5 Steps to Accept Credit Card Payments on Your Website
Want to accept credit card payments on your website? Follow five steps: SSL, three-factor authentication, limits, location rules and address checks.
The credit card remains one of the most widely used cashless payment tools. Card payments have also kept changing as technology develops. Today, as a business owner, you can accept online payments on your website by credit card. How does it work? Read on for the details.
Accepting Credit Card Payments on Your Website
- Prepare Your Website Pages
The first step to accepting credit card payments for an online shop is to prepare website pages equipped with SSL (secure socket layer). SSL is an important part of any website. With SSL, data exchanged on your business site is better protected.
The data is encrypted, and the website URL changes to https. Having an SSL certificate can also improve your business's reputation, because transactions in your store are known to be secure. EV SSL, or extended validation SSL, is the type most recommended for e-commerce websites.
- Enable Three-Factor Authentication
To accept online payments by credit card on your website, you can next enable three-factor authentication. Authentication is an important part of any digital transaction. The goal is to minimize fraud, because users must confirm their identity first.
The three factors combine the three-digit number on the back of the credit card (CVV), the card's expiration date, and a one-time password (OTP) sent to the registered phone number. This helps keep the cardholder's identity secure.
- Transaction Limits
Sellers should set transaction limits so they can monitor any unusual activity in the business. This makes running the business safer. For example, if you set a transaction limit of around 10 million rupiah, a user paying by credit card above that amount will not be able to complete the transaction.
- Restrict User Locations
Besides transaction limits, you can also restrict the locations of credit card users. For example, you can limit your online business to orders from within Indonesia only. Customers in other countries then cannot make purchases with a credit card in your store.
- Address Verification
Finally, don't forget to turn on address verification for credit card payments. The system will then require users to fill in their address. If a payment fails, you can trace the user's address to help minimize fraud.
Beyond the steps above, one of the most important things not to overlook is using a quality payment gateway. A payment gateway lets you offer a range of payment methods, including credit cards. One payment gateway you can choose is Duitku, which has an official license from Bank Indonesia and offers capable features.
