Online payment solutions for businesses

 Online payment solutions for businesses

Every business small or big has one common denominator. They should accept credit cards. Accepting only cash or check is missing out on sales. Without credit card payment capability online presence will mean nothing.

Choosing an online payment service provider who offers the best credit card processor will maximize your business potential and ensure growth. Here are some guidelines in choosing your business payment solutions provider.

• Transaction rates
• Setting up
• Contract terms
• Types of processing
• Types of payments accepted
• Processing time
• Customization option
• Third party integration
• Report analytics
• Customer support 

These are key parameters on which to base your decision.

Here is a guide to some online payment service providers (This is not a soliciting list).

Amazon Local Register: This is a mobile credit card processor. Very low swipe rates. Zero monthly fees nor international fees. Works with Amazon payments account and works on Android, iOS and Fire OS.

Electronic Cash Systems (ECS): They provide credit card readers, checkout terminals and online payments.

Merchant One: Popular among small businesses. Low swipe rates, same day approval with free account setup. Full fraud support and 24x7 help desk. They provide startup cash for new businesses.

Paypal: Ideal for low volume small business. Accept all types of credit cards - Affordable and easy to use. Rewards program, POS integration and financing for customers.

Payment Asia: Accept all credit cards. Easy to setup.Multi-currency transactions in South East Asia.

   

            

Payment asia reviews from Payment Asia Reviews on Vimeo.

Square: One of the best mobile credit card processors. Very fast processing and simple to use. Zero credit checks. Start with a simple card reader and as the business gathers strength transition to Square POS system. Free online store and provide business loans too.

These credit card processors are only representative. You will need to assess your business and then factor in a SWOT analysis of the payment service provider before deciding what suits you best.