Online Credit Card Processing Explained

Online Credit Card Processing Explained

In the wake of this digital era, nothing is the same as it used to be a few decades ago. Most customers choose to pay with their phone utilizing apple pay google pay and samsung pay because of their credit cards being easily saved on their mobile phones.

Now more then ever, we can simply shop almost every product and service that would aid in making our lives better and process a quick online payment in seconds. Online transaction is undeniably speedy and convenient. Now no wonder several businesses have hoped the boat of technology and rowing smoothly.

As for the concept around online credit card processing.

What is Online Credit Card Processing?

Online credit card processing is the easiest method to allow your customers to make online payments using their credit/debit cards like Visa, American Express, Master Card and Discover.

There are multiple tools available such as Virtual Terminal or an Online Payment Gateway.

To accept electronic payment card transactions on the web, a business needs a merchant account. Which acts as an intermediate to transfer funds between customers’ and businesses’ bank accounts. When a customer buys a product, the merchant account processes the transaction using a payment gateway & payment processor to authenticate and deposit funds in the merchant’s account.

Many new business owners think that when setting up online credit card processing, you just need to go with an online provider like paypal/stripe and square. Only to learn they didint pick the best option 2-3 months down the line with inflated payment fees.

What are my options for online credit card processing?

  • Accepting online credit card processing can help you engage your tech-savvy buyers and serve them even better. For example, many of our customers like utilizing the Clover Only account for invoicing and virtual terminal transactions.
  • We also provide integrations with all major shopping carts and gateways such as Woo-commerce, Magento Etc. This is done by connecting the best gateway that connects to your website based on the type of business you operate.

How to avoid Money holds from big companies.

Alot of the times the big companies do not understand your business inside out, which leads to consistent money holds. This is why we help business owners be properly set-up right from the start by telling the online credit card processing companies in advance everything there is to know about how you recieve payment and how fast you provide service. This can also help business owners alot when it comes to avoiding chargebacks since it keeps the merchant payment provider on your side.


We at Virtuous Payments aim to help businesses thrive in our digital era. By providing secure integrations at the lowest rates for merchant services/payment processing solutions for business owners,  which means you get to keep more of your money towards other aspects of your business.


To learn more, Contact Us here to get started!