Internet Processing

Internet processing enables you to automatically accept, authorize and process secure credit card orders directly through your web site or virtual terminal. No software or hardware is required and you can process from any Internet connection.

55% of the U.S. population is now online and 52% of the online users are shopping. The fastest-growing segment of credit card use today is in "card-not-present" transactions in which a customer makes his or her purchase by mail order or telephone order (MOTO), by facsimile, or via the Internet instead of being physically present at the merchant's location.

To process credit cards for Internet, telephone, or mail order transactions, you need a special merchant account specifically designed for that purpose. Because you never take physical possession of a credit card so that you can swipe it through a magnetic strip reader, both Visa and MasterCard use different criteria for evaluating risk and have different fee structures for card-not-present transactions.

Newtek can help you to easily establish such a merchant account. With a "card-not-present" merchant account you have three options as to how you may process your customers' orders quickly and easily:

• Virtual Terminal Software -- We will provide you with easy-to-use virtual terminal/payment gateway software for any device that can access the Internet. There are a few recommended options available that an experienced Newtek Business Service Specialist will go over with you.
• Off-line (PC based) Credit Card Processing Software -- We will provide you with credit card processing software to be installed on your computer with a modem. This is ideal for merchants accepting credit card information via mail, telephone and facsimile.
• Credit Card Authorization Terminals -- Of course, you always have the option of manually entering credit card numbers through a point-of-sale (POS) credit card terminal.