Directory — Shopping Carts / Payment Processing

By on June 13, 2014

If you are selling products and services online, you will need a secure method (so credit card information is not accessible to online thieves) for collecting payments. Some web platforms include the ability to collect and process payments. If your website or web platform does not have a secure payment collection and processing method, you will need a shopping cart. A shopping cart is software designed to safely process payments, from a buyer’s credit card or PayPal account, through a secure Gateway — that connects your shopping cart to a bank through a secure encrypted connection. Your shopping cart will handle such transactions as:

  • Credit Card and PayPal payment processing,
  • Tax calculations (if required),
  • Shipping costs and logistics (if required),
  • Recurring payments, if someone pays in multiple payments, or if they have a subscription which automatically renews monthly or annually,
  • Upselling customers, by recommending additional products or accessories, and
  • Affiliate marketing, if you will be offering affiliate commissions to anyone wanting to send you customers.

Here’s the list of…

  • shopping carts,
  • gateways and
  • banks

that are generally involved with online eCommerce transactions.

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