Thawte provides SSL (Secure Socket Layer) technology http://thawte.com/, so that the customer may enter their
credit card information without worrying about security issues.
SSL technology = 40 bits = 240 = 2x2x2x2x2x2….
combinations!
Without an ink signature on the credit card purchase, the merchant
has no recourse if customers claim not to have made the purchase
Methods
Address
Verification System (AVS)
if
you are going to actually ship something out to your customer, AVS allows you to make sure
that the person ordering, is REALLY the card holder and you will state that you "only
ship to the billing address". Avoids "charge backs" to your account
by your bank. Too many charge backs put you in the "high risk"
category.
Authentication engine to
verify identity
Atlanta-based Equifax, one of the "big three'' credit
reporting agencies, has signed a deal with Checkfree to use its authentication engine to
verify identity.
After a potential Checkfree customer enters a name, address, birth
date and Social Security number, Checkfree sends that information to
Equifax, which uses
it to pull up the person's credit report. Then Equifax sends back a set of multiple-choice
questions, such as which bank financed the person's car loan, and how much their mortgage
payment is.
Equifax says this is a secure way to quickly identify a person,
rather than Checkfree's old way that requires the company to send a potential customer a
key number back in the "world'' through the mail.
www.equifax.com/biz/solutions/fraud.shtml
Autorize.net
If you use Authorize.net check
out their www.FraudScreen.net
service.
Northstar Solutions
www.nstarsolutions.com
iBILL.COM
The iBill service that is designed exclusively to make online sales of intangibles such as
site access, content or services is called the iBill Reseller Subscription Sales.
www.ibill.com
CLICKBANK
ClickBank accounts are for businesses that deliver unique products or services over the
Internet.
www.clickbank.com
www.Vista.com
www.mycart.net
You'll find a comparison chart between MyCart.net and Yahoo store at: www.mycart.net/html/comparison.htm
http://store.yahoo.com
Yahoo, one of the best known brands on
the net, has its own online store service which offers extremely
easy setup and credit card processing through its partner, Bank
One. Bank One charges
-
Setup fee = $175 for new merchant accounts (charged only if your application is
accepted),
-
Monthly
service fee =$45
-
Per transaction = 30
cents
-
A percentage = 2.5% to 5% depending on the credit card
used
In addition there's $100 per month for
Yahoo to sell up to 50 items through your Yahoo store.
www.AuctionWatch.com
AuctionWatch helps you sell your products through
online auctions.
