Archive for May 26, 2013

May
26

Reasons You Should Outsource Payment Processing

Level 3 processing

Did you know electronic bill payments passed up paper checks for paying bills during 2007? One of the hurdles that companies must overcome while processing credit cards online is security. In fact, brick and mortar business owners not operating online will also need the proper payment processing services to increase their security for handling payments. Payment processing companies make it their priority to secure all money exchanged electronically. If you are a business owner online, you should know the importance of security and merchant account services. Keeping the identity of your customers safe while accepting payments in exchange for goods and services is crucial for an online business owner’s success.

In addition to payment processing companies offering high levels of security for business to consumer transactions, there are also solutions available for business to business transactions as well. The type of security solutions needed for business to business transactions are different than the traditional security solutions used for consumers. If you are dealing with transactions that involve corporate or government issued credit cards, you need level 3 processing services. Level 3 processing provides the security needed to keep identity safe while handling corporate and government credit card transactions. As you can see, there are different types of internet merchant accounts that require security services.

Payment processing companies that provide solutions for B2B transactions will focus on increasing security for ERP vendors and commercial banks. If you are looking for the best payment processing companies to meet your needs, be sure to take the time to compare a few different companies side by side. Reputable payment processing companies will provide a virtual terminal and solutions for credit card storage. You will need to find payment processing companies that offer e invoicing and solutions for recurring billing as well. Securing all of your transactions will help you increase your bottom line.