|
With use of the internet, mobile devices, and home phone, customers have a convenient method to shop and pay bills, but merchants must make this possible. With a variety of credit card processing equipment, shopping and bill paying can take place both online or off. Merchant Account Processing equipment offers many advantages to the merchant Sales increase while check transactions decrease, thereby reducing risk of not receiving payment. Merchants also no longer have to handle cash so errors are reduced. Merchant account providers offer not only a way to pay by credit or debit card, but with the use of a payment gateway, both the merchant and customer are ensured that account information is safe and secure. A merchant account provider offers merchants peace of mind when sales are made. A credit card terminal is set up and is tied directly to the merchants website. Once a customer slides their credit or debit card through the credit card terminal, the credit card information passes directly to the bank or credit card company. Within a few seconds payment is either approved or denied. A receipt is then issued for the customers signature. At the end of the business day, or whenever the merchant chooses, the merchant settles all transactions that took place and payments are automatically transferred to their bank account. If an online business does not have a secure website then chances of theft increases. A merchant account provider offers the merchant the option of having a payment gateway that is tied to the website for safety of the customer’s account information. When a merchant does not have a secure website, payment goes directly through the payment gateway, after that to the bank or credit card company for approval, then an approval code is issued to the merchant, allowing the customer to make the purchase. Even merchants who have secure websites use payment gateways for security purposes. Online or off, merchants must obtain the services of Merchant Account Processing via credit card terminals. Because online shopping and bill paying have become so popular, safety and security of the customer’s account information is at risk. Merchant account providers offer a payment gateway to ensure both the merchant and customers financial information is safe and secure. A merchant account provider offers tried and trusted Merchant Account Processing equipment and payment gateways to merchants so that transactions can take place with peace of mind.
Related Articles -
merchant processing, merchant credit card processing online,
|
