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Showing posts from August, 2009

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

Sick and Tired of Paying High Credit Card Fees?

There are a lot of advantages to accepting eChecks or ACH transactions. The most important is cost. You'll save money because there is a simple per transaction fee applied. Unlike credit cards where you have the per transaction, and a percentage of the transaction as a fee. There are many ways to increase loyalty with the money saved by accepting ACH as compared to credit cards. Some companies pass this savings along to their customers directly by offering a small discount when paying by check. Others use the money to develop frequent buyer programs, etc. There are other things to note when accepting ACH transactions. Already integrated into most shopping carts. If you can't find a shopping cart, it is easy to develop custom applications. Reduction of administration costs. Clerical account reconciliation costs reduced. Improve relationships with your customers. eChecks eliminate the overhead of processing checks manually. Accelerated availability of funds directly into your acc

The Man Who Stole 130M Credit Cards

Credit card theft on a massive scale. Please do not store your customers credit cards have your provider do it for you. Here is a recent news item out the man who stole 40 million credit card records. "After his first arrest he bought his freedom from the Secret Service by becoming a confidential informant. Later he was charged with stealing 40 million credit-card records, and his latest caper pushed that number up to 130 million. He's 28, has a high-school education, and his motto is "operation get rich or die tryin' ". And he's your worst nightmare. more... "

Secure Payment Web Page Features You Need

These days most payment processors offer a securely hosted payment page. These pages make it easier for the merchant to accept payments on their website. Each one seems to be a little different from the other. There are many to choose from so what features should you look for before signing up with a provider? Payment Card Industry Compliance This is an easy one, the Payment Gateway and the form you use should be PCI compliant. Most are, if your unsure ask your provider. If they are not compliant switch providers. Customizable Secure Page Some payment forms are very customizable while others only give you a very basic layout that your stuck with. Here are some options you should be aware of. Look and feel items such as the color and logo of the form should be able to be changed to match your site. You don't want customers to see a totally different looking web site when they check out. They may be scared off. Some advanced forms allow you to change not only colors, but the form fi