Web Based Merchant Account Banking Systems for Small Business

Online shoppers who give their credit card information over the internet are using a web based merchant system. This system has several key points and tools that are tied together to make the online shopping easy, safe, and secure for customers. With the help of a payment gateway, companies can link their web-sites to their business accounts at their financial institutions and process credit cards. A payment gateway is a web-based company that makes credit card processing possible. There are many payment gateway businesses that can be found by a simple internet search. This analysis observed the payment gateways authorize.net and oscommerce.com to learn how they work.

To get an account with Authorize.net you need several business items:
1. An established business ID or Tax ID.
2. A Business Checking Account.
3. Valid Web-site.
4. Types of products sold.
5. Estimated transaction amounts.
6. Estimated number of transactions.

Once account information has been verified, the web-site is ready to accept credit cards.