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What is the purpose of an eCommerce merchant account?
An eCommerce merchant account is a payment gateway for businesses doing transactions online, primarily using credit cards. The merchant account with the credit card company, such as Visa, is what allows the business to accept credit card payments online and have them processed.
Which payment processors use credit cards?
Most payment processors will accept credit cards. All online ones like PayPal, Google Checkout or Authorize will accept credit cards. For offline ones you have to look at their terms of business to see if they accept creditcards.
What does credit cards processing mean?
Credit card processing describes the payment and acceptance of a credit card for payment of goods and services. The merchant usually sends the credit card number to the issuing company through an electronic terminal. The issuing company then sends a code back instantly either allowing payment to be received or declining payment.
How long after a payment is made to your credit cards does it take to reflect on your credit report?
Depending on when in your billing cycle the payment was made and what the company's reporting policy is, I would say generally between 30 to 60 days.
Where can one find software for processing credit cards online?
There are many different online websites that have software for processing credit cards online. A few of these websites include Chase Payment Tech, MerchantWarehouse, PaySimple, and TransFirst.
