Businesses that actively utilize website credit card processing know how vital it is to be aligned with small business merchant services that provide a dependable and secure environment for customers. This mutually beneficial arrangement between you, the small business merchant, and the online payment system is typically administered through software as a service, or SaaS.
The rise of mobile shopping has only served to increase the need for quality online credit card processing, as indicated by 12 percent of shoppers in 2011 who used their mobile devices to check out a company’s online products, While the rate of finalized purchases among those consumers was not even at 3.5 percent during the previous year, 2011 saw mobile purchases surge to 6.7 percent. These kinds of mobile transactions benefit directly from processing systems that are stored in the cloud, because no matter where the purchases were made, they can be immediately through what is called the receivables management platform. And because the payment is processed more quickly, money otherwise spent on additional resources is saved and the product is delivered to the customer with in a timely manner, and with greater efficiency.
But what if the expansion of your small business requires that your merchant processing to include B2B payment solutions, also known as business to business? In that case, teaming with a company such as Arrow merchant account services may make the most sense. These companies are equipped with the infrastructure to handle Ecommerce payment processing that can sufficiently facilitate business to to business transactions, unlike standard online shopping which is generally restricted to individual customer transactions. B2b Ecommerce solutions often entail the use of government payment card or corporate issued credit card, which would place them in the category of Level 3 processing.
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