If you run an e-commerce business, you might have already heard about real-time credit card authorization. What is real-time credit card authorization, and how do you know whether you need this service on your website? Here’s a quick guide to get you started.
When it comes to accepting online payments from your customers, it’s important to offer competitive services, such as real-time credit card authorization. Real-time authorization ensures that you as the business owner receive your money from each and every transaction faster and easier.
This service replaces batch processing orders, and can notify your customer of any issues right away. In addition, it helps limit card problems, including chargebacks. In addition to catching errors, it also provides the opportunity for the customer to use another card.
How does it work? Your customer submits their credit card information via your website, and the software then transfers the information to your credit card processor, such as SolidTrustPay. Next, SolidTrustPay will transfer the same information to the customer’s bank; the bank will either approve or decline the transaction.
Solid Trust Pay provides real-time credit card authorization for websites, making it easy for entrepreneurs to receive money for their products and services online. You can access this service by applying for a merchant account online, and then setting up a free Business Starter account. Once you have your account setup, you can easily access all types of services, including real-time credit card authorization for your website.