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    ted to a payment gateway. In essence, a payment gateway is an interface that facilitates the transactions between the financial networks and your website's virtual POS. Payment gateways allow real t
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    While the word e-commerce has been in circulation for some years, some retailers still have no idea what it is. For a better understanding of the term and the processes involved in taking your business to the next level, this article will discuss the internal workings of the world of online processing.

    It starts out with acquiring a merchant account. Unlike offline businesses, online merchants do not have the luxury of having a physical point-of-sale terminal to start processing their sales. What they have instead is a software that enables them to accept purchases and payments. A virtual shopping cart lets the buyers check-in what they intend on buying. The upside to this modern function: it lets the buyer think their purchases through first.

    The shopping cart is connected to a payment gateway. In essence, a payment gateway is an interface that facilitates the transactions between the financial networks and your website's virtual POS. Payment gateways allow real ti

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    ess to the next level, this article will discuss the internal workings of the world of online processing.

    It starts out with acquiring a merchant account. Unlike offline businesses, online merchants do not have the luxury of having a physical point-of-sale terminal to start processing their sales. What they have instead is a software that enables them to accept purchases and payments. A virtual shopping cart lets the buyers check-in what they intend on buying. The upside to this modern function: it lets the buyer think their purchases through first.

    The shopping cart is connected to a payment gateway. In essence, a payment gateway is an interface that facilitates the transactions between the financial networks and your website's virtual POS. Payment gateways allow real t

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    chants do not have the luxury of having a physical point-of-sale terminal to start processing their sales. What they have instead is a software that enables them to accept purchases and payments. A virtual shopping cart lets the buyers check-in what they intend on buying. The upside to this modern function: it lets the buyer think their purchases through first.

    The shopping cart is connected to a payment gateway. In essence, a payment gateway is an interface that facilitates the transactions between the financial networks and your website's virtual POS. Payment gateways allow real t

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    irtual shopping cart lets the buyers check-in what they intend on buying. The upside to this modern function: it lets the buyer think their purchases through first.

    The shopping cart is connected to a payment gateway. In essence, a payment gateway is an interface that facilitates the transactions between the financial networks and your website's virtual POS. Payment gateways allow real t

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    ted to a payment gateway. In essence, a payment gateway is an interface that facilitates the transactions between the financial networks and your website's virtual POS. Payment gateways allow real time transactions – including authorization, processing and management. It is one of the factors that allows online merchants to receive credit card payments. Be aware though, that having access to a payment gateway does not mean you would be able to automatically receive payments. The transactions have to be routed through financial institutions.

    This is where the merchant account comes in. A merchant account is your key to receiving online payments (such as paperless checks and credit cards). It is a type of bank account granted to merchants by acquiring banks. Merchants have to go through an approval process to obtain said merchant account.

    Note that different banks have different requirements for its merchant applicants. Those in the high-risk category (adult industry,

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