Echeck And Merchant Services Providers

  For a merchant, boosting sales and revenue is the main concern. To achieve this, one of the best ways is having a dependable merchant account, something that is available for every business type, be it low, medium or high risk. So, what is so unique about merchant accounts? Why have they become a hype and almost every businessman looks forward to a merchant account that suits his business? Well, this one of a kind business account allows expanding the business by taking the products & services in the reach of more & more customers. On that note, no matter where a business is located, it can make its way to customers across the globe and win them via its products & services. Though an eCheck gateway is available for high-risk businesses, not every provider is comfortable in providing it. One of the major reasons behind is the high possibility of chargebacks. However, there are some providers who don’t mind connecting with such risky businesses and helping them with th...

  Choosing the best payment processor for your business can be tricky considering it involves so many factors and variables. As a business owner, one might be perplexed as to which model fits their business best and minimizes losses in terms of chargebacks and friendly frauds. However, there are several guidelines and tips out there to solve this mystery and chalk out a clear checklist to determine the payment processing services one needs. If you are a startup or small business, laying down the foundation of your e-commerce business and setting up a payment processing system to receive money from the customers becomes imperative. It becomes difficult to find a reliable payment processing service sometimes, it is mainly because:     1. Your business is classified as high-risk.     2. You are a newcomer or an unknown brand or business.     3. If payments take a long time to process.     4. If there are more ‘card-not-prese...

Electronic checks may not be as popular as other payment processing methods like credit/debit cards or mobile payments but they sure have their own set of benefits. These advantages make echecks a desirable payment method and thus substantiate the need for electronic check processing . These benefits are mostly for the merchants or business owners as echeck integration is fairly easy in comparison to other payment processing. Most companies offering echeck services charge nothing for set-up and there is hardly any equipment needed to process them. eChecks are advantageous for businesses who that carry out a lot of high risk transactions (card-not present) as they provide preemptive action against fraudulent practices associated with other methods of payment. Merchants find them easier to integrate with their existing payment processing system and also process these payments which require no external devices and can be conveniently completed over a telephone call or over an email. The p...

  Being able to accept online payments is a prerequisite for any online business. Customers are moving ahead of the cash/card paradigm and eChecks , electronic payments, digital wallets are the new thing. A business needs a payment processing service to be capable of entertaining these payments, otherwise the losses can be collateral. Losing potential customers and a ton of sales will be the least of your problems. Moreover, payment processing is a lifeline for your sales and not just online. If you look up ‘ cheapest payment processing ’ online, you will find dozens of different companies that offer different rates, processing fees and terms of contract. There is no definite payment model that fits all businesses. They are mostly tailored for a need or a requirement to improve sales, customer service or overall convenience in accepting payments. The Merriam-Webster dictionary describes ‘cheap’ meaning, ‘charging or obtainable at low price.’ Clearly, the cheapest payment processing...

  Running an online business website is a task, there are so many factors that you’ll have to keep in mind 24/7. One of them is payment processing, which is not just an integral part of a business website but the spigot that funnels profits to your business. If you’re selling products online and receiving payments in return, you are already using a website payment processing system. There are hundreds of payment processing companies that make websites payment capable and purchasing simpler for the consumer. Consider you run a website that sells shoes. If you own a brick and mortar store, you might not need payment processing but if you want to sell online, it is the most important requirement. A 24/7 online payment processing system plugged into your website gives you more benefits than you can imagine. Anyone with an average internet connection can purchase your goods online without moving from their seat. Your business becomes open to customers in any part of the world. Usually a...

For a customer, payment happens in a matter of a few seconds. The same process at the backend goes through a bundle of verifications and checks. It involves more players other than the customer and the merchant. More players and more processes make financial transactions secure and foolproof, however, they also slow them down by presenting hurdles. This post is about those hurdles to your payment systems and presents a unique solution to all your payment-related issues like chargebacks, set-up/termination fees, and friendly frauds: an eCheck payment service. You run a high-risk business and merchant account providers keep laying you off. You need a trusted payment partner and a reliable service like eCheck that will put your problems away and actually boost ROI (Return on Investment) and user experience (UX). Open up new avenues by reaching out to more customers and getting ready to explore the option of scaling up. An eCheck payment processing service will do for you what no other...

A merchant is an integral part of the payment processing cycle. Merchant simply signifies the business owners who hire payment processing services to facilitate a method of processing monetary transactions. Merchant account services, like a bank etc. provide merchants with an account through which they can accept payments via credit/debit cards, e-wallets and a number of other modes of electronic payment. Merchant accounts are essential for a business to accept  online payments. These accounts are specifically used for conducting business related transactions and are provided by merchant acquiring banks to business owners. What are virtual merchant accounts? Virtual merchant accounts are those accounts which serve virtual merchants (online storefronts). These merchants can accept payments from anywhere. Virtual terminals, ecommerce websites, credit card terminals, point of sale (POS) terminals and mobile apps are all examples of virtual merchants. A single virtual merc...