Draft:Understanding Online Payments - Revision history

Dohtur: Redirected page to X-Cart:Understanding Online Payments

2012-12-24T21:31:45Z

Redirected page to X-Cart:Understanding Online Payments

Dohtur at 00:14, 20 December 2012

2012-12-20T00:14:38Z

Dohtur at 22:44, 19 December 2012

2012-12-19T22:44:06Z

Dohtur at 22:43, 19 December 2012

2012-12-19T22:43:14Z

Dohtur at 22:17, 19 December 2012

2012-12-19T22:17:05Z

Dohtur at 10:00, 21 November 2012

2012-11-21T10:00:43Z

Dohtur at 09:46, 21 November 2012

2012-11-21T09:46:50Z

Dohtur: Created page with 'In order to accept credit card payments online, you need: # An Internet Merchant Account (IMA) # A payment gateway There are two methods for acquiring an IMA and a gateway. They…'

2012-11-21T09:46:02Z

Created page with 'In order to accept credit card payments online, you need: # An Internet Merchant Account (IMA) # A payment gateway There are two methods for acquiring an IMA and a gateway. They…'

New page

In order to accept credit card payments online, you need:
# An Internet Merchant Account (IMA)
# A payment gateway

There are two methods for acquiring an IMA and a gateway. They are: 
All-in-One Payment Solutions - IMA and gateway are bundled together 
Payment Gateways - Mix and match your IMA and gateway

To attract customers who prefer not to use credit cards online, it's easy to offer alternate payment methods, such as PayPal. Typically all that’s required for this is an account with the service provider. 
Alternate Payment Methods

==All-in-One Payment Solutions==
With an all-in-one payment solution your IMA and gateway are acquired from a single vendor. This option is beneficial if you want to:
* Manage just one vendor for all online payments
* Get all of your support from a single source
* Use easy-to-access reporting for all payment methods
Integrate only one application on your website back to top

==Payment Gateways==
Payment gateways combine separate IMA and gateway providers. Consider this if you already have a physical store presence with IMA capabilities from
your existing bank. A payment gateway allows you to:
* Keep your existing IMA as you expand online
* Connect a compatible gateway with your existing IMA
* Retain the same gateway if you change IMA providers back to top

==Alternate Payment Methods==
Because of credit card fraud and identity theft concerns, some customers are uncomfortable providing their credit card information on new websites or any that are unfamiliar to them. You can service those customers by accepting alternate payment methods like PayPal. With this option, many businesses — especially new or small businesses — find they can:
* Increase sales on their site. Customers can select an alternate payments provider that they already trust.
* Reduce shopping cart abandonment.
* Add flexibility for their customers. Customers can pay without sharing personal and credit-card information with businesses.

← Older revision		Revision as of 21:31, 24 December 2012
Line 1:		Line 1:
		+	#REDIRECT [[X-Cart:Understanding_Online_Payments]]
		+
	In order to accept credit card payments online, you need:		In order to accept credit card payments online, you need:
	# An Internet Merchant Account (IMA)		# An Internet Merchant Account (IMA)

@@ Line 7: / Line 7: @@
 A payment gateway is needed to move the money between your shopping cart and the banks or credit card companies involved with the transactions.
-There are two methods for acquiring an IMA and a gateway. They are '''All-in-One Payment Solutions''' (IMA and gateway are bundled together) and '''Payment Gateways''' (Mix and match your IMA and gateway)
+==All-in-One Payment Solutions and Payment Gateways==
 With an all-in-one payment solution your IMA and gateway are acquired from a single vendor. This option is beneficial if you want to:
@@ Line 20: / Line 21: @@
 :* Retain the same gateway if you change IMA providers
 Because of credit card fraud and identity theft concerns, some customers are uncomfortable providing their credit card information on new websites or any that are unfamiliar to them. You can service those customers by accepting alternate payment methods like PayPal. This brings us to '''Alternative Methods of Payment'''. With this option, many businesses — especially new or small businesses — find they can:
 :* Increase sales on their site. Customers can select an alternate payments provider that they already trust.
 :* Reduce shopping cart abandonment.
 :* Add flexibility for their customers. Customers can pay without sharing personal and credit-card information with businesses.

@@ Line 7: / Line 7: @@
 A payment gateway is needed to move the money between your shopping cart and the banks or credit card companies involved with the transactions.
-There are two methods for acquiring an IMA and a gateway. They are:<br />
+There are two methods for acquiring an IMA and a gateway. They are '''All-in-One Payment Solutions''' (IMA and gateway are bundled together) and '''Payment Gateways''' (Mix and match your IMA and gateway)
 With an all-in-one payment solution your IMA and gateway are acquired from a single vendor. This option is beneficial if you want to:

@@ Line 8: / Line 8: @@
 There are two methods for acquiring an IMA and a gateway. They are:<br />
-<u>All-in-One Payment Solutions</u> - IMA and gateway are bundled together <br />
+* '''All-in-One Payment Solutions''' (IMA and gateway are bundled together) <br />
-<u>Payment Gateways</u> - Mix and match your IMA and gateway
+* '''Payment Gateways''' (Mix and match your IMA and gateway)
 With an all-in-one payment solution your IMA and gateway are acquired from a single vendor. This option is beneficial if you want to:
 :* Manage just one vendor for all online payments
 :* Get all of your support from a single source
 :* Use easy-to-access reporting for all payment methods
-Integrate only one application on your website back to top
+:* Integrate only one application on your website
-==Payment Gateways==
+Payment gateways combine separate IMA and gateway providers. Consider this if you already have a physical store presence with IMA capabilities from your existing bank. A payment gateway allows you to:
 :* Keep your existing IMA as you expand online
 :* Connect a compatible gateway with your existing IMA
-:* Retain the same gateway if you change IMA providers back to top
+:* Retain the same gateway if you change IMA providers
-==Alternative Methods of Payment==
+Because of credit card fraud and identity theft concerns, some customers are uncomfortable providing their credit card information on new websites or any that are unfamiliar to them. You can service those customers by accepting alternate payment methods like PayPal. This brings us to '''Alternative Methods of Payment'''. With this option, many businesses — especially new or small businesses — find they can:
 :* Increase sales on their site. Customers can select an alternate payments provider that they already trust.
 :* Reduce shopping cart abandonment.
 :* Add flexibility for their customers. Customers can pay without sharing personal and credit-card information with businesses.

@@ Line 8: / Line 8: @@
 To attract customers who prefer not to use credit cards online, it's easy to offer alternate payment methods, such as PayPal. Typically all that’s required for this is an account with the service provider. <br />
-<u>Alternate Payment Methods</u>
+<u>Alternative Methods of Payment</u>
 ==All-in-One Payment Solutions==
@@ Line 24: / Line 24: @@
 :* Retain the same gateway if you change IMA providers back to top
-==Alternate Payment Methods==
+==Alternative Methods of Payment==
 Because of credit card fraud and identity theft concerns, some customers are uncomfortable providing their credit card information on new websites or any that are unfamiliar to them. You can service those customers by accepting alternate payment methods like PayPal. With this option, many businesses — especially new or small businesses — find they can:
 :* Increase sales on their site. Customers can select an alternate payments provider that they already trust.
 :* Reduce shopping cart abandonment.
 :* Add flexibility for their customers. Customers can pay without sharing personal and credit-card information with businesses.

@@ Line 2: / Line 2: @@
 # An Internet Merchant Account (IMA)
 # A payment gateway
 There are two methods for acquiring an IMA and a gateway. They are:<br />