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Mastering Magento by Bret Williams

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Payment methods

In today's online retailing world, most purchasers use credit cards (or debit cards) for payment. Nothing new there. However, the process — of taking someone's credit card details online, verifying the card for available purchasing limit, drawing the amount for the purchase from the buyer's account, and transferring it into your bank account — is one that remains a mystery to many. Of all the components that comprise online commerce, the process of moving money — in this case from the credit card account of the buyer to your bank account — remains one of the most complex of all.

Without the ease of credit cards, online e-commerce might well have been growing at a much slower pace. However, the use of credit cards — and the potential ...

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