In the business world finding someone to process your payments can be stressful considering there is so much sensitive information involved and it is such a vital part of your business. Payment processing is a complicated process in which they are many options so you may want to do your research before choosing someone to send all your business’s profits through. There are many payment processing companies to choose from. When choosing one you want to find someone with a large payment gateway that can process many payments, A secure network that will keep all your business’s and clients credit card information safe, Especially with b2b credit card processing and payments you want someone that is going to use up to date processing techniques such as level 2 and level 3 processing.
Processing credit cards is a complicated process that involves many different types and levels of transactions for example there are level 2 and level 3 processing which are used for higher payments made through cards and often with b2b payments. These level 3 processing transactions use more information such as the order number, customer information and other things to allow the payment or transaction to go through more smoothly. Business transactions are very different than customer transactions and require different online payment systems. Where the level 3 processing comes in. The more secure the transaction, The smoother its going to go, and if there is error, there is the opportunity to fix it. Level 3 processing provides for a safe secure worry free online commerce experience.
With ecommerce growing it is ever more important to have the right online payment processor. While about 42 percent of people who make purchases from their cell phones or other mobile devices span in the age group of 25 to 44. Electronic bill payments surpassed paper billing in 2007 and in 2011 one third of online transactions were provided by online flight and travel agencies, Making level 3 processing even more important because while booking your flight or vacation you want everything to go smoothly and your or your clients information safe. Also online shopping is only growing, online shoppers are expected to grow from 137 million during 2010 to 175 million by 2016.
Payment processing can be a confusing thing so finding the right company in helping make sure that your payments run through safe and on time for both your company and your consumer. Companies that enlist ideas such as level 2 and level 3 processing are making sure your information is safe, Your transactions are accurate and valid, And that your business profits are secure. This is arguably one of the best things you can do for your online business.Share This : by