Online Payment & Credit Card Processing Solutions for Online Business

Online credit card processors are a cost-efficient way to accept credit card payments online. They are also flexible in that they accommodate a wide range of various types of companies and business activities. The requirements needed are a merchant account and a payment processing gateway. As long as you are connected to the internet, no matter where you are, you can receive online payments via these providers.

There are many credit card processing companies available, however the more high risk your business is, the less likely it will be to find a decent processing company that will provide you with a payment processing gateway.

An e-commerce payment system facilitates the acceptance of electronic payments for online transactions.

Millions of consumers worldwide, use the internet for banking, shopping as well as other financial activities on an everyday basis. These actions can only be processed using e-commerce payment systems or what is otherwise known as Electronic Data Interchange (EDI). These payment systems provide a secure and fast way to make online transactions. These systems are operated by a high street bank or certain specialist companies to ensure the security of every transaction.

The online business world has been completely revolutionized with the addition of electronic payment systems. Advantages include less paper work, lower transaction costs and lower labor costs. It is also user friendly and convenient for both the customer and business owner.

Ecommerce Payment Gateway is what enables the credit card transactions to take place. It’s a layer of processing that interfaces with your e-commerce site and your merchant account. It is the center where all the security and encryption come in to play.

A secure payment gateway allows you the opportunity to sell your online merchandise and services vie credit cards, debit cards or other forms of payment. The payment processing services include particular security measures that verify the credit cards used for payments and will intercept any potential criminal attempt before a transaction occurs.

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Business-to-business, or B2B is a business that serves other businesses. B2B credit card processing solutions is therefore designed with this clientele in mind. Unlike consumers, who are focused on flexible, convenient payments, businesses require payment options to streamline their processes, reduce costs and protect their assets.
GBO offers assistance with finding customized B2B credit card processing solutions for a wide variety of merchants.
Why it is so important to be able to process B2B credit cards?
B2B Credit Card Processing is probably the single most critical processing element within a business. A poorly conceived solution can have a profound negative impact on a business. It is important to note that not all B2B Credit Card Processing solutions were created equal. A good processing partner understands the complexity and details required in configuring an effective solution. Whilst knowing how to navigate around potential pitfalls towards achieving the best solution.

One element this is critical is the decision of what kind of merchant account will act as the foundation for the B2B credit card processing structure. Will transactions be “swiped” – with the customer and their credit card present? Or will payment be made over the phone? Whilst this might seem like an irrelevant question, since swiped transactions generally qualify for a rate discount, it is a decision that can have real impact to the bottom line.

Businesses looking to increase profits may want to consider signing up for multiple B2B credit card processing services. These services can range from B2B credit card processing to online credit card processing. These services are designed to help increase business profits by offering extra ways to accept payments.
It is essential for online merchants to offer B2B online credit card processing. With approximately 175 million plus shoppers online in 2016, businesses looking to attract these shoppers may need to offer a variety of credit card payment options. A partnership with an online credit card processing company can considerably enhance a business’ potential to increase their profits.
Another way to increase profits is to offer a B2B credit card processing service. Businesses to business interaction occur for a number of reasons. A specialised B2B credit card processing service will generate a more rapid clearance of payment, especially when compared with customer processing services.
From the client end, effective software and solid integration of a quality payment processing system is essential and will ultimately drive profits. Thus it is imperative to ensure that the company that is processing the credit transactions is reliable and efficient. Values that will hold you in good stead for your business’s life time.

If you are an ecommerce site and are looking to accept payments through your website, GBO offers assistance with locating and finding B2B payment processing consulting so you can begin taking all kinds of payments online. Some of the benefits of payment systems include; getting a fully customized look-and-feel system, a payment gateway for your online incoming payments, full integration support, customer service and risk assessment along with opening of merchant accounts in top European banks.

GBO’s assistance with finding and locating B2B payment solutions technology is integrated with some of the world’s best acquiring banks and payment institutions.  The B2B electronic payment gateways offer a highly secure server environment through built-in risk and fraud management algorithms.

Corporate purchasing using cards is growing exponentially and makes up over 40% of all B2B purchases. Therefore it is becoming increasingly necessary to accept corporate and government purchasing cards as a form of payment. The benefit of doing so, can prove to be a huge financial benefit, that often, even well established and successful businesses are unaware of. The use of cards for B2B purchasing has doubled in the past five years and is expected to continue to grow at a rate of no less than 10% annually over the next five years. Merchants that already accept card payments from other companies or from government agencies can improve B2B and G2B processing for maximum efficiency and profits.

One of the major benefits of accepting B2B payment forms is that it enables a business to accept a wider range of online payment methods, including corporate and government purchasing cards. This allows customers an incredible level of convenience and in effect generates more sales and higher profits. Furthermore, these profitable benefits help to offset the costs associated with B2B card acceptance.

It is always a good idea for businesses that already accept corporate cards and government purchase cards to periodically review their processing costs and overall B2B efficiency. A significant number of merchants currently process cards incorrectly. This often results in the negative consequence of having to pay higher rates, which can add up to thousands of dollars in lost revenue every year. Alternatively, they may not use the proper tools and technologies that allow them to process such transactions efficiently. Let an experienced and reputable merchant services provider guide you through the process of setting up your B2B payment processing systems so you can begin accepting corporate and government cards successfully.

No matter which B2B processing service and mothods you select, you should expect it to provide you with the basic services that you need in order to accept payments.
Regardless of the B2B processing service or methods you choose, you need to ensure that it will provide you with a standard service that will allow you to accept the full variety of customer payments. Along with the ability to process all major credit cards so you do not lose sales. The company you choose to help you set up your payment processing should be fully compliant with Data Security Standards (DSS) as established by the Payment Card Industry (PCI) and in the process support you in obtaining PCI compliance. A reputable and professional B2B payment processor should offer you readily accessible customer support, providing you with assistance irrespective of the time of day. This is necessary to ensure that you get the assistance you need to immediately resolve a processing issue and be able to accept payments with the least inconvenience.