More and more, consumers are utilizing the internet to make purchases. eCommerce sales grew from 72 billion USD in 2002 to 256 billion USD in 2011. Interestingly, online purchases are especially big in the travel industry: In 2011, one third of eCommerce transactions were generated by online flight and travel booking services.
In order for a company to effectively sell products online, they must have an effective online payment system and online credit card processing system, including internet merchant accounts and a payment gateway service. Internet merchant accounts are merchant accounts specifically designed for processing credit cards online. Security in regards to internet merchant accounts is very important; PCI DSS (Payment Card Industry Data Security Standards) apply to all organizations or merchants, regardless of size or number of transactions, that accepts, transmits or stores any cardholder data. An internet merchant account typically has more security controls than a traditional merchant account. Working with an online payment processor to establish internet merchant accounts and payment gateway services can free up a small business from security and paperwork issues
When establishing an online payment system it is important to note that business buyers and consumer buyers are very different and they require a different online payment processing service. Business to business, or B2B, credit card processing services are specifically designed for merchants who serve business or government clientele. B2B credit card processing plans provide flexible, stream lined, low cost services. B2B plans are essential for merchants who serve a business or government clientele.
Typically, an online payment processor is partnered with merchants through software as a service (SaaS). Arrow Payments helps businesses securely process credit cards by providing a robust payment gateway and exceptional customer support. They provide B2B credit card processing services, eCommerce online credit card processing, and Internet credit card processing, helping to ensure that credit card processing online is highly secure and highly efficient. For B2B credit card processing merchants, specifically, they provide fast and efficient level 2 processing and level 3 processing and payments. Effective, efficient, and secure online credit card processing, especially B2B credit card processing and internet merchant accounts, is essential if you to ensure that consumers are able to purchase your products from your website; look into Arrow Payments to develop an online payment system for your business.
Learn more at this link: www.arrowpayments.com