Accepting credit cards

Businesses that sell products need to be able to collect payment from their customers, either they collect it in cash form, check, or charge a credit card. When a business sells a product online, credit cards is the only practical payment form.

How to accept credit cards online?

There are 3 clear cut options to accepting credit cards online, and each has their pros and cons

Merchant accounts + payment gateway
Third party credit card processors
PayPal-type service

To answer the question How to accept credit cards online you first have to answer a few questions about your business. What kind of volume do you expect? How much control do you need over the payment process? How much customization and programming effort can you accept to pay for?

Business credit card processing can be as simple or as advanced as you choose, but it is probably worth it to start from the bottom, or at least with a 3. party payment processor. That way you can “upgrade” to a full merchant account when the volume and/or other business reasons warrent it.

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