Transaction processing When a customer pays with their credit card, there are different ways in which this payment can be processed. The choice of processing method is not just about cost. It also depends on the kind of purchases being made. People paying for access to a website, for example, will expect immediate approval so they can see the site straight away. Security options Different services will offer different levels of data security, which means protecting information sent over the Internet from being intercepted or seen by third parties.
Many services make a host of e-commerce services available.
In addition to processing credit cards, they might also offer accounting services, shopping carts and more. All of these will add to the cost, but may provide enough convenience to justify the expense, especially if the retailer is uncomfortable with making the necessary website changes needed to integrate all the different elements of an online store. Well, that's our final introduction to merchant accounts. For more detailed information, watch out for more material in our newsletters.