eCommerce Business Payment Processing
At Radiant Pay our eCommerce credit card processing makes you allow to grant business transactions with your customer online. Whether you start your own online business or conducting business offline. Ecommerce business payment processing may be complex to start with new especially to new online business owners, a business owner wants to know what is required to have a flexible e-commerce payment processing and how much it would cost to have this kind of service
While you start e-commerce credit card processing for your business all you need to have a Merchant Account. This account allows you to accept any card payment and will deposit this payment in your bank account. Once you received your payment through credit or debit card it will pass to your merchant account. Your merchant account provider will transfer a direct deposit into your funds on a timely basis that has agreed with them. The funds will be deposited on a daily, weekly, or monthly basis, and there will be a percentage of payment that a provider will hold to cover any additional charges, and further, they will release your remaining amount to your bank account.
While having merchant account Encryption is very important for the security purpose of your account this will also estimate the fact that your eCommerce payment processing is done online inflexible way. Without encryption there is a possibility of fraudulent activities that the payment information sent may be stolen by thieves. So apart from having a merchant account, purchasing eCommerce credit card processing would help you to have a secure gateway system that will safeguard the payment transaction. Other service providers provide this gateway system for a fee and some merchant account providers will provide gateway systems but will charge higher compared to other gateway service providers.
Your account will be set up in a manner that a customer puts in his/her card information in purchasing goods or services that you selling online. In setting up for a merchant account, your provider will be the one to arrange for you with instructions and details on the mentioned payment processes.
Though you might be new with eCommerce credit card processing, you will get whole assistance and setup guidance from the representatives of your service provider. They will set up your account for online business transaction and that will help to explore your business with a new dimension.