From 2002 to 2011, ecommerce grew from $72 billion to $256 billion. More importantly it is expected that in the United States alone the number of online shoppers are expected to increase from 137 million to 175 million. For many businesses, online shopping is imperative for its growth. And if you are among the businesses that require online credit card processing, here two tips on choosing an online payment processing company.
First, since not all payment processing services or payment processing companies are the same, the most important feature that you need to evaluate is the security feature of the credit card processing online. Being able to exchange money electronically in a secure fashion is what online payment services offer. It is the main thing that you cannot take for granted. Make sure that the company PCI compliant. This ensures that the company meets the security standard for credit card processing. Second, make sure it meets your requirements, such as level 3 processing and b2b credit card processing. Corporate credit cards and government issued credit card transactions are what are considered Level 3 credit card transaction. For example, it was estimated that on 2011 Cyber Monday around $1.2 million was spent by consumers. This is equivalent to 12 percent of the total online sales for the month of November. A significant portion of this amount was facilitated using b2b credit card processing. Ecommerce solutions, einvoicing, recurring billing, b2b credit card processing are just some of the other features that you might want from a credit card processing company. Visit here for more: www.arrowpayments.com