Credit Card Processing System Development

Online Credit Card Processing is necessary for any business trying to sell over the Internet

Online Credit Card processing is the most convenient way for the customers to pay for their purchases over the internet. Every year, the amount of money going through online credit card payments doubles. During the 1st quarter of 2004, e-commerce transactions in the United States done through just Visa branded credit and debit cards reached $22.3 billion.

What it takes to do online credit card processing?

The main thing is to have an Internet Merchant Bank Account where the funds will be transferred to and a bank account with a payment processor. The most popular and widely used payment processors are VeriSign and Authorize.Net. There are smaller processors: NPC VirtualPay, Paymentech, Cardservice International, Terra Payments, and Lynk Systems.
Once Merchant Account is established, it is still necessary to connect your e-commerce software to the payment processor’s system. That can be accomplished using a variety of tools. Most of the time, it is VeriSign Payflow Link or VeriSign Payflow Pro. Other connectors can be used, depending on the specific processor. Implementing the link to the processor’s system is not very tricky, but it requires some experience. This is where MS Team could help you to develop the missing piece of software. We have integrated a number of e-commerce systems to different credit card processing systems. Just outsource us the work and think it’s done!

Is there a simpler solution to do credit card processing?

Because establishing and maintaining an Internet Merchant Account is associated with a number of financial requirements and risks, this way of getting the payments online may be not applicable for every small business or individual. However, some payment processors provide similar services without creating a Merchant Account. They will charge a higher fee per transaction, and it will be more expensive on the long run. But it is still a good simple short term solution. PayPal is one of the most popular and easiest to use payment systems that can be used by small businesses or individuals.

Consider getting professionals to have it done

There is more in it, like Third Party Payer Merchant Account method or strict security requirements we have not mentioned yet. If you need to develop an e-commerce system or simply looking for ways to add credit card processing, consider consulting our experts and getting a free quote. We have the experience and talent to deliver what you are looking for. See other sections of this site: “Business Management Systems”, “Microsoft Server programming”, “Crystal Reports and alternative solutions”, and “Silverlight Development” to get a better overview of the services we provide.