The technology has simplified the process, and the proper card credit authorization package provides the gateway for this process.
Most E-commerce systems on the Web involving businesses and consumers (B2C or business to consumer) depend on credit card payment processes.
But many B2B (business to business) E-commerce systems rely on more complex payment processes based on the use of purchase orders. In automatic checking house (ACH) processing directly via the internet instead of paying by paper check promises to speed online payments between businesses.
However both types of E-commerce typically use an electronic shopping cart process, which enables customer to select products from website catalog displays and put them temporarily in a virtual shopping basket for later checkout and processing. The shipping cart functionality not only allows users to add items to their virtual cart but it must follow the user as he trolls the virtual aisles of the store, always just a click away for the user to modify his order.
The payment process is transparent to user of the site, who perceives that they are paying at it. The process appears seamless when a payment is made on-line, in reality a mediating service provider ‘intercept’ payments from users, processes them and charges accounts of the owner of the site when the authorization and transaction are completed.
Web Payment Process
