Internet Merchant Accounts

Internet merchant accounts are used for businesses that process over the internet and are now made available by CGMS Somewhat similar to keyed merchant accounts, there is some security risk as the customer is not face-to-face with the merchant during transactions. Still, the lucrative nature of online sales makes internet merchant accounts a worthwhile necessity. Merchants may integrate a gateway payment system into their website. Customers place orders via the website’s shopping cart and are directed to the payment system when they choose to finalize the purchase in their shopping cart. The credit card information is then verified and processed by the gateway payment system.

Credit card payment processing now through internet merchant accounts

Merchants may also use a virtual credit card payment processing terminal to process transactions for the customer. The merchant manually enters customer transaction information (credit card number, name and address, address verification, and transaction amount) into the virtual terminal. This is often useful to the merchant that receives e-mail and phone orders in addition to website orders. Even merchants that normally utilize shopping carts in conjunction with gateway payment systems sometimes process transactions through a virtual terminal if necessary.

Due to the volume of internet merchants and customers, internet merchant accounts are a secure and dependable necessity for processing sales over the internet. Does your business require an Internet Merchant Account? When at CGMS, you can be sure of receiving the best support and assistance for your transaction processing needs. Our Merchant accounts will help you realize the benefits right away!