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Choosing AuthorizeNet
AuthorizeNet electronically deposits the money into
the checking account of the merchant within 48 hours of
settlement.
Processing the Credit Card
Once the information is entered into SalesCart or order
form,
it must be verified by your merchant processor. Almost
all merchant processors utilize a gateway such as
AuthorizeNet to pass the information to them. The information is passed from your
website to the gateway (using a secure method provided
by the gateway). The gateway services have a dedicated
connection to your merchant processor. Once the gateway
receives a response from the merchant processor they forward
that information back to you or your shopping cart where
you can act on it accordingly.
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Processing Terms: |
Below are some of
the most common terms used to describe the
transaction. Each terms will refer to a certain
action taken by the gateway. |
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Sale: |
Acceptance of the credit
card for purchase of a product or service.
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Return (Credit):
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Is issued when the consumer
wishes to return a product or service after
the transaction has been settled.
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Void:
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Is issued when the consumer
cancels the order the same day, and prior to,
the settling of the transactions.
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Settlement:
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The final step to complete
the credit card transaction between the consumer
and the merchant. The batch (an accumulation
of transactions from the current day) is settled
daily as a group. Settlement means that
the credit card is charged and the money is
moved to the merchant account.
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Gateway services such as AuthorizeNet are normally
provided to you by your Merchant Processor. The fees associated
with the gateway are included in the fees that you pay
for credit card processing.
The AuthorizeNet Gateway
is one of the most popular internet gateways.
It allows merchants to have complete flexibility in designing
their storefronts whether you have a single item or
multiple items via a shopping cart. The payment module communicates with
the credit card processor to authorize credit card transactions
in real time. Customers receive almost immediate purchase
confirmation informing them that the transaction was successful.
The payment engine uses a multi-threaded process that
allows multiple transactions to be processed concurrently
on one server. This ensures that customers will not have
to wait in line for their transactions to be processed
by the merchant.
How secure is the AuthorizeNet
Gateway?
The AuthorizeNet Gateway offers secure online transactions
by utilizing RSA 1024-bit encryption technology. Coupled
with extensive fraud protection capabilities, AuthorizeNet
offers payment solutions which use the safest transaction
methods available today. AuthorizeNet Gateway Plug-in
wraps around your existing SalesCart Web site, making
it able to accept credit cards in "real time".
Virtual AuthorizeNet
gives you the power of a POS (Point of Sale) terminal
or software without the hardware/software or maintenance
expenses. Virtual AuthorizeNet allows merchants to enter
credit card transactions into their own Internet-connected
computer browser. The program is ideal for the merchant
who wants a PC-based solution and appreciates the automatic,
transparent software upgrade feature. Customer orders
may come from a non-commerce-enabled website, telephone,
fax or mail. The orders are entered into an online interface,
where sales, return authorizations and reports are all
provided through the AuthorizeNet Secure Payment Gateway.
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Features
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Benefits
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Internet
equivalent of a POS terminal
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The
power to process credit card transactions without
having to invest in hardware or software.
Creates a common set of reports for all transactions.
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Internet
fraud protection
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Offers
important preventative measures (e.g., lockouts
restrict some transactions and all transactions
must pass rejection tests to be processed).
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Easy
to use/portable
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Log
on to the Internet through a browser anytime, anywhere.
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Real-time
record keeping
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View
a chronological record of sales by day, week, month
or year-to-date.
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Full
Report Capability
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Access
sales reports via the browser.
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E-mail
Notification (optional)
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Merchant
can send an e-mail receipt to customer when transaction
is completed.
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Advantages
AuthorizeNet™
FraudScreen.Net is a leading powerful
fraud detection and risk management service, powered by
eFalcon™. FraudScreen.Net provides strategies and customer
service tools to protect merchants from fraudulent transactions.
You can use it to reduce fraud, increase sales and improve
customer service.
Merchant Services are what you need to accept and process credit cards from your website. There are many steps involved in accepting credit cards because of the many interested parties. Transactions involve your customer, your shopping cart, your customer's bank, your customer's credit card issuer and your bank.
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