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Showing posts from April, 2020

7 Benefits That Make eChecks A Necessity For Businesses

Humans are living in the world that follows the motto, right now! With smartphones in everyone’s reach, finding information about everything has got easy. Similar is the thing with eCheck payment . Easily available to the merchants, electronic checks help them to accept payments right on time. Since they are easy to use, are secure in nature and highly affordable, they are undeniably the best payment processing system any business can have. If you are looking forward to discover what other benefits they comprise of, reading the below points is worth investing your time. 1. eChecks save money Be it any business, it has its eyes on saving money. With echeck processing, savings can be done on the cost of check stock, printer supplies, postage and envelopes that are used when working with paper checks. 2. eChecks save time Printing a check, putting it in the envelope followed by taking it to the mailbox kills time. With eChecks, things are different. Payment gets done the moment m...

4 Ways To Secure Payment Processing

In this world where everything has gone online, cyber criminals are having the time of their lives in terms of e-commerce and m-commerce transactions. To stop them from playing with the security of finances and customers data, merchants have to have the best payment security protocols. One of the best things they can do is selecting the reliable and safe payment gateways.  If we talk about credit card payments, they count for the most usual forms of payments. Owing to the terrific increase in the number of online payments, the number of scammers has also grown exponentially. These criminals have expert hands on utilizing technologies in their favor, which clearly signifies their interest in insecure payment processing. Is there any way to ensure payment processing solutions? Thankfully there is! Following a few careful points can play a great role in securing the data as well as keeping it away from being stolen. Let’s take a look at some of those ways: 1. PCI COMPLIANCE When p...

Merchant Account: Its Importance & An Insight Into It

Whether you own a business or planning to start one, you will have customers who will pay through credit and debit cards. How does it matter? It does because to accept these payments, your business needs its very own merchant account. Though you may have heard about it a million times but when it comes to know what a merchant account is exactly and what are its aspects, your knowledge may not be complete. Also, you may not be knowing why businesses need merchant services and how phenomenal their future looks in the vast business world. Agree? This post can help you get all the information in the easiest and best way. Merchant Account- What Is It? This terms signals towards a sort of bank account that makes a business able to accept card payments as well as various other forms of electronic payments. To set this account, a payment processor is required as it handles payment processing when payment is done from the end of customers for the products and services they purchase. An ag...

Report and Analysis of Payment Gateways Market Practices and Trends

The worldwide global market is dynamic and ever changing. According to the data provided by the International Monetary Fund (IMF), the worldwide GDP was at 84,740.3 Billion US$ in 2018, growing by 5.73% from the previous year. This growth is a result of advancements in technology, communication and the continuous growth of disruptive technologies that dot the timeline sporadically.   Kenneth research has published a comprehensive report of payment gateway market growth and analysis with emphasis on market sizes, key growth indicators and the impact of micro and macro trends across the globe. Several key growth drivers, challenges and restraints to the payments gateway market have also been studied in this report. This study covers a detailed market analysis under several segments that explore the global payments market based on region, growth metrics, market sizes and general attractiveness. What are payment gateways? A payment gateway is an application that facilitates...