Q:

What online services are available for credit cards?

A:

Quick Answer

Online credit card services for businesses include point of sale processing, e-commerce payments and financing programs for customers. Services for cardholders usually include the ability to pay bills online and view statements.

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Full Answer

Merchants who want to process credit and debit card payments usually subscribe to a credit card services company. These companies provide terminals and mobile payment apps to handle transactions conducted in person. These companies may also provide e-commerce services such as secure online authorizations and shopping carts for online businesses. Some of these companies also handle virtual and physical gift cards and can arrange financing programs for a store's customers as well.

On the individual end, customers who have credit cards with a bank can usually pay their bill and view current and previous statements by logging into their online account. They may also be able to subscribe to optional security monitoring programs to protect against fraud and to set up alerts for unusual activity. Regular monthly or annual payments can also be scheduled automatically. It may also be possible to conduct balance transfers and apply for new credit cards online.

Holders of business credit cards have a similar range of services along with business-specific options such as spending analysis and integration of payments with accounting software.

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