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Gateway

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Gateway 0 out of 50 based on 0 voters.


A payment gateway is a service that is provided to online retailers and other businesses which use ecommerce. Credit card information and details between the customer, the merchant and the processor is protected by payment gateways. If credit card numbers are not protected, other users can use them to buy goods and services illegally. The merchant/cashier keys in the credit card number and the payment is processed by the merchant bank directly or through a…
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Marketing

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Marketing is what individuals and businesses use to identify customers, understand their needs and wants, attract them, satisfy these needs and wants by enticing them to buy using different marketing strategies. This also includes retaining the customers for repeat business so they can keep on buying and spread word around to other potential customers. Businesses, corporations and government agencies are using ecommerce to purchase goods, pay suppliers and service providers. Marketing has become a major…
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Merchant Account

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Merchant Account 0 out of 50 based on 0 voters.


A merchant account is a bank account opened by businesses, which accepts payments from customers who pay using credit cards and debit cards. The merchant bank is the acquiring bank which pays the merchant. The merchant may have a bank account in the same bank as the customer or a in a different bank. There is an agreement between the bank and the business that the bank will honor the credit/debit card payments. There are…
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Credit Card Processing

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Credit Card Processing 0 out of 50 based on 0 voters.


There are many credit card processing companies today who make shopping from websites, smart phones and online and offline stores very easy. Efficient credit card processing services are offered when businesses accept payments from different types of credit cards. This increases sales to high levels because shoppers can purchase goods and services anytime wherever they are. This has made shopping very easy and convenient. Transactions can be processed at the retail outlet, online even in…
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Transaction

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In business, there are many different transactions which take place from time to time. The transaction between a customer and a merchant brings in a sale and profit. Businesses therefore make profits by interacting with customers and selling to them goods and services. A transaction starts when the company buys products to sell to the customer. The products are displayed on the retail outlet for the customer. This may be a supermarket, a candy shop,…
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Ecommerce

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Ecommerce 0 out of 50 based on 0 voters.


Electronic commerce has become a very important part of business today. Some of the online companies have emerged as a result of internet access including web design and hosting, blogs and online stores. Other companies were in existence before the internet and have been converted to online businesses. A merchant buys and sell to make a profit. Today merchants have advanced to online buying and selling, marketing, delivery, payments, inventory management and communication. The internet…
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