How do I accept payments by credit card?
Firstly you need some secure method of collecting credit card details
from your customer. Most storefront services or shopping cart software
offers this facility. You then have the option of processing these
details manually, or using an online credit card authorisation system
to process the payments. This is obviously preferable, but there
is an additional cost. Finally, you normally will require a Merchant
Account with a bank or other financial institutions in which your
payments can be deposited. Note that not all Merchant Accounts are
suitable for Internet payments. It is possible to find payment processors
who do not require a Merchant Account, however these companies inevitably
have higher charges.
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