E-commerce is bustling and online shopping is becoming ever more popular. Not only has online shopping growing in terms of value, but it is also slowly but surely, taking over a significant chunk of the total retail sales share from brick and mortar stores. Experts estimate that online shopping will continue to grow steadily at the cost of physical shopping. In the present scenario, it would be foolhardy for any retail business to not have an online presence and e-commerce portal for their products and services. Being e-commerce ready implies being able to accept payments from customers via the internet. This is possible through a number of different methods, the most common being an internet merchant account. An internet merchant account enables a retailer to accept credit card payments online through the electronic submission of a purchase form, along with credit card data including credit card number, purchases information and other security related information.
Merchant accounts can be obtained both offshore and domestically. It may be as simple as going to your local bank where your business has a bank account, filling in an application and obtaining a merchant account. The merchant account provider will provide a payment gateway software which acts as the user interface when a customer initiates an online purchase. In many cases, a merchant may be forced to go offshore in search of a suitable merchant account, especially if the retailer's business is classified as high-risk, as is done in many cases by domestic banks, which primarily favor low-risk businesses to partner with. Once a merchant account is obtained and set up on the retailer's website, the merchant can start their e-commerce business.
Find out more about how Merchant Services works with E-Commerce Businesses.
Merchant accounts can be obtained both offshore and domestically. It may be as simple as going to your local bank where your business has a bank account, filling in an application and obtaining a merchant account. The merchant account provider will provide a payment gateway software which acts as the user interface when a customer initiates an online purchase. In many cases, a merchant may be forced to go offshore in search of a suitable merchant account, especially if the retailer's business is classified as high-risk, as is done in many cases by domestic banks, which primarily favor low-risk businesses to partner with. Once a merchant account is obtained and set up on the retailer's website, the merchant can start their e-commerce business.
Find out more about how Merchant Services works with E-Commerce Businesses.
great post. It surely helps especially those site owners with e-commerce business.
@axedbydax
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Great srticle. Retailers are dragging t feet in conducting business on-line. They show up less frequently in search results, 15% as opposed to 30% for on-line businesses.