6 IMPORTANT QUESTIONS
REGARDING ONLINE PAYMENTS
For most of the small
businesses, the idea of having a new
method to process payments can be
intimidating. The situation will become
more worse when they are not familiar
with the technology that this new
processing system is based on. Also,
small and start up businesses that want
to offer different types of payment
options to their customers don’t do so
because of the requirements, security
issues and costs associated with these
systems.
In reality, the owners of
small businesses have several questions
and are not sure where to go for the
answers.
This article lists 6
important questions regarding online
payments.
1)
“We are a very small company”. Is it
worth obtaining an online payment
system?
Actually, these systems will do more
good to smaller businesses than large
ones. By installing an “online payment
processing system” like recurring
billing or email invoicing, the billing
process will be completed at much lower
costs than legacy billing procedures,
thereby increasing your business
profits. In this way the small
businesses will be able to compete with
the larger ones at least in a few areas.
Also, lower costs means higher savings
which can be used for business expansion
or any other constructive purposes.
2)
What if our customer’s don’t use the
online payment facility?
Conversely, it is them who are forcing
you to think about this option.
Customers will be more than happy to see
that you are offering other payment
options and they will surely use these
convenient methods than the traditional
payment methods.
3)
Is it mandatory to have a website?
No, it is not. There are a few service
providers who provide a safe and secure
payment page which can be customized to
look like your business website.
Well if you do have a website then the
online payment system will be integrated
in to your website.
4)
Is it necessary to hire a technical
person to handle the payment processing
system?
No, there is no need of a technical
expert for this. You can do it your
self.
The technology of payment processing
systems has advanced to a level where it
is very user friendly and simple to use.
However, you may need some guidance
which should be provided by the company
that is providing you with the system.
Therefore, find out how to set up and
maintain the system when you are
purchasing it.
5)
Are these payments secured?
Yes, they are. According to contrary
belief, more than 85% of the cases of
identity theft happen due to
transactions which are done offline and
not online. This is because; in offline
transactions your information goes
through many human hands whereas in an
online transaction there is not much
human element involved.
6)
How can I be sure that setting up of the
online payment system will benefit my
business?
The customers of today expect faster
payment processing speeds so that they
will get their goods or services as soon
as possible. Also, these systems will
save money and time for both the
customers and merchants.
Contact
one of our helpful account
representatives to assist you in the
setup of
a
high risk merchant account or
offshore merchant account for a
high risk merchant. |