The popularity of online shopping continues to rise. And as consumers become more comfortable with using payment cards to make purchases on the Internet, merchants enjoy an exciting opportunity to expand their business. In today’s Internet business, e-commerce means, accepting credit cards on-line.
A merchant account makes e-business simple. Increase sales, cut paperwork and reduce risk – our partner Dice 7, Inc., authorizes credit card purchases, process them and deposit the proceeds into your account. It’s simple!
Step 1: The merchant submits a credit card transaction to the Payment Gateway on behalf of a customer via secure connection from a Web site, at retail, from a MOTO center or a wireless device.
Step 2: The Payment Gateway receives the secure transaction information and passes it via a secure connection to the Merchant Bank’s Processor.
Step 3: The Merchant Bank’s Processor submits the transaction to the Credit Card Interchange (a network of financial entities that communicate to manage the processing, clearing, and settlement of credit card transactions).
Step 4: The Credit Card Interchange routes the transaction to the customer’s Credit Card Issuer.
Step 5: The Credit Card Issuer approves or declines the transaction based on the customer’s available funds and passes the transaction results, and if approved, the appropriate funds, back through the Credit Card Interchange.
Step 6: The Credit Card Interchange relays the transaction results to the Merchant Bank’s Processor.
Step 7: The Merchant Bank’s Processor relays the transaction results to the Payment Gateway.
Step 8: The Payment Gateway stores the transaction results and sends them to the customer and/or the merchant. This communication process averages three seconds or less!
Step 9: The Credit Card Interchange passes the appropriate funds for the transaction to the Merchant’s Bank, which then deposits funds into the merchant’s bank account.
Open your business 24 hours, 7 days a week all year. You could be making money while you sleep with e-commerce enabled website. With the tools Mouse Media and partner Dice 7 provide, your business can take advantage of the a fast purchasing trend over the internet. No matter what industry or size of business, having the ability to process online electronic purchases is essential
Get started today!