Business Solutions- Why Credit Card Processing Software Might Be A Better Fit

Credit Card Processing Software

When it comes to taking your business to higher level credit card processing software acts as a solution for every business owner, as success of every business (small or large or household) depends upon a pleased customers. With the power of using there own account anytime anywhere for paying own bills makes people across the world a credit card processing savvy, thus giving preference to only those places offering such facility.

Credit card processing software enables a business owner or a trader to provide it’s customer with easy and quick money transaction. Also, this software helps a buyer or customer to utilize the advantage of not carrying cash every where they go. Fact that the small credit card can be swiped in any country at any anytime for paying bills makes it a great payment accessory for tourists across the world.

Today, every business enterprise is banking on the facility of credit card processing software such as restaurants, hotels/motels, gyms, stores, coffee houses, malls and many more. Even those selling or trading online depend on the credit card processing software system. Whether it’s online tickets booking site or online shopping store or online flower deliveries and much more.

Credit card processing software system is more or less like system where the transaction of money is done once the credit card or small piece of plastic card of customer is swiped through credit card processing equipment. Working of credit card processing software begins right after the trader and customer begins with its buying and selling process.

This software is a benefit for a business can be easily seen with the amount of sale increase, growth in customer and business satisfaction experienced by most of the traders who have obliged to the service of credit card processing software.

But before utilizing such software for the uprising of a business or trade there are legibility criteria, requirement of merchant account and much more to look forward to. For every trader owning a merchant account is a must to begin with the software system. This merchant account is a bond between credit card companies which put tag on the respective business as a reliable and legible business for offering credit card processing service and for utilizing the credit card processing software system in their business. In short this account allows a business to offer customers with credit card processing.

There are many companies offering credit card processing software systems or services to traders and business owner. Banks, associations, third parties and financial institutions are some of the examples where a trader can always find a reliable merchant account and software for credit card processing.

Customers across the world are going trendy and technology savvy and thus prefer to move or shop around with no cash in their pockets. Using their account to pay for things whenever or wherever makes things easy for them, thus by utilizing credit card processing software in a business a trader always earns good revenue, great customers and a starry status in the business world.

Gene B is an account specialist at Piedmont Processing assisting their clients to find the best payment processing solution for them at the best rate. More then just a rate game, Gene partners with the client to assist them in their payment taking goals. For more information, click here now!

How To Process Credit Cards For Your Online Business

Online Payment Security

If you are new to online business, you best bet might be to outsource credit card processing. PayPal is the best example of outsourced credit card processing. Online vendors using this service don’t have to worry about buying or renting credit card processing machines. In addition, they don’t need to create a merchant account because PayPal is the gateway.

More established businesses usually opt for an in-house credit card processing solution. There are two basic methods of accepting credit cards online, real time processing and deferred processing.

Real Time Processing

The biggest advantage of real time credit card processing is that there is no delay in the buying process. The customer immediately knows if the order went through. This method is especially effective with companies selling downloadable products such as audio, video, or e-book. As soon as the credit card is authorized, the customer can download the product. The real time processing fulfills the need for instant gratification. If you are looking for automation, real time processing is for you. It requires more complex set up than deferred processing, but once it has been set up, credit cards are processed quickly, efficiently, and most importantly automatically.

Real time processing simplifies selling online because customers receive instant feedback. For example, if they enter an incorrect credit card number, the transaction will fail and the customer is notified instantly. Declined credit card transactions are immediately reported back to the buyer.

Secure payment gateways are the most important components of real time processing because they provide a secure connection between your website and your merchant account. Some of the largest secure payment gateway providers are authorizeNet and VeriSign.

How does payment through a secure gateway work?

Gene B is an account specialist at Piedmont Processing assisting their clients to find the best payment processing solution for them at the best rate. More then just a rate game, Gene partners with the client to assist them in their payment taking goals. For more information, click here now!

Ecommerce and Merchant Accounts

Ecommerce - The Impact Of Ecommerce on Merchant Accounts

Have questions about Ecommerce? Unfamiliar with merchant accounts? Are you wanting to take credit and debit cards, maybe even ACH payments online? Then this article is for you!

Accepting credit card orders online is a convenient way to do business, especially for the consumer. There are online businesses that do not use credit card payments, but rather invoice and accept either cashiers check or money orders. However, in most cases this billing process results in a loss of more than half of a site’s potential customers.

The reasons many businesses do not like to accept credit cards are many and include financial issues such as transaction fees, discount rates, setup, statement and application fees as well as a minimum monthly fee. Combined this can take a significant bite out of your potential profit.

If you are developing an ecommerce website you may discover some sites for ecommerce development that offer a Merchant Account at no cost. Others may charge as much as $500 for this type of account. What a Merchant Account does is allow those credit card orders to be processed.

The Merchant Account is also necessary to the implementation of many online shopping carts. The two often work together.

One of the most compelling reasons to pursue a Merchant Account is to expand the potential growth of your ecommerce website. With a credit card sale the consumer has a level of assurance that they will either receive their product or they are not held liable for the purchase by the credit card company (in many instances). However, with an invoice/pre-payment plan the consumer may be wary of providing cash for something they haven’t received. This is especially true when the customer is new.

In essence, an invoicing system might work for existing customers, but in order to grow you may need to consider obtaining a Merchant Account for ecommerce and then expanding your marketing plan to increase the demand for your product. In turn, growing demand may more than offset the fees associated with credit card transactions.

Some small businesses might make use of a PayPal account in lieu of a Merchant Account in order to send and receive online payments. Fees are required in this arrangement as well and some consumers may not like establishing their own PayPal account just to make a payment, but this option may be more palatable for some online business startups or small businesses that operate a niche corporation.

The knowledge of available tools provides a certain empowerment. Online searches can lead you to a variety of Merchant Account providers, but knowing the options may help you manage your company goals and objectives. Ecommerce is a big step and the more you know about available options the easier it becomes to define the solution.

Gene B is an account specialist at Piedmont Processing assisting their clients to find the best payment processing solution for them at the best rate. More then just a rate game, Gene partners with the client to assist them in their payment taking goals. For more information, click here now!