The Benefits of Online Payment Processing Companies

Written by Business magazine. Posted in Credit card processing online, Online credit card processing, Online payment systems

Credit card processing online

According to some estimates, the number of online shoppers in the U.S. is expected to grow from 137 million in 2010 to 175 million in 2016. If you are a web based merchant, using b2b credit card processing, or processing credit cards through and online payment system, you may want to work with payment processing companies to be sure that your online credit card processing system is both secure and user friendly.

In 2011, 12 percent of shoppers visited an online retailer using their mobile devices, and 6.7 percent of them then made a purchase, double the rate from 2010. With the increase of so many shoppers using smart phones to make retail purchase, having a mobile and user friendly site is imperative for the success of your site.

Online payment systems can be made more user friendly by accepting a number of types of payments, or by storing credit card information. Working with payment processing companies to develop a user friendly system gives you the option to utilize a virtual terminal, recurring billing, credit card storage, einvoicing, and a variety of custom reporting options. Online payment processing companies can also help free up a small business from security and paperwork issues, insuring the safety of their internet merchant accounts.

There are several advantages to working with an online payment processing company, including a more user friendly interface and added security. If you are a company processing payments online, you may want to consider this option.

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