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prise? – What are your expectations for delivery timeframes? – What customer service medium do you prefer? Market Research 7/7/2020 1:49:36 AM There are two ways an ebusiness can implement online credit card processing Online Realtime Processing Telephone Processing Online Credit Card Processing 1. Buyer enters his/her credit card number on an online order form 2. Buyer sends credit card number to processor (., Visa, MasterCard) electronically via website 3. Credit card number is authorized or declined immediately 4. Order is confirmed or denied once the credit card number has been authorized 5. Before logging off site customer knows whether or not credit card has been accepted 1. Buyer enters his/her credit card number on an online order form 2. Seller receives credit card information via 3. Store owner or authorized employee calls an 800 number to gain authorization for customer’s credit card 4. Through a phone call credit cards are authorized or declined 7/7/2020 1:49:36 AM Credit card processing via telephone is less expensive than online realtime credit card processing Online Credit Card Processing Online Realtime Processing Costs ? Visa/MasterCard: 4%of price + $ ? eStores software: $ ? Set up fee: $245 ? Monthly service fee (0999 transactions): $ Telephone Processing Costs ? Visa/MasterCard: 4%of price + $ ? Set up fee: $95 7/7/2020 1:49:36 AM Questions????