The word E-commerce (electronic commerce) is the process of buying and selling of products and related services available on the Internet. An example of this is the website RangeMe, where you can sell your products and expose your brand to huge retailers, such as CVS, which therefore would then be done through a cvs vendor portal. For online retail selling and buying the term credit card processing is used. Ecommerce credit card processing allows the user a secure payment gateway the relevant bank.
In ecommerce credit card processing user enters payment provides the link between website and bank and then passes the information between the two.
Advantages of Ecommerce credit card processing
Provide payment in multi currency
Advance global fraud management tools
Payment security solutions
Credit card checks and validations
Ecommerce credit card processing has been devised for high merchant account such as telemarketing, gaming, online pharmacy etc. the basic is to provide problem free environment while receiving online payments.