According to it-analysis.com ,the commercial requirement to accept many and various forms of electronic payment provides a range of challenges for business owners. Primarily, these are security and control issues, as well as additional costs, and accounting matters.

Internally, the biggest security risks revolve around prohibiting staff access to customer credit card information. Credit card processing information has to be maintained in a confidential environment to ensure employees are unable to access it. This may be done internally, using credit card machines that have security systems built into them, or, externally though outsourcing the security processes. E-commerce business should be mindful that when they are storing or moving credit card information, they are liable for that information. Both Visa and MasterCard can levy very high fines and even revoke the card facilities "in extremis", if information is hacked and compromised.

Externally, the major security concern resulting from e-commerce is the risk of fraudulent transactions, where the card being used is not that of the person making the purchase. E-commerce security may be improved in a number of ways including validating the billing address, blacklisting international locations that have a high reputation for fraudulent credit card processing and e-commerce transactions; or requiring that the person enter the code that appears on the back of the credit.

There are two types of authorization processing: Batching and real-time. Without exception all merchant account providers charge a fee every time you accept a credit card payment on your website. If you want to do business online, you do need to accept credit cards. But these machines aren't too helpful for internet businesses, where you don't have the customer's card to swipe; you'd have to get pretty good with the keypad. You might have to pay higher start-up fees, per-transaction fees, and discount rates. Remember that price should only be one factor in your selection process. In industry parlance these are called independent sales organizations.



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