Payment processing is the most secure way of handling credit and debit card transactions. All types of card payments are secure, whether it is an online purchase or an in-store purchase.
Payment processors are the ones who are responsible for secure handling of all card payments. Merchants get into a contract with these companies to handle all their card transactions. Processing services such as authorization, secure data handling etc. are all provided by these payment processors.
Here’s how credit card processing works:
In order to setup card payment processing, you will need a merchant account, a payment gateway and a payment device. Learn all about these requirements here: Payment processing 101 – What happens behind the scenes during a credit card transaction?