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If you want to be able to accept credit cards but do not want to handle this yourself, you can use a third-party online credit card processor as one of your Ecommerce solutions. When your customers want to purchase a product, they click a link that takes them to the third-party’s website. There, they will submit their order and credit card information, which is then processed by the third-party Ecommerce processor. For example, some stores use PayPal as their third-party online credit card processor. Essentially, these Ecommerce processors act as resellers. They may charge you a variety of fees for this service, including an initial set up fee, monthly fees and/or per-transaction fees.

While outsourcing your online transactions may seem appealing, you should consider the fact that it will be obvious to your customers that their transactions are being handled not by your company but by a third-party Ecommerce outside source. Therefore, Ecommerce solutions like this one have both pros and cons that need to be weighed when making a decision.

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What are third-party online credit card processors? was last modified: December 15th, 2014 by Alexis