It is important to do your homework up front, Lippe says. That translates into at least six months that you have to wait to take your own business online. A lack of integration among these e-commerce elements presents another major problem, Lippe says. Therefore, it is critical for you to ensure that your software, clearing service, and bank are linked to each other before taking your online payment system live. Still another big problem that arises is that many merchants don't know exactly which company provides their commerce engine.
Banks use different account setups for each commerce engine type.
Therefore, an account might not work properly if you have it associated with the wrong commerce engine company when you set it up. Get a company that can perform checks on the credit cards to authenticate the user and cut down on possible fraud. It compares the address provided online with the cardholder's billing address. Use a negative database. Negative databases are filled with credit card numbers that are possible risks.