Online payment processing can seem complicated, high-tech, but be sure, even the smallest of non-profit organizations can easily process payments on its website. These are the three things that you need to high risk credit card processing…
- A payment gateway – The first thing you need is a payment gateway. A simple way to think of a payment gateway is to think of it as the Internet equivalent of a machine that stole credit cards. A PG authorizes actually a credit card for use in real-time, processes the information on the customer’s credit card, ordering information, etc. Make sure that any payment gateway that you are considering is compatible with your website, especially its shopping cart software. Most payment gateways offer a variety of functions, including the support and protection from fraud and tools (which many nonprofits do not have to worry about anyway) integrals.
- A merchant account – Similar to a traditional bank account, a merchant account is an account issued by the bank that simply allows you to accept credit cards online. It is one of the things that you need to process online payment success. Merchant Accounts simply allow authorized to accept credit cards and manages the back-end to accept payments by banks. If you already have the ability to accept payments online by credit card, then get an offshore merchant account with the only online payment should be relatively simple. Talk to your main bank or financial institution or a third-party payment processor to your merchant account online operation.
- A payment symbol – Refers to a button or a visible link on your web page that users can click if you want to donate money. Put a link to your website is just a matter of copy and paste; the majority of payment gateways and third-party payment systems such as Fashionpay.com can provide you need to properly display the link or the button code. Have your webmaster or designer or whoever manages the back-end operations of its website put the code anywhere on your website.