Credit Card Machines 101.com: Buying guide to credit card terminal & check reader equipment

$  Credit Card Machines 101.com

Gateway Software for Payment Processing

Payment gateway software sits on a secure 3rd-party Web server and handles transactions between your virtual terminal or ecommerce website and the merchant account provider or bank. The payment gateway processes and authorizes the transaction in real-time while the customer waits. Payment gateways are important for verifying credit card information and checking against fraud.

Payment gateway software is generally leased on a multi-year basis. If you have an ecommerce website that handles sales (instead of a virtual terminal for phone and fax orders), you need to insert code on the secure order checkout page of your website to send transaction information to the payment gateway. You will also need an SSL server certificate that encrypts customer information through an HTTPS:// connection. Leading payment gateway providers include Authorize.net, PayFlow (Verisign) and LinkPoint.

Sellers of credit card machines