What's a Payment Gateway

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by: JimmyjohnJohansonsan
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Date: Sat, 27 Nov 2010 Time: 2:34 AM
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Internet Processing

Internet Credit Card Processing requires more security and agressive fraud controls than retail credit card processing because the credit card cannot be verified by swiping the credit card like you do with a retail merchant account. For this reason it's very important to deal with a company that specializes in internet transactions and Internet Merchant Accounts.

An Internet Merchant Account does not require a shopper's signature and has requirements beyond a typical card-not-present or retail merchant account. If you already have a merchant account, you should verify that the merchant account supports credit card payments over the Internet.

Brute Force Attack Protection is probably one of the most important fraud features for preventing massive credit card fraud. Brute force is when someone tries to verify card account numbers by charging a small amount ($1.00) on a credit card just to verify if a credit card is valid. This FREE feature prevents brute force credit card number attacks and detects consumers who attempt to defraud by use of credit card number pattern attacks even if the transactions are coming from multiple locations or using spoofed IP addresses. You can set the number of times you will accept multiple transactions which will stop the attempts.

Recurring Billing Features:

Multiple billing profiles:
Merchants can configure different profiles for products and allow the consumer to select the one that fits their need. For example, your consumers can select to be billed monthly at one rate, or pick an annual fee at a different rate with the electronic billing & invoicing software.

Flexible billing cycles:
The Recurring billing Electronic Billing & Invoicing Software can be configured to bill weekly, monthly, bi-monthly, quarterly, semi-annually, annually, etc.

Different initial and recurring amounts:
Different dollar amounts can be specified for the first billing and subsequent billings. For example, a separate "Signup Fee" and "Monthly Fee" and be configured. Special introductory rates can be set up, or free trial periods offered with the Electronic Billing & Invoicing Software.

Configurable billing terms:
The duration of billing terms can be configured from one time to unlimited.

Automatic rebilling:
Transactions can be automatically retried if not successful. You set the retry interval and frequency and we'll take care of the rest!

Detailed reporting:
Detailed transaction history of your consumers' recurring payments are available online for your review. Also, daily summary reports keep you up to date on recurring activity: how many new subscribers, cancelled subscribers, how many were billed that day, whether a billing was successful or not.

Hosted Payment Services:
The Fast Charge Payment GatewayTM has a variety of customizable payment solutions that allow you to register your clients and process one-time or recurring payments. None of these options require programming on your part as we host the sites for you on our secure gateway servers.

Non-Profit Donation Service:
Start accepting donations from your non-profit web site using this complete donation solution. Your donors can register on the site, process one-time or recurring (installment) payments, view payment history, print donation statements, and much more.

Property Management Service:
Manage your tenant billings using our hosted property management payment solution. Your tenants can process one-time or recurring (i.e. monthly) payments, view payment history, and much more.

About the Author

Takeshiis Kobayakie is an expert in setting up internet payment gateways and a specialist in credit card processing.