Tuesday, November 6, 2007

Credit Card Processing

An Internet connection is pivotal if you are thinking of have an online gateway for receiving credit card payments.

Not only is it necessary, but also there are many benefits from having an online credit card processing gateway. This is usually done by way of a virtual terminal. A gateway is provided by a secure provider to connect you with your nominated bank account.

However, be wary of processing fees, setup fees and ongoing monthly account fees. You must factor these costs into the margin between costs and sales for your products/services.

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