Why Your Online Store Needs a Payment Processing Solution

Why Your Online Store Needs a Payment Processing Solution

If you own a small business with ambitions to grow, yet you aren’t already set up with an online merchant account, you’re doing yourself, and your customers, a disservice. Modern technology has revolutionized the consumer experience and created a high demand amongst competitive merchants for products that enhance their services and make paying for products quick and easy.

Savvy merchants are aware that consumers may shop for goods and services from a laptop or a mobile device and it’s necessary to facilitate a seamless way of doing just that. The right payment processing solution makes buying from anywhere and the best among these merchant payment processing tools also provide valuable insights into the habits of the consumer.

So if you’re still on the fence and wondering if a payment processing solution is really a pressing need, here are just some of the many good reasons to consider the ACN payment processing solution for your business if you don’t already have one set up:

Having One Invites Growth

Having a payment processing solution as part of your online business will contribute a lot to the growth of your company by encouraging more purchases and in making the buying process much easier for all interested consumers. When customers and potential customers know that they can easily make a purchase over a safe website over their phone or their laptop, they’re more likely to return for future purchases that can be made with convenience and ease thanks to effective payment processing systems. If you want to make yourself readily available to accept your customer’s’ money, then having a merchant account system in place is a no-brainer for any substantial growth to take place.

Save Money With Merchant Accounts For Smaller Businesses

Some of the most common and popular merchant account companies are tempting to consider because of how accessible they are but they often include expensive fees of up to 5% of everything that a company earns, a fee that can be quite a chunk for small businesses where every earning really matters. Credit card processing fees among some of the most common merchant account companies may be anywhere from 25%-50% which is no small amount. CAN Inc  is among the merchant account companies that provide helpful processing tools for smaller businesses without charging excessive fees for their services.

Improve Your Company’s Credit

By choosing a reliable merchant provider that regularly reports your company’s repayment history to the major business-credit reporting agencies, you can improve your credit and reputation as your business grows. This added bonus could prove very beneficial in the long run for businesses looking to solidify their footing in the marketplace and grow their brand and financial power.

Protect Sensitive Information

As your customer base expands over the years, you will hold some responsibility as a trusted merchant to protect each customer’s personal credit card information as transactions are made via your mobile site or regular website. There is often news of some highly-visited website or online business being hacked and putting its millions of customers at risk, so do all you can to protect yourself and your customers by turning to a payment processing solution that can provide solid fraud protection for each and every transaction that occurs through your sites.

Meet What Has Become an Expectation

One of the main reasons to turn to a reliable payment processing solution if you don’t currently have one in place is plainly and simply because your customers and future customers expect it of your site. There are so many quick and savvy ways to complete a transaction these days and most people can’t be bothered with a business that doesn’t offer them a means for doing so. Businesses that don’t have a credit card processing system in place will soon be left in the dust or will find it impossible to even get off the ground to begin with. Serve your customers basic expectations by implementing a payment processing solution that can easily accommodate all of their transactions with security and ease.

These are just a few of the benefits to making a payment processing system part of your everyday business transactions and ongoing efforts for real growth. You’re sure to find lots of options in merchant accounts, but not all are suitable for small to medium sized businesses and their unique business needs. Aim for smaller transaction fees and the ability to build upon your company’s creditworthiness when seeking a suitable provider.

 

Categories: Technology

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