What is a credit card gate?
Credit Card Gate is one of the elements of a set of electronic trading software packages that allow online shoppers to pay for goods and services with visa, MasterCard, Discovery, American Express or ATM Debit Card. The shopping cart is provided by the host of the host that can run anywhere from $ 50 to $ 100 per month or more depending on the functions. The customer clicks on the "Checkout" button or "Buy" when you complete the shopping and is transferred to the page generated by a secure server. A credit card is located on this server. All data transmitted between the secure server and the customer's computer are encrypted and decrypt only at the target point. Before starting negotiations, a secure server will pass on the authenticity of the customer's authenticity to verify its legitimacy and identity. There are some problems with the press certificate, the browser warns that the customer will not continue the transaction.
Assuming this "handshake" goes well, the customer then adds the name, address and information about the credit card and clicks on "Send" or "Send". Information is encrypted by the browser and then sent to a secure server and decrypt upon arrival. Software protocols in the credit card gate use the information provided to check the availability of funds and to ensure that the credit card does not expire, lose or stolen. It only takes a second. When the transaction is approved, the customer's confirmation is generated and the funds are transferred to the supplier's bank account.
Companies that offer credit card gate usually charge a trader for certain fees. These are very different, but the following is an example of fees that could arise:
- Single settings: $ 200 - $ 600 (USD)
- Safe transactions (monthly): $ 15 - 30 $ $
- technical support + fee forManagement (monthly): $ 10 - $ 15
- percentage fee from each sales (volume/dependent on card): 2.5% - 3.5%
- Transaction fee for each sale: $ 0.25
- Monthly minimum quotient/fee: $ 15 - 25 $
“Monthly minimum” fee only pays if percentage fees + transaction fees for a given month does not equal or exceed the minimum amount. The percentage fee of each transaction varies depending on the card used and sales volume generated by a trader. High volume sales reap lower percentage fees. In fact, this fee is called a discount rate , which can be confusing because it is a fee.
Credit cards are often associated with electronic trading packages, but can also be offered separately. Some companies remove certain fees and at the same time charge more for others, or fees can be much less in all areas. Strongly discounted gates can sacrifice a customer service to a merchant or mFrequent downtime or other considerations, so thorough research is recommended.
For those interested in electronic trading website and credit card gate without time to explore or settings, a reputable company for designing websites is the answer. With basic information about the products you want to sell and how much you want to offer, she builds a suggestion that will cover everything from the host package after design and functionality. They will also configure the shopping cart to integrate with the Credit Card gate, and provide your website a professional look that is likely to increase sales.
A cheap alternative to a credit card gate for smaller businesses is a service such as PayPal or Ibill, which provides an integrated shopping cart/gateway for easy online purchase. There are no registration fees, monthly fees or minimums and transaction fees are modest.