Online Credit Card Service

The first question that we need to answer is “What is Credit Card”. The answer to this in simple language would be” A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card.”

In a more technical words Credit Cards are “is a system of payment named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid later to the merchant. It is different from a charge card, which requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.”

Flagship Merchant Services is one of the market leader in providing online credit card service. They do credit card processing and debit card processing for more than 170,000 traditional and Internet businesses. Whether you are building an e-commerce Web site, a traditional retail business or a mail order/telephone order business, you will want to open a Flagship Merchant Services merchant account, which enables you to accept payments for customer purchases.