“If you think nobody cares if you’re alive, try missing a couple of house payments.”
—Anonymous
Online payment processing requires coordinating the flow of transactions among a complex network of financial institutions and processors. Fortunately, technology has simplified this process so that, with the right solution, payment processing is easy, secure, and seamless for both you and your customers. This chapter provides you with what you need to know about online payment processing issues:
Online payment processing basics
The payment processing network
How payment processing works
What you should know about fraud
What to look for in a payment processing solution
Getting started
After you’ve read this chapter, you’ll understand the issues and essential elements of accepting payments online, the most important step in putting your Web site to work for you.