Components for online credit card processingPayment Gateway. The payment gateway provides you the ability to accept customer billing information (credit card number, credit card type, expiration date, and payment amount) and the necessary validation steps that must be followed before the credit card is actually billed. Internet Merchant Account. An Internet merchant account is an account with a financial institution or bank, which enables you to accept payments online from your clients. The payment gateway actually transmits the billing information to the internet merchant account provider. Web Site - Regardless of which merchant provider and gateway service you choose, your web site will need to integrate with your service providers. Online payments service cost There are more merchant account providers than there are people looking for internet merchant accounts so ask questions and be picky! Typically, an internet merchant account will have several types of costs:
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