How to accept credit cards online

October 30, 2019

If you take the time to select the proper provider, setting up an online payment system for your business isn’t complicated.

 

Like any business owner, you want to be able to accept credit card payments online from clients and customers.

However, there are many payment-processing vendors to choose from, ranging from small startups to large, well-known corporations. Each offers a unique set of features and different fee structures.

Whichever vendor you choose should match your business’s needs, whether that means you’re looking to process just a few — or thousands of — transactions a month.

 

Your ideal online payment options should meet the following needs:

  1. Easy integration: Incorporating the online payment options into your online store or website should be straightforward.
  2. E-commerce solution: The vendor should provide a shopping cart and buy buttons for use on your site. It should also allow you to build an entire e-commerce site for your business if you don’t already have one.
  3. Easy for customers to use: Item selection and checkout should be easy and completed in as few steps as possible, even if someone checks out as a guest instead of as a registered customer. If customers struggle to make their payments online, they might not complete the transaction. They also likely won’t return to the site to try again. 
  4. Offline capabilities: If you also sell goods or services in person, the best online credit card processors offer offline sales solutions — for instance, using a mobile credit card-processing dongle.
  5. Price: Most online payment providers charge a monthly fee as well as a per-transaction fee. These can vary greatly among vendors. Be sure to ask about fees and whether there are additional charges for maintenance or support.
     

Beyond these considerations, you’ll also want to confirm that the provider you select has a proven payments track record, works well in your industry, offers a good level of customer support and runs a secure system that can protect against and detect fraud.

 

Types of payment solutions

Most likely, you will be looking for an all-in-one solution or a basic credit card processor — the two solutions most commonly sought by smaller businesses. A third solution, a merchant account with a payment gateway, is typically a better fit for a large business. 

 

Moving forward

Once you’ve selected an online payment option, ask questions about fees. Negotiate, if you are able. Make sure you understand how long it takes to implement the solution and what it will take to integrate the payment system with your website or online store.

Finally, be sure to ask about the level of customer support provided, so you can ensure you get answers to your questions as needed and have ready access to the right resources if the system goes down.

 

Get more information about flexible tools for debit and credit card processing, tailored to your business.

Related content

8 Ways for small business owners to manage their cash flow

How to get started creating your business plan

Ways prepaid cards disburse government funds to the unbanked

When your spouse has passed away: A three-month financial checklist

Authenticating cardholder data reduce e-commerce fraud

3 ways to secure purchasing power

5 ways a business credit card program can grow your business

Why credit cards should be the first choice for business payments

5 tips for being a great board member

5 tips to use your credit card wisely and steer clear of debt

How to improve your credit score

6 essential credit report terms to know

Increase working capital with Commercial Card Optimization

6 timely reasons to integrate your receivables

Webinar: CRE technology trends

Payment industry trends that are the future of POS

ABCs of APIs: Drive treasury efficiency with real-time connectivity

Webinar: Approaching international payment strategies in today’s unpredictable markets.

Automate escheatment for accounts payable to save time and money

Automate accounts payable to optimize revenue and payments

Webinar: CSM corporation re-thinks AP

Escheatment resources: Reporting deadlines for all 50 states

Higher education and the cashless society: Latest trends

How real-time inventory visibility can boost retail margins

Managing the rising costs of payment acceptance with service fees

4 benefits to paying foreign suppliers in their own currency

Safeguarding the payment experience through contactless

COVID-19 safety recommendations: Are you ready to reopen?

The surprising truth about corporate cards

Understanding and preparing for the new payment experience

Want AP automation to pay both businesses and consumers?

Overcoming the 3 key challenges of a lump sum relocation program

Digital Onboarding helps finance firm’s clients build communities

How to accept credit cards online

How jumbo loans can help home buyers and your builder business

How to apply for a business credit card

5 tips to help you land a small business loan

Using merchant technology manage limited staffing

Rethinking common time management tips

Checklist: What you’ll need for your first retail pop-up shop

Streamline operations with all-in-one small business financial support

How to establish your business credit score

10 tips on how to run a successful family business

How to sell your business without emotions getting in the way

Is raising backyard chickens a good idea financially?

Business credit card 101

Do I need a credit card for my small business?

What kind of credit card does my small business need?

How Everyday Funding can improve cash flow

5 tips for creating (and sticking to) a holiday budget

How to test new business ideas

7 steps to keep your personal and business finances separate

How I did it: Switched career paths by taking an unexpected pivot

How to build wealth at any age

Year-end financial checklist

How I did it: Transitioned from the military to a private sector career

How COVID-19 is transforming healthcare payments

White Castle optimizes payment transactions

How to choose the right rewards credit card for you

How to build a content team

Access, flexibility and simplicity: How governments can modernize payments to help their citizens

Tap-to-pay: Modernizing fare payments pays off for transit agencies and riders

Restaurant survey shows changing customer payment preferences

What applying for store credit card on impulse could mean

Credit: Do you understand it?

Test your loan savvy

A beginner's guide to investing

Money Moments: How to finance a home addition

How to use credit cards wisely for a vacation budget

5 steps to selecting your first credit card

Dear Money Mentor: How do I begin paying off credit card debt?

3 awkward situations Zelle can help avoid

How to save money in college: easy ways to spend less

Government agency credit card programs and PCI compliance

Government billing survey: The digital transformation of the payment experience

5 Ways to protect your government agency from payment fraud

Unexpected cost savings may be hiding in your payment strategy

Benefits of billing foreign customers in their own currency

Top 3 ways digital payments can transform the patient experience

Hospitals face cybersecurity risks in surprising new ways

Modernizing fare payment without leaving any riders behind

3 benefits of integrated payments in healthcare

Should you give your child a college credit card?

Webinar: AP automation for commercial real estate

Myth vs. truth: What affects your credit score?

How to spot a credit repair scam

Dear Money Mentor: How do I set and track financial goals?

P2P payments make it easier to split the tab

How I did it: Joined a board of directors

5 unique ways to take your credit card benefits further

5 reasons why couples may have separate bank accounts

5 tips to use your credit card wisely and steer clear of debt

How to talk about money with your family

How to start investing to build wealth

How to build credit as a student

Three healthcare payment trends that will continue to matter in 2022

How mobile point of sale (mPOS) can benefit your side gig

Webinar: Robotic process automation

3 ways to make practical use of real-time payments

Hospitals face cybersecurity risks in surprising new ways

How you can prevent identity theft

Enhancing the patient experience through people-centered payments

Digital trends poised to reshape hotel payments

Restaurant survey shows changing customer payment preferences

How COVID-19 is transforming healthcare payments

Unexpected cost savings may be hiding in your payment strategy

Authenticating cardholder data reduce e-commerce fraud

Colleges respond to student needs by offering digital payments

Improve government payments with electronic billing platforms

Luxury jeweler enhances the digital billing and payment customer experience

How Everyday Funding can improve cash flow

Start of disclosure content

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Mortgage, home equity and credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.