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Showing posts from December, 2008

The Benefits of Electronic Payments for B2B Transactions

In the digital age, businesses are increasingly moving away from traditional payment methods such as checks and cash, and adopting electronic payment methods for B2B transactions. Electronic payments offer numerous advantages over traditional payment methods, making them an ideal choice for businesses looking to streamline their payment processes and improve cash flow. What are the benefits of electronic payments for B2B transactions? Faster payment processing Electronic payments are processed much faster than traditional payment methods. With electronic payments, the payment is transferred directly from the payer's bank account to the payee's account, eliminating the need for physical checks or cash. This significantly reduces payment processing time, allowing businesses to receive payments faster and improve cash flow. Increased convenience Electronic payments offer increased convenience for both the payer and the payee. With electronic payments, businesses can make and recei

PCI Compliant Customer Data Storage

In a continuation of the post regarding storing of customer data we are going to dive into the subject a bit more. PCI or the payment card industry doesn't want you to store sensitive credit card information. For example if you sell someone a widget on your site and they pay with a credit card. You are not allowed to store the credit card number without going through the pain of becoming PCI compliant for storage of credit card data. Virtual Terminal Customer Data Storage If your just using the Virtual Terminal provided to you from your merchant account provider you should be able to store sensitive customer information quite easily. Normally its as simple as entering in the credit card number on a screen and the next time you want to bill them just click their name. This is the easiest way to store sensitive information, but what if you need more control of your customers? Storing Credit Card Customer Data So lets say you want to rebill that customer or you need to credit thei

Test Credit Card Account Numbers

Here is a list of test credit card numbers. Often used by developers or merchants that want to test their merchant account. American Express 378282246310005 371449635398431 378734493671000 Diners Club 30569309025904 38520000023237 Discover 6011111111111117 6011000990139424 JCB 3530111333300000 3566002020360505 MasterCard 5555555555554444 5105105105105100 Visa 4111111111111111 4012888888881881 4222222222222

Take Donations on the Web

Accepting donations via the web is a fairly new trend that has been gaining a lot of momentum lately. Whether its a one time payment to the donors favorite charity or monthly tithing to their favorite church accepting donations via the web is here to stay. Automatic Recurring Payments Rather than ask your donors to mail a check you can simply forward them to your website for payment. It’s as simple as entering the payment information check or credit card and specifying the days to hit the account. The donor likes it because they can choose the day the monies will be processed. The merchant likes it because its entirely automatic. Every month the credit card or checking account is processed and the money is deposited directly into the merchants account. What could be simpler? Credit cards vs Checks Credit cards are convenient but on line checks are clearly the winner here. The merchant pays a low transaction fee and that is about it. The customer has the money drafted directly fro