How to Open an Online Store
You’re ready to start selling your products or services over the Internet, but what’s really needed?
Here is a quick look at what you need:
- A web site
- Shopping cart software
- A way to collect payments
- A shipping carrier
A popular misconception is that shopping carts handle the whole financial transaction, but they only really act as a front end which passes information via a secure connection (another service) to a payment gateway – a separate service altogether.
Payment Gateways. How will you collect payments?
One of the most important things that you must have in order to accept credit cards for your business is a payment gateway. A payment gateway is basically the same thing as a physical point of sale terminal in a retail store.
Payment gateways link your shopping cart products to your account securely. This protects the credit card data and any other personal information from being exposed to computer hackers.