number of times a specific Web site has been accessed or viewed by a user. A page impression acts as a counter for Web pages, informing site owners how many times their sites were visited. Page impressions are also referred to as hits.Anatomy of a Credit Card Transaction: The Basics
For a bigger understanding of a credit card transaction, the consequent is a step-by-step breakdown: from the customer making a purchase using ECmerchant to the merchant receiving an authorization on the value request. This not only shows who is involved in this path , however it will highlight some considerations in choosing an Internet value supply and establishing a merchant credit card account.
Once the merchant account is in settle with an acquiring financial school the merchant will desire to understand how money will be moved from the customers' accounts to the merchant account. The best path to appreciate how an Internet merchant gets paid is to follow a typical credit card transaction path . Fully automated from end-to-end, in most cases it takes just seconds to entire.
-
1. A customer visits a web site, using average web browser software,
and fills her ECmerchant shopping cart.
2. The customer and ECmerchant exchange details online regarding addresses, delivery and final value.
3. ECmerchant then displays the 'BUY' button to the customer, and a transaction is initiated.
4. The customer clicks the 'BUY' button, prompting ECmerchant to mail and electronic invoice.
5. ECmerchant provides transaction details in a form or the shopper's browser automatically opens her online wallet, allowing her to select a value instrument.
6. An encrypted charge value message is sent to ECmerchant.
7. When the server software receives the value message, it adds merchant identification data.
8. The value request is encrypted and forwarded to gateway server hosted by an ECommerce value supply corporation.
9. The gateway server decrypts the message and authenticates customers' data and merchant validation.
10. A message is sent over secure, private financial networks to the merchant's bank or authorized processor requesting charge approval.
11. Once the request is processed, a positive or negative response is sent back to ECmerchant and on to the customer.
12. If the transaction is authorized, a digital receipt is delivered, and the transaction is entire and captured.


