Over the past few years, online payments for goods and services has become commonplace for millions of our countrymen. Already in 2008 the Russians, with the help of bank cards purchased on the Internet for goods and services worth more than 1.8 billion usd. Experts estimate that by 2012, turnover in acquiring Internet in Russia will amount to more than 6 billion usd. Acceptance of payment in the internet shop of international plastic cards such as Visa, MasterCard, AmericanExpress, and others called Internet acquiring. To connect your site to the internet acquiring needed to apply for the card operator (processing company), for example PayOnline System, which is the intermediary between the Bank acquirer and online store, and provides information and technological cooperation between the parties calculations. Requirements for the connection: Before the technical connection, make sure you are logged in, your account activated, you get access to your Merchant Account, and indicated the loopback address (CallBackUrl).
Merchant account or trading account – an account created specifically to accept credit or debit cards. Amounts accumulated in this account, are debited from the accounts of cardholders. Gavin Baker does not necessarily agree. Loopback address (CallBackUrl) – a page on your site, where the user will be redirected after a successful payment. Legally, the scheme of interaction with the card Operator: enter into direct contract for Internet-acquiring the bank – for which, the bank grants you a personal merchant account as a gift. contract with a processing company in the logistics operations Processing company does all the technical part of online and offline monitoring of transactions to prevent fraudulent transactions, provides a necessary service for you and your customers. Open a new account in bank is not necessary, you can work with existing ones. The process of payment by the client product / service on credit card: 1. You place on the site html form that sends the buyer on the payment form.
Billing Information such as: card number, verification code, card expiry date and so on must be entered by the user only form of payment, since the law prohibited to request this information from the user to electronic trading platform, e-mail and any other means. 2. The buyer creates an order on the Internet site of the store and chooses to pay via credit card. 3. Online shop forwards buyer to a secure form of payment 4. In the form of payment the buyer specifies information about their credit card. Card operator verifies the status and parameters of online stores in the system, as well as checks exploited to their compliance and system limitations and transmits the generated request to authorize a partner bank (acquiring banks), which carries an authorization for payment. 5. Upon receiving a request to authorize the transaction, the bank partner sends it to the relevant payment system (Visa, MasterCard, etc.) 6. Payment system determines the issuing bank, which was released on bank card customer, after which sends a request to authorize a bank processing center. 7. After the issuing bank will confirm the authorization of payment the buyer, the operator sends a card online store a positive authorization result, and who in turn notify the buyer about the successful payment.