Echeck And Merchant Services Providers

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...

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...

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...

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...

Fervent growth of financial technology has greatly improved the payment processing methods. Process of financial transaction i.e. transfer of funds from one account to another can be facilitated in several ways. Before discussing about the payment processing industry, the software and the associated technology, it is imperative to understand the fundamental concept of payment processing. What is Payment Processing? Any financial transaction involves a total of three parties or players. 1. Customer, the one who pays 2. Payment processor that provides the technology 3. Merchant,  the one who receives the payment Payment processing is the management of fund transfer between two players. Companies that provide this facility or the technology are called as payment processors. An important function of these companies is making the transactions secure to curb frauds. Now-a-days there are multiple ways of completing a payment, via credit/debit card, eCheck payment over an ACH network,...

Payment processing systems are an integral part of websites and applications. Any website that provides a product/service ex: an e-commerce website and business, has to provide a process to send/receive payments. There are different methods to achieve this and eCheck is one of these methods. E-checks have recently become popular as they are a novel payment processing concept gaining immense popularity and merchant recognition. E-checks are the digital counterparts of conventional checks and are safe, fast and secure; they perfectly fit the profile for online payment processing services. What is an eCheck Payment? An eCheck payment system facilitates financial transactions between two parties. As compared to conventional methods like credit/debit card payment and other modes of digital payments, eChecks come with a guarantee of high safety, low risk factor, free & instant set-up. They are convenient for both, the customer and the merchant, since fund transfer takes place d...

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...