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In order to accept credit card payments over the Internet merchants need two things in addition to X-cart shopping cart software, an online merchant account and a payment gateway account.
1) Payment Gateway Account - A payment gateway is a system that validates a credit card during a transaction and transfers funds to your merchant account. During an online transaction the shopping cart software sends a request to the payment gateway provider asking it to verify that the credit card being used has sufficient funds to pay for the purchase. If it does, the gateway handles the transaction details and transfers the funds into the merchant account.
2) Online Merchant Account - An online merchant account is a bank account specifically designed for e-commerce transactions. It generally has a higher discount rate than traditional retail merchant accounts because the credit card is "not present" (i.e. the merchant can't look at it) during the transaction.
How do I get started?
X-cart has partnered with
 iTransact, a leading provider of payment services, to simplify the process of obtaining a payment gateway plan and merchant account. Since 1994 iTransact has been in the payment services business. iTransact's services enable merchants to authorize, settle and manage credit card or electronic check transactions anytime, anywhere.
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