Archive for June 6, 2013

Fast, Convenient Merchant Payment Processing

Written by Channel 8 Cleveland on June 6th, 2013. Posted in Credit card processing online, Merchant accounts, Payment processing services

Level 3 processing

As debit cards and other forms of electronic payment are becoming more common than checks and even cash, merchant processing credit cards and debit cards is fundamental to business. Chances are that merchants who are still not capable of processing debit and credit cards are going to lose quite a bit of business. of course, it is virtually impossible to run an internet business if an entrepreneur is incapable processing credit cards and debit cards. Payment processing companies can help entrepreneurs to become fully wired and capable of the merchant processing of debit and credit cards.

While online merchant processing is essential for every business, it is also secure, user friendly, and convenient for customers. Part of this convenience can be attributed to the fact that businesses can store user credit card information online via internet merchant accounts. Of course, this is advantageous for businesses because it fosters loyalty among repeat customers.

Since internet shopping is only going to continue to grow, without merchant processing, businesses will not be able to survive. When you consider that online shopping is expected to increase to 175 million by 2016, which would be an increase of nearly 30 million shoppers since 2010, online merchant processing is a no brainer. For entrepreneurs who have been credit card friendly for a while, cloud based merchant processing can enhance B2B credit card processing and level 3 processing. Cloud merchant processing saves money, hastens time to market, and improves the overall quality of electronic payment processing.

If entrepreneurs still are not capable of processing online credit card payments, they may have lost a lot of money over the years, but they have not completely missed the boat. Given that every business wants to serve as many customers as possible, it makes no sense to create an unnecessary obstacle between businesses and customers. After all, customers can just move on to another merchant, and the entrepreneur just loses a sale.