Almost 1.25 billion dollars was spent on 2011’s Cyber Monday, which accounted for more than 10 percent of the sales made online in the month of November. If you would like your company to capture some of this revenue, payment processing companies can help you to do so. In fact, eCommerce is a growing industry since it went from 72 billion back in 2002 to a staggering 256 billion in sales by 2011. If you forgo the idea of using what payment processing companies can offer you, then you are simply missing out on many potential sales that your business could be capturing.
B2B credit card processing VS B2C relationships are quite different and as such, B2b payments will require a completely different online payment system than B2C payments would, even when you work with the same payment processing companies. Your B2B transactions could include dealing with banks, billing solutions, ERP vendors, and outsourcing firms among other professionals and if your company plans to work with any such vendors, it is imperative that you have payment processing companies set you up in the proper way. Fortunately, the right payment processing companies can set you up with any kind of system you need in order to promote growth and security for your business.
Payment Card Industry Data Security Standards apply to every company and merchant from small businesses to large corporations as long as they perform any kind of transactions that involve credit cards and the data associated with them. With internet merchant accounts, you will be able to acquire the ability to start processing credit cards at any level that is appropriate for you. This way, you will be able to accomplish more for your business.
By having the ability to take credit cards, you will be encouraging your customers to spend more money with you. Furthermore, you will open up a world of possibilities by being able to sell your products or services online. Exploring the eCommerce side of your business will help you to make more sales than you ever could have imagined.
Most importantly, working with the right payment processing companies will help to keep all of your customer data totally secure. In doing so, you can bet that you will be able to entice more consumers to shop with you more often. As long as your wares are good and your processing systems are secure, you will grow your business.
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