How e-Commerce Works
The four components of Internet e-Commerce
are:
- Shopping Cart: Online program consisting
of a products database that displays information based upon
the user's requests. Automatically keeps track of what is
selected and itemizes all costs at the end of a purchase
- Secure Hosting: The physical location
where the Website files and database reside on a computer
connected to the Internet
- Merchant Bank Account: A service offered
by a bank institution to allow merchants the ability to
accept payments from a credit card
- Payment-Processing Software: This
is the link to the bank. There are three methods to accept
credit cards:
a. Manual entry/card swipe on a small machine
b. Software that dials into the bank after credit card information
is entered into a computer
c. Automated real-time transactions using a software protocol
on the Internet to check the credit availability of a potential
customer, and approve or decline the customer
All three payment-processing methods debit the
funds from the user's credit card account and transfer them
to the merchant's bank account when approved.
MyWebteam offers
all four of these Internet e-Commerce components custom-tailored
to your unique business needs.
Contact
us today to make an appointment!
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