For merchants who are not only interested in payment solutions that support storefront sales but also financial transactions such as online credit card payments for their Web Store, it is vital that they use a merchant service that caters to both these aspects of the business today.
Yes, it is the magic of ecommerce that makes it possible for big, medium and small businesses to transact online. However, with credit card theft and fraud prevalent in using such an option like this, it is far more important to use a financial system that has been proven to be secure not just for your customers but which also protects the merchant’s best interests.
Apart from the obvious risks and benefits that are a part of doing business over the Internet, a good merchant service should provide authentic bankcard processing services that are convenient and safe for your customers to use their cards with while also helping merchants to accept payments for less as well.
Of course, all this happens long after the merchant account processing stage, in which you set your merchant account up to accept payments whether offline or online.
With a common issue being that delays occur with merchants receiving their payments late, it is imperative that a merchant service should also have a proven track record in processing credit card transactions much faster than usual or else the merchant will find himself waiting for up to 30 to 45 days to receive those funds.