Deferred Processing
Deferred processing is the less expensive alternative to real time credit card processing. It is simpler to implement than real time processing, and it doesnt require a secure gateway. The lack of a secure gateway in your payment processing system doesnt mean that it is unsafe. Most customers wont know whether you have real time or deferred card processing.
Deferred processing enables you to process credit cards manually. This processing method lacks automation. It is a slow manual process. Processing dozens of orders on a credit card terminal is mundane task. In addition to the added labor, potential for errors is high. It is easy to mistype a number that could result in a failed transaction.
How does deferred payment processing work?
Customer adds product to shopping cart.
The connection enters secure mode, as the customer is required to complete payment information. The customers browser encrypts the data between the web server and the customer computer.
Customer will complete order and leave vendor site.
The vendor at a later time processes orders through credit card terminal.
The terminal provides...
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