Echeck And Merchant Services Providers

Growing eCommerce has greatly increased the number of digital transactions. It is projected that by 2021, a total of $5 Trillion worth transactions will be made on e-commerce websites worldwide. This industry is growing at a rate of 21% currently and continues to grow rapidly. Since, more and more of these e-commerce platforms are enabled to carry out financial transactions, a secure payment system for websites becomes a necessity. With a secure payment solution , reputation and credibility of a company grows resulting in an increased ROI (return on investment). Ensuring a robust and secure payment processing solution instills confidence in a customer. A sense of security and the feeling that ‘my money is secure’ builds confidence and brand value of your company in the marketplace. Without these security measures, merchants and customers both are vulnerable to cyber-attacks, data-theft and fraudulent activities. In the last 6 years almost $112 billion have been siphoned off by cy...

New Year is the time for resolutions. It’s the time to learn from the past mistakes and take steps to overcome them. Agree? If you run a business and are unhappy with the way you process payments, 2020 is the time to make some rewarding change. Like what? Like staring with best merchant services ! Reason? To accept online payments and attract more customers since customers these days are more into making the purchase from websites and making the payments instantly using their credit and debit card. This way, they are not limited to physical money and can shop as much as they want without going anywhere. Make 2020 Your Year To Grab More Customers Forget the past and make blast now. Being limited to accepting physical cash harms more than it benefits. How? Because you only appease to the customers who pay through cash. On that note, customers who prefer online payment choose other businesses over you. Also, once they know you only accept physical money, they don’t bother coming t...

In today’s digital world, businesses that accept eCheck payments are more preferred by customers. This happens because they feel more comfortable & secure when they pay their bills via electronic checks. Electronic checks let customers enjoy online shopping anytime and from any place. eChecks can be done online or via phone in a very easy and hassle-free manner. Electronic check payment processing procedure The processing of eChecks is executed almost similar to paper checks. The processing procedure involves use of an electronic checkbook that contains encryption tools, check processing software and other required tools. Whenever transaction is to be initiated, a blank eCheck appears on the customer’s screen. The fields like date, account number, memo, etc. are already filled. A customer has to insert the e-book into the check processing machine. The customer then needs to unlock the checkbook by filling the required details. The serial number of the eCheck is filled automa...

In today’s highly competitive business era, business owners always look for innovative ideas and technologies to grow their businesses. They always try to maintain a steady stream of happy customers by providing them quality products and exceptional services at the lowest possible prices. But customers satisfaction is much more than just providing quality products and services at affordable prices. Keeping customers happy is all about facilities, convenience and reliability. Today most of the customers prefer eChecks or cards to make payments. That’s the main reason why a merchant account is a must have for all businesses.  What is a merchant account? A merchant account is an account that lets business accept online payments via payment cards. The account is just like an agreement between the bank, the merchant and payment processor for the resolution of online transactions.   Key benefit of having a merchant account A business cannot process credit or debit ca...

There is no need to mention that credit card processing is crucial for every business. Credit cards, being the latest payment trend have created a whole new tradition in the business world. Today, both business owners and customers are making sure that they use credit card processing. Not only for big organizations & multinational businesses, but limited size business can too benefit from this advanced system via credit card processing for small business . With this facility, they can increase their sales and improve their reputation. In simple words, credit card processing is a process of electronic money transaction from one account to another account. This whole process executes in a very standard and reliable way and this is why it is gaining high popularity among businesses of all size and types. Some small business owners may still ask, why they have to offer card processing? Reason being, they have to pay a processing fee every time a buyer presents card for paying...

Business owners are always looking for ways to increase sales. Most of them offer multiple payment alternatives as it helps them reach millions of customers at a global level. But even then they miss the opportunity to increase sales, only because they don’t accept eCheck payments. Even today, lots of customers don’t have credit cards and they simply prefer to pay by electronic checks. If you want to target these customers, then you must accept electronic checks. What is an eCheck Payment? Echeck is an electronic version of paper check used to make payments. In the eCheck payment process, the fund is directly debited from a buyer's bank account and deposited into the seller's account using electronic version of paper check. This electronic fund transfer process is reliable, fast and efficient. You need just one checking account to accept eCheck payments via online mode, or by phone, mail or fax.   How Does eCheck Work? Echecks processing allows merchants to collect all th...

Electronic checks or eChecks have now been around for several years and have been introduced in businesses of all types and scales. If you are running any business and accepting just cash or card payments, then you may be missing a crucial business trend. According to the latest survey, a great percentage of people are in for eCheck payments, thus, businesses shouldn’t keep away from them.  If you start accepting echecks, you could potentially be increasing your profits. Innovative and advanced technologies make these payments more convenient to businessmen and customers alike. These electronic checks have become so popular at the international level. They work in the same way as paper checks, but are safer, more accurate, and an alternative for on-time payment. To facilitate faster money transfers, merchants use this innovative eCheck processing solution . Besides being a great convenience, it is highly helpful in terms of money management.    No matter what ty...

In the modern market it is very difficult to survive and thrive without accepting card payments from the customers. A merchant service provider enables your business to accept payments-via-cards. As you may already know, the number of people carrying cash in their wallets have considerably decreased and it is still decreasing constantly. Not accepting cards can equal less sales opportunities and more efforts needed to be put in by your whole team to attract customers and sell them off the products and services. Moreover, customers leaving the sight because of unavailable POS terminals is getting common day by day. Small businesses or the businesses who have started off lately may find it an unwanted and large expense. This is only their ignorance and unawareness about the importance of payment processing services that lead to this idea. Experts opine that finding fast and secure card processing services helps a business to proliferate. This is an investment you need to make so as...

All this while you were encouraged to switch to card payments for taking your small business to higher avenues. And now it is about accepting eChecks. Eliminating the safe and convenient paper checks from the payment might not lure you at the moment. But as you will learn about the perks of availing eCheck services from a reputed provider it would get difficult to resist the need to use them. Similarities & Differentiation Between A Paper And Electronic Check The only similarity between traditional paper checks and the modern-era eChecks is the fact that they serve the same intents and purposes. But they are still better than the traditional paper checks because: • They get less time to get processed • Electronic checks are more safe and error free • They are environment friendly • eChecks save time and money both these factors play together to make them hassle-free and contribute to the increasing popularity of digital checks. Comparison With Other Payment Alternatives In the...

Enabling your business for credit card acceptance starts from your search for a capable merchant service provider . Many businesses end up settling with the payment processing service providers for their merchant account needs. But oftentimes they realize that this is not what they were expecting the provider to do to their business. In other words, services from your processor obviously cost you something but they are not an expense but an investment. Question that has been snatching away peace of most of the modern day merchants is if they are getting the justified ROIs from their respective investments? Is your provider acting fair with your business? Are the card processing services helping you to the extent you expected them to? Is It Important To Perform A Reality Check On MSPs? Just like every other business owner, you must be working hard for your money. You are ready to pay your service provider for their expertise but are you getting the best from their side? If you have...

Every time a new technology is introduced many people stand in its favor while several others try to oppose its use. Payment industry has completely changed in recent few years. These changes are here to stay for long. eCheck payment is not a very new concept as such but considering its vast potential, it will not be wrong to say that this payment channel is still under-utilized. Businesses these days make tons of transactions every day. Let this blog shed light on the lesser-known advantages of sending and receiving payments through eChecks. Importance Of eChecks As a Sender Running a business does not only mean collecting payments from your customers. Merchants have to make various expenses for running the business operations. These can be strictly professional such as paying the office rent and clearing out payments of transportation and other vendors. Furthermore, business owners can also use this ultra-convenient mode of payment for paying club membership or various other bi...

eChecks generally relate to expedited payments, low expenditures and enhanced productivity. But does that hold true for your business too? Can eCheck processing and profits go hand in hand? They say the world is turning into an eCheck world. Do you still feel alien in this world? With the given number of advantages of using eChecks on a routine basis in your business you need to find soon a payment processor that can enable you to make and accept payments through eChecks. Knowing the methods in which payments are made around the world have been changing for quite some time. From currency to cards to online payments you must have much of action in your life. Cashless or card transactions are much convenient and safe for customers and this is possibly why you hardly spot paper currency around you. Over years the supremacy of card payments has also sublimed. It is due to the rise of ecommerce. Card-not-present payments are largely counted on by both customers and merchants. While car...

Business world is always unpredictable and uncertain. Dealing with new payment technology should bring convenience and benefits to your business but the complexities involved in credit card processing oftentimes make business owners worry about the end results. Can eCheck payment processing help in making the payment part less cumbersome and more profitable? Let this post pave your way to the little known aspects of eCheck acceptance. Challenges Faced While Dealing With Paper Checks  Paper checks take days to get processed before the funds get finally transferred into recipient’s bank account from payer’s account. Not only traditional check processing is time consuming but it is highly vulnerable to frauds too. Checks need to be deposited at the banks and while they are carried away they can be mishandled too. Imitating signatures and tempering the figures mentioned on the checks commonly happen. Businesses these days are alarmed and on high-alert to accept paper check p...

In the era of card payments, the merchant services you choose are determinant of success of your business. Running a company your ultimate goal is to make money. Deciding on which merchant account service provider is most suitable for you on the costs and fees involved is not a smart act. Merchants should be keenly developing a holistic approach towards selection of card processing company. With the help of experts some of the best tips to find the top merchant services have been streamlined. Have a good read and those who want to maximize the return on investment better adhere to these. a) Check For Transparency It starts from getting clear and crisp responses for queries you may have in context to your contract. But it is not only about it since it is your right to have a look on the tangible data for understanding and optimizing your business. There are so many technical terms involved in the contract and conversations that seek an explanation. While you need their support for com...

There is no denying the fact that credit card processing services are imperative to today’s business setup. Every merchant small or big keeps looking to get the best total merchant services . Inability to find reputable payment processors can be really tricky for any business, but especially for the smaller players in the industry. Small businesses are usually not financially very sound, over-expenditures or spending without doing enough payment industry research can cost you high. Determining Factors For Selection Of A Payment Processor Building and running a business takes immense hard work at the end of the business owner. Tying up with any ordinary merchant service company can ruin all your hard work. Take a look upon the given below factors so that you always get on the right track of enabling your business to accept card payments. Customers expect you to provide them fast, secure and upgraded payment processing solutions. Make sure your processor proffers you all of them a...

Having dependable credit card processing services by your side is vital for seeing success in business. What makes it difficult is the wide choice available for business owners. Knowing the features of best merchant services , the process gets not only easier but more efficient too. It was not very long back when purchases were done using cash or personal checks. Cards are being used for over a century but having a proper system in place was never more important than now. Customers prefer businesses that provide them fast, efficient and secure payment processing services. Also, from a business point of view, finding the best merchant account provider saves from wasting time and effort on repeating procedures. Important Things To Look For In Card Processing Services  Accepting cards for payments in your business is mandatory these days but you cannot accept them free. Make sure that you make a note of the under-mentioned things so that buying payment processing services is se...

Ideally merchant account services should foster your business. But sadly, they often end up adding to your expenses, leaving almost negligible ROI. This can get sorted only when you have the best merchant services on your side. Since there is no excuse to provide modern means of accepting payments to your customers, you should learn soon how to differentiate between the best and other service providers. What To Expect From Best Card Processing Services? There is no denying to the fact that your business can survive and thrive only when you give your customers fast and secure payment options. Dealing in cash is a thing of past. Today, there are array of plastic payment options that encourage the customers to buy more and again from you. But this will only happen when you will associate with the best of merchant account services. Major challenge that arises while selecting one is the merchants do not know the features of the best one. In ocean of options they feel conf...

Today’s world is running at jet speed, hence leaving behind the slow starters. You may be a startup or a very small business, thinking it is too early to start accepting card payments. This post begs to differ as only plastic money ensures not only unrestricted cash flow through the system and boosts sales but a lot more. So as to take complete advantage of payments through swipes one should have modern total merchant services by his side. Why Do Small Businesses Take Time In Reaching Out To Banks? Previous bad credit history of the business owners and insufficient preparation at their end builds a fear of rejection in them. They often remain oblivious of the fact that there are payment processors that can ease the process of payment processing for them. Whatever scenario your business might be stuck in, there is always a hope for your business enabled to accept card payments. There are several payment processors serving your niche industry. What you all need to ...

Merchants these days are taking full advantage of the advent of technology in the payment industry. But not everybody is fortunate to get through the long and tough procedure of approval for merchant account. However you can make experts work for you at a very small price. Small businesses especially neither have ocean of payment industry knowledge nor they have ample of time to make repeat trips of issuing bank. You can also fulfill your dreams to lead the industry and see more success by tying up with a reputed and result oriented merchant service provider . Their services will enable your business in nick of time to accept card payments in-store, online and mobile. Below listed are the finest of reasons for switching from cash and check to swipes. Tremendous increase in sales percentage . You may not believe how much it will boost your sales as and when you become open to accept card payments. This is, nevertheless, the fact of the matter that the more options you p...

Despite not appearing complicated, credit card processing is a serious matter for businesses that are very small in size. It won’t be wrong to say that their road to accept credit cards is not smooth. Getting approval for the merchant account, using technologies that are used by the established companies and staying in tune with the evolving security protocols is not easy. However, this doesn’t mean that things are only against these businesses. Very small businesses can stay ahead with knowledge about the below explained 5 major things related to credit card processing. 1. Being familiar with the language Accepting credit cards is all about learning a whole new vocabulary in order to understand how the money flows. To keep away from the headaches and complex experiences in the future, having some idea about things happening behind the scenes is quite helpful. The four chief players of the credit card processing are: Merchant bank: Financial institution that offers m...