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.
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.
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.
Currently, PayPal is the most used payment method among merchants, but it’s not the most popular or liked. Many use PayPal for their businesses as a means to an end without knowing an alternative solution – Merchant Chimp. So what makes it better, and who wins in the battle of Merchant Chimp vs PayPal?
When opening a business, it’s crucial to understand the differences between some vital services for your company. While they may sound similar, each does something different and important for you, whether legally or practically. Today, you can learn the answer to the question of what is a payment processor and how it’s different from gateways.
In order to achieve a successful online sale, there are many components that have to work flawlessly. As a business owner that wants to incorporate e-Commerce to drive sales up, you’ve probably heard many different terms related to it. So, what is a payment gateway vs. a payment processor?
It never hurts to know how much you can save.
