[thelist] Explaining Payment Processing

[Dan McCullough]

You might want to also look into PayPals new Website Payments Pro
which is their gateway process.  You no longer need to have customer
signin at Paypal or even go to the PayPal site they can process the cc
right on your site.

https://www.paypal.com/cgi-bin/webscr?cmd=_wp-pro-overview-outside

Its a $20/mo gateway fee and then their normal transaction fee.

On 6/22/05, Joshua Olson <joshua at waetech.com> wrote:
> Hi List,
> 
> I'm preparing to write a document explaining the nuts and bolts of Payment
> Processing for the typical client.  Here's the outline that I've created to
> guide my document.  Would anybody mind commenting on changes to it before I
> begin?
> 
> Thanks!
> 
> What is Payment Processing?
>        Defined
>        Role in E-Commerce
>        Other Role in Websites
>        Key Components (Merchant Account, Gateway, Client Interface)
> 
> What is a Merchant Account?
>        Explanation
>        Bank vs. 3rd Party
>        Storefront vs. Internet Payments
> 
> What is a Gateway?
>        Need for Gateway
>        Key players (Authorize.net, LinkPoint, etc)
>        Skipping a Gateway (Nova, etc)
> 
> Payment Processing Alternatives
>        PayPal
>        Print and Mail/Fax Forms
> 
> <><><><><><><><><><>
> Joshua L. Olson
> WAE Tech Inc.
> http://www.waetech.com/
> Phone: 706.210.0168
> 
> Monitor bandwidth usage on IIS6 in real-time:
> http://www.waetech.com/services/iisbm/
> 
> 
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