When it comes to online credit card processing for your business, you want a company that can handle the transaction speedily, securely, and efficiently, so that your product reaches the customer sooner, without compromising the confidentiality of the customer’s personal information, all while reducing overhead costs.
If this sounds like the kind of paradigm you want, processing payments online in the cloud is the preferable option. All the orders are handled through a centralized “integrated receivables management platform.” This is exactly the kind of payment processing service needed to handle a sudden influx of online customers, particularly if those clients are typically on the go and and making purchases from their tablets and smartphones. These patrons,of which 42% are between the ages of 25 and 44, expect fast and reliable service that matches the speed and precision exemplified in their own daily lives.
Another area that requires this sort of efficiency is B2B payments, or business to business transactions. This kind of e commerce interchange falls under the category of Level 3 processing, as opposed to regular online purchases made by individual customers. During the year 2011, about 33% of e commerce purchases were completed through online travel booking and flight companies.
With so many business transactions between businesses and customers taking place over the Internet, whether through B2B payments or regular customer purchases, it is absolutely vital that small businesses set themselves up for success by adapting to their client base and providing a safe and quick way for payments to be processed and products to be sent on their way.
If you have questions or comments about online credit card processing, share them in the section below.