Online Payments and Secure Payment Gateway

by: Caroline Blair<br /><br /><div align="justify">There are three types of online payments done on the web. There is the shopping cart/online order form, the Internet merchant account facility and lastly, Secure Payment Gateway. A shopping cart/online order form is a type of tool that is used to facilitate the entire selection activity of the consumer. Simply put, the consumer will be selecting a number of items from the catalog and then using the shopping cart/online order to place all purchases. <br /><br />The Internet Merchant Account Facility is used to basically receive all online credit card payments manually. The merchant would have to re-key all customer&#39;s credit card numbers into the EFTPOS facility, but the drawback of this system is that the transaction isn&#39;t done in real time. <br /><br />And then there was Payment Gateway. Secure Payment Gateway is ideal for e-commerce because all credit card transactions are done and authorized on real time. Secure Payment Gateway, can complete the transaction and make payments directly to the merchant&#39;s bank account. <br /><br />However, with online payments and secure payment gateway, there is usually a number of fees to be done like set-up, annual and the per transaction charges. <br /></div><br /><br /><br /><em>(Caroline Blair, a native from Boston, has effectively lectured on the &ldquo;Importance of Secure Payment Gateways to today&#39;s web wondering Entrepreneur&rdquo;and has deemed a significant amount of praise for her contribution to Cambridge Business Students by raising the bar in terms of Risk Management Modules and e Commerce importance)<br /></em>