eCommerce sites rely on payment gateways integrate with shopping cart applications on a merchant's web site to authorize and settle card payment transactions.
The key when constructing an eCommerce web site is to match the shopping cart, payment gateway and card processing network appropriate for your industry.
If you are new to eCommerce, you have a lot to consider; developing your web site, implementing a shopping cart, payment gateway and merchant account to qualifying for the best Interchange rates, all while managing risk through best practices.
B2B ecommerce sites are at a disadvantage when they misappropriate a B2C payment gateway or provider for the task.
A recent study, conducted by Paystream Advisors, discovered that roughly 64 percent of B2B purcurements used purchasing cards and this number is trending upward quickly. B2B ecommerce companies should understand that these commercial cards differ from consumer cards and require invoice level data to be passed. For more on B2B ecommerce visit http://www.vantageb2b.com/b2b-ecommerce.
When deciding on a payment processing partner, you will want to work with a professional who can help you safely implement a payment solution for your eCommerce business that best meets your needs. Payment gateways are typically priced with an activation fee, monthly fee and a transaction fee. Different service packages exist to meet your transaction volume needs.