With more and more business being done online these days, it goes well beyond mere consumer purchases. Increasingly, companies are eschewing paper and going digital in an effort to maximize the speed and efficiency with which intra business transfers can be made, invoices can be authorized, and b2b electronic payments can be processed.
Particularly if your business is in need of payment processing software to help facilitate convenient and safe monetary transactions with your customers online, it would behoove you to establish a credit card merchant account with a company that focuses on payment processing services. When you use secure online credit card processing, you are instantaneously tapping into a consumer demographic that is only growing in size and scope with each passing year.
Back in 2011, it was reported that 12 percent of consumers used their mobile devices to to check out an online store, with more than half of them finalizing a purchase as a result. This was part of an upward trend that saw the rate of online purchases double when compared to 2010. This demographic of mobile web customers is a broad one, with 42 percent falling between the ages of 25 and 44.
As the number of these online transactions increases, there will likely be greater emphasis put on merchant processing solutions that operate in the cloud. This method allows payments to processed quickly through a single receivables management platform, regardless of where the initial payment is made. By rerouting these transactions, your business can limit costs, get your product in the hands of the customer in less time, among other intrinsic benefits.
And if your company focuses more on b2b, or business to business transactions, a quality credit card merchant account can be activated for you to handle Level 3 payments via corporate credit cards or payment cards distributed by the government. If you have questions, comments, or suggestions about online payment processing in general, or b2b payments specifically, be sure to visit the forum below.