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If you are doing business on the worldwide web and need to accept payments, there is no change in how the credit card system works ... you just need a means for capturing the credit card information and submitting it to your processor. Obviously, your customer won't be able to swipe his or her own card or provide it to you physically, so he or she will simply enter the credit card data. You have security issues that you will need to discuss with a person experienced in web-payment issues and technology, and you will want to decide whether the data will come to you and then you will manually submit the order information to your processor, or whether you want to incur the expense of equipping your site with the capability of automatically submitting orders to the processor for approval and payment. Talk to the person that designs your website as well as your processor.
This article originally appeared in The Business Owner Journal, the periodical of choice for owners of small and midsize private businesses. All rights reserved, D.L. Perkins LLC. © 2010.
This publication is intended to provide general information on the subject matters covered. It is sold and distributed with the understanding that neither the publisher nor any distributor or advertiser is engaged in providing legal, tax, insurance, investment or other professional advice. The advice of a qualified professional should be sought before any reader applies a concept presented herein to his or her particular situation or business.
D.L. Perkins, LLC is solely responsible for this content.
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