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At some point most companies choose to augment their current revenue by adding eCommerce capabilities to their current website or by opening a completely new website for eCommerce. Here are the FOUR ESSENTIAL REQUIREMENTS to process credit cards with a complete eCommerce website.
WEBSITE
Your website is where customers can some to view your products and educate themselves about your products and services.
SHOPPING CART
A shopping cart is basically a database interface that allows the website to keep track of the items the visitor has selected for purchase.
PAYMENT GATEWAY
At some point the website shopper will make the decision to CHECKOUT and finalize the purchase. This will entail entering confidential personal and financial information such as credit card numbers. When the customer is entering this information, it will appear to him that he is on your WEBSITE but in reality he will be entering this information directly into a SECURE PAYMENT GATEWAY.
MERCHANT ACCOUNT
Once the customer clicks the CHARGE CARD button on the PAYMENT GATEWAY, the transaction will be securely routed into the banking system through your MERCHANT ACCOUNT. Provided the transaction is approved, the MERCHANT ACCOUNT will handle the funding (deposit) into your checking account.