With the advent of the Internet and online shopping, new ways of processing digital payments had to be introduced. Retailers had to meet the requirements of customers who wanted to purchase different goods online. The expansion of the customer base brought about the use of an eCommerce merchant account. Any enterprise that sells goods and services online is required to have one since it is designed for accepting cashless payments.
You’ve undoubtedly heard of it and probably own a smartphone that supports it, but what is NFC on a phone or other devices? Also, how exactly are merchant services for credit card processing and this technology related? And what does it mean for a seller and customer? Improve your business and know how to use this revolutionary discovery in the best possible way.
When a customer finds an unauthorized charge on their bank statement or has an issue with a purchase, they will dispute it with their issuer. But how long to dispute a credit card charge takes, and what does it mean for merchants?
What is a payment gateway, and how does it work? If you are an aspiring online merchant who’s trying to establish a successful enterprise, it is necessary to know how to successfully implement gateways into the purchase process. Of course, you will not have to delve too deep into this issue, but the fundamentals have to be understood.
The world of internet retail is becoming increasingly popular among merchants. However, basing your enterprise on the world wide web comes with its own set of challenges. Because of all the risks, eCommerce fraud prevention is essential for all merchants who plan to expand their enterprise on the internet.
Online merchants are thriving more than ever, and it is expected that the next two years will be the most lucrative ones yet. Unfortunately, fraudsters are following trends as well, and as the marketplace continues to expand, eCommerce fraud is becoming an increasingly bigger problem. eCommerce fraud protection is a serious topic that every online business should consider seriously, and you can begin by getting to know what kind of scams exist.
If you are new both to the e-commerce and cashless payments world, but you want to expand your enterprise and draw new customers, you should get accustomed to the terminology. At first, it may seem that payment gateway vs. merchant account are similar things or that your business can run without one of them. But in reality, you will need to use both.
Shoppers have had an opportunity to choose their market for decades now, and they can purchase goods and services physically in a store or through the internet. But what are the differences between online shopping vs. traditional shopping, and the pros and cons of both for a merchant?
It never hurts to know how much you can save.
