Monthly Archives: March 2013
Electronic payment processing has become an integral part of most business models because of its increasing popularity among the customers. The boom in the online retail arena has made it essential for almost all business organizations to opt for online payment processing services. The most significant advantage, which electronic payment holds over the traditional mode of payment is the enormous increase in the level of convenience to both the buyer and the seller. It has made it possible for people to buy anything online and pay over the internet without having to step out of their home or office. Almost all the leading online retailers use extremely secure electronic payment processing
services, which have advanced encryption technology for protecting the payers from fraudulence.
Now, people living in remote regions can also buy almost anything from the online retailers and pay through the internet. The electronic payments have also helped the retailers in cutting down on the cost of bill management and payment which ultimately cut down on the overall costs. Easily process credit and debit cards online, swipe cards for in-person transactions, convert paper checks to electronic bank deposits and stay connected to your website’s shopping cart. With our virtual terminal you can provide recurring billing to your customers, print and send customizable receipts and have 24-7 access to free reporting. However, both the buyers and the sellers need to remain ever watchful about the various malicious practices such as credit card frauds to avoid these risks. Thus, maintaining a little care can help both online shoppers and retailers to benefit from the various advantages of electronic payments.