FAQs

Tired of browsing to learn about credit card processing online? Read below for answers to some of the most common credit cards processing questions and doubts.

Why do I need to accept credit cards?
Credit card processing feature is really worth in increasing sales and adding credibility to your business. Your customers are likely to spend more with a credit card in hand. Further, credit cards processing is more efficient and faster than other payment processing methods. Your customers will confide more in you if you accept credit cards as such a business is considered legitimate by virtue of being endorsed by credit card associations. You can also be saved in case of vandalism for not having cash on hand.

Is it safe and secure to do credit card processing online?
Yes, it is absolutely safe to do credit card processing online for you and even your customers. However, you must ensure that the credit cards processing company uses advanced Secure Socket Layer apparatus, which transfers credit card details and data from your ISP in an encrypted manner. This guarantees that no one intercepts your transaction.

Will I receive a statement for the transactions processed?
Yes, all credit cards processing companies provide reporting services of all transactions. You can choose to receive a monthly or a weekly statement for all your activities. Alternatively, you can also request online transaction report, providing minute-by-minute details to confirm payments.

Do I need a business license to get approved for credit cards processing?
Not necessarily. Unless you are a corporation, a business license is not a mandatory requirement. However, a license does help to speed up the process.

How will I be protected from fraud?
Credit cards processors use various methods for security. Address verification, real time processing, SSL data encryption, three digit CVV2 number, etc., all help in combating fraud.

How are chargebacks handled?
If there is any error in payment processing, the transaction is sent back to the processor. You will then be informed of the problem, and you have the liberty to either accept or dispute the charge back.

What will happen in case I do not possess good credit history?
In case you are requesting to process below $5000/month in your credit card orders and your average order is below $250, availing credit is not a problem as long as you are not in the state of bankruptcy.