What does real-time credit card processing mean?
Real-time credit card processing simply means that you can provide a convenient payment option for your customers right at your website. It means your website can accept or decline a payment for purchase of products on your website in real time, that is when the customer is trying to purchase a product. This involves the setup of a payment gateway.
If your website does not have a payment gateway, you can only accept purchases by phone, fax or email and operators manually submit these transactions through a payment gateway on a virtual terminal.
Merchant account providers like creditcardprocessing.com can interface with a payment gateway so that you receive the money directly into your account. Of course, your transaction will be “in process”. Security checks usually take place on the spot but you’d be surprised to know that your credit card is not actually charged until the goods you ordered are actually shipped.
It’s called real-time credit card processing if the user get notified instantly whether his or her credit card accepted or not . Most merchant accounts have this option. An alternative option is manual credit card processing. Manual processing of a credit card adds another step which increases the chances of making mistakes.
