Echeck And Merchant Services Providers

As the trend of online businesses boomed, so did the various payment methods. It was a demand to bring in better fintech to ensure that businesses and customers could safely conduct online transactions without worrying. The reliability of any online payment method depends on its speed, authentication protocol and security. Electronic check is one such digital payment solution. Though eCheck is the modern digital version of centuries old conventional paper checks, it is undoubtedly an efficient payment method since it checks all the right boxes. eChecks are fast, secure, simple and user friendly. Their usefulness comes in when processing high risk transactions or larger amounts. They facilitate absolute mobility and provide users a way of paying anyone from anywhere without any hassle. They are fairly easy to operate since the user only has to fill in minor details and that’s all. They can be authorized over email or even on a recorded phone call. eChecks are also the go to payme...

What is a payment processing company? Why you need one? Do you know that there’s a thick line between payment processing companies and POS? No? Continue reading further to grow you knowledge, as it’s high time businesses must know everything about payment processing . Defining the term in simple words, a payment processing company refers to an entity that gives the businesses authority to accept credit card, debit card and other forms of online payments. Moreover, it plays an important role of managing everything related to the processes that goes in the background once customers share their card details to proceed towards transaction. When a customer provides their card details manually or share it by swiping the card, processes such as encrypting the details, routing them to the bank followed by back to the business’ bank are taken care by the payment processing companies. While looking for a reliable payment processor, certain things are meant to be given great importance. On t...

Payment processing is an integral part of any online business as it forms the backbone of sending and receiving online payments. Ecommerce businesses, services providers, online sales markets, food delivery businesses and bookings and ticketing, all these industries require payment solutions which in turn need merchant account services . There are several merchant account providers which offer a platter of different payment solutions ranging from debit/credit card payments to services like eCheck and electronic payments via mobile wallets and digital payments. What is a merchant account? A merchant account is your business transaction account. It is a special kind of commercial bank account that allows business owners to send and receive payments to their business from multiple payment methods. It facilitates these transactions by acting as a holding account for funds. They furnish businesses the capability of accepting cards and other kinds of electronic payments. They are an ess...

As the name says, eCommerce payment system eases the way online transactions take place through electronic payment mechanisms. Used by online businesses, e-payments are an advanced way to get over paper check transactions and do the transactions quickly and securely. Thanks to technology that’s evolving almost every day, electronic payments have taken over the world by storm. More and more businesses are switching to the modern way of accepting payments, which pleases customers as well, as customers are fascinated by online payments these days. If you own an online business, knowledge about eCommerce payment is something you must have. With a hope that benefits of this revolutionary payment system will make you curious about it, we have outlined some amazing benefits of eCommerce payment system in the section below. Benefits Of ePayments 1. Time saving: Time is a luxury and everyone in this modern lifestyle is trying their best to save it as much as they can. Electronic money can...

A merchant account is typically a business bank account that facilitates merchants to accept payments via different payment methods like debit/credit card, eChecks , electronic methods, mobile wallets etc. Payouts are made on a regular basis from this merchant account to business owners by the acquiring bank. In short, merchant services provide 360° payment solutions to business owners. These accounts offer businesses a secure and safe place to hold their incoming funds from sales and transactions handling simple and complex payments making payment processing simple and efficient. How merchant services can help you with your business?  An efficient payment processing system can put customers and business owners both at ease. With limited downtimes your customers can find the payment process convenient and always working. This builds trust and credibility working as a magnet for attracting more customers which in turn triggers growth and increment in ROI (Return on Investm...

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...