ELECTRONIC STATEMENTS FOR FOREX MERCHANT
ACCOUNT HOLDERS
The most convenient and reliable way of
the internet banking service is the
electronic statement system which is
obtained online. The credit card details
or any other transaction details can be
viewed instantly through the internet
banking services. In the past, the
statements could be obtained through the
postal systems or printouts which
resulted in delay of delivery and also
various other reasons. Though the
statements were important and urgent,
the postal delay made it futile. A
merchant account holder and the
customers have to register for the
electronic statement systems or
services. Internet plays a significant
role as it is used as a main channel
through which these services are made
effective.
A merchant account holder can get fast
access to his account with the use of
the internet banking services. Once the
merchant account holder opens a new
account, he/she has to fulfil the legal
formalities placed by the banks. The
application form contains the customer’s
details like name, phone numbers, e-mail
address, etc. Once it is verified by the
bank officials, the information is
updated in the database of the bank.
Hence, we can say that the contact
details are also registered as well.
This system is very convenient as the
programmed internet banking services
sends a reminder of every bill payments,
received funds, etc. Because of this, a
customer cannot miss any bill payments
that have to be made in time. The
customers are also prompted through the
e-mails. An e-mail is sent to the
customer regarding important issues
along with a copy of the bank account
statement. Once it is registered, the
credit card issuing bank updates every
detail of the transactions made through
SMS to the particular customer. The
electronic statement shows the bank
balances as well as other transaction
records like deposits and withdrawals,
etc.
It is considered as the most time saving
concept in the internet banking
services. With the use of credit card,
there is no risk of you money being
snatched anymore in the real world. Cash
withdrawals can be done 24 hours a day
using the ATMs. The customer can easily
have a look on the latest transaction
made as well as of the pasts. The
transactions made through the ATMs are
also prompted through e-mails or mobile
services. This way a customer can get
every small details of the card being
use. If a customer looses the credit
card and if someone uses the card to
withdraw money, then the customer can
easily get the details about where the
transaction took place.
The internet technology has created an
impact for the customers in the modern
world. Though some charges are applied
to the customers for using the
information service, it is also safe and
reliable. Some of the banks take about 3
months time to activate this service for
the customers and some banks do it
instantly within 24 hours from the date
of issue. Hence, the modern banking
systems provide electronic statements
for merchant account holders. 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. |