Credit Card Processing Online - Everything You Need To Know About It
Credit card processing online is a process that enables businesses to accept payments from customers via credit cards. The process involves securely transferring the customer’s financial information from their credit card to the merchant’s bank account. By using this method, businesses can easily keep track of all transactions and receive payments quickly. When processing a payment, the merchant will typically require its customers to provide their credit card information, such as the name on the card, the account number, expiration date and security code. The customer’s data is then sent securely to a payment processor for verification and authorization. Once approved, the payment is deposited into the merchant’s bank account. When accepting credit card payments online, merchants must comply with PCI-DSS standards to ensure their customers’ information is securely stored and managed. This includes encrypting data, setting up firewalls and monitoring systems for unauthorized acce...