Accepting online payments is an easy and simple process if the business have a proper plan and prepare in advanced to meet the requirements needed for operations.
The requirements can be divided into two areas:
- Business requirements
- Technological requirements
Business Requirements
- Corporate Commitment: It's necessary that the business decision-makers involved have a complete picture of their E-Commerce endeavor and provide the resources needed during the analysis, development, launch and maintenance stages of the e-commerce implementation.
- Internet Merchant Account: The merchant account enables the business to perform payment transactions online. It's important to note that the Internet Merchant Account is not the same as a regular merchant account.
- Domain Name: The identity of your Website in the form of a URL (Uniform Resource Locator).
- Website: The website functions as a traditional store but placed on the Internet. Most areas that are important to brick and mortar stores are important to the Internet store as well like presentation, inventory accountability, operations staff, advertising, etc
- Web Hosting: Provides a place for your website to be placed 24/7, all year long to the entire world
- Secure Sockets Layer (SSL) Certificate: The SSL certificate provides a secure communications channel which is encrypted for safe transactions delivery. Also, it enhances customer security that they are doing business in a safe way.
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