Online shoppers want to get the same benefits from your ecommerce
store that they get from brick and mortar retailers. Offering a wide
range of payment methods will make your customers feel safe and
comfortable and they will increase their online shopping. Accepting
credit/debit cards in your online store increases your sales. The
problem that many online business owners face is that they are confused
by the many choices available and they don't know where to start. Visit us
virtual credit card in bangladesh.
There are two ways in which an online business can accept credit card payments online;
Real time online credit card processing.
Here
is where the customer submits their payment information and the payment
is processed online through a payment gateway. Even though the payments
are processed right away, the costs are usually higher.
Card present or swiped
The
merchant will collect the card information by swiping the card through a
mobile card reader or credit card terminal. The costs involved here are
much lower than card not present or online transactions.
For a
business to start accepting online debit and credit cards, they first
need to have an online merchant account and payment gateway. And just
like any other business decision, you have to adequately research before
selecting a provider that you feel is right for you.
Setting up
an online merchant account that is quality and secure is critical if you
want to launch and operate a successful business. You can avoid
unnecessary fees and charges if you find a provider that understands how
to set up an online merchant account correctly and understands the
needs of your business.
A merchant account may have cost
implications like set up fees, application fees and minimum monthly
fees. It may also take up to a month for your account to be fully set up
and one has to be patient. Depending on your credit history, your
application may or may not be approved and you will need to estimate
your sales volumes to know the approximate number of transactions you
will expect per month.
When shopping for merchant account
providers, you may choose to go with your local bank of one of the many
available online merchant account service providers. If you already have
an offline credit card processing merchant account, then you can just
ask your provider to add an online processing feature to your account.
Medical
payments via credit/debit card will help reduce the headaches of bill
collecting from patients and processing them. A merchant account gives
your patients the freedom and flexibility of making payments in various
forms. The system works in a very simple way; the client pays using
their credit/debit card, the payments get processed immediately and.
There are many available credit card processing systems that are
customized specifically for medical billing and come with other features
that make your billing work easier.
Law firms
With the
growing trend of accepting payment through credit and debit cards,
attorneys and law firms that are looking to accept credit card payments
have a lot of available options in the market. There are providers that
offer services that are specifically tailored for attorneys and are even
endorsed by associations but a firm is also free to use the standard
credit card processing services that are available to the other
businesses. For those lawyers who have reaped the benefits of accepting
credit card payments from their clients, they have realized that it is
one of the ways of attracting and maintaining clients.
Mobile payments
Mobile
commerce and e wallets have recently emerged as the standard payment of
the days to come; merchants are trying to position themselves for
tomorrow by trying to meet the demand for mobile credit card processing.
Whether
it is accepting credit cards through a mobile devices or accepting
mobile payments via a Smartphone, mobile credit card processing has
become prevalent and will continue to grow in its usage and adoption.
The
capability to accept credit cards through a mobile device gives your
business the flexibility of accepting remote payments with ease and
securely. Merchants can easily process real time transactions from any
locations as long as they are connected to the internet.
