Mobile Credit Card Processing: If You Are In Need Of Money, Seek Out The Best Merchant Rate. Online Credit Card Processing Tips If you are starting a business, it is very important to have a small business credit card processing system in place. A credit card terminal is a stand alone piece of electronic equipment that allows a merchant to swipe or key enter a credit cards information as well as additional information for a transaction. These machines can also process gift cards and more. These machines must be attached to a telephone line as well as an electricity source. Now there are options for smart phones and iphones to insert credit card readers and swipe payments for things. A payment gateway is an e-commerce service that authorizes payments for e-businesses and online retailers. An online business needs e-commerce credit card processing, to do this a payment gateway is necessary. A payment gateway is an e-commerce service that can authorize online payment. Extra resources It is typical that different companies are used for a merchant account provider and a payment gateway. Entering a credit card number and providing a place to log on are two major components a gateway provides. By doing so this can allow for real time shopping for customers and real time payments on a merchants website. Merchant accounts make it so that businesses can allow customers to pay with a credit cars. There are many different types of payment cards. These accounts are established under an agreement. A merchant bank and acceptor establish these agreements. The agreement is based around credit card processing. It is most common that credit card transactions are sent to a merchant electronically. Authorzation, capture and deposit is included in the transactions. Another name for this is merchant credit card processing. A credit card sale may be represented in many different ways. There is at all times some way to read the card. A credit card can be read by being manually entered into a card terminal, computer or website. It use to be that cards could only be read by having the information down on paper and sending it into the mail. It was also popular to pay with a credit card over the phone. Though it is still possible to pay this way, it is more popular to swipe a card instead.