Ecommerce

When you receive your paycheck via direct deposit, transfer money between bank accounts, or schedule a recurring payment from your bank account, your money passes through the Automated Clearing House Network, or ACH. However, payments processed through ACH payment processing are not immediate.

Whether the issue is skepticism or suspicion about data security, implementing these tips can help overcome customer hesitation in using online payment processing services. The result will be increased convenience for your customers and streamlined debt collection processes for your company.

Providing a variety of online bill payment options, exercising flexibility in payment scheduling and optimizing mobile payments are all essential elements in today’s collection process. Secure online payment processing complements your company’s staff to maximize the amount of money obtained through your company’s collection efforts.

With credit card purchases, authorization is just the first step. For payment to appear in the merchant’s account, there are three other steps in the card processing transaction lifecycle. It’s important to have a risk management solution in place to ensure that transactions are processed successfully.

Walk-in payments options can take many forms. Walk-in payment kiosks can be configured to accept cash as well as other payment options such as credit cards, debit cards and prepaid cards. Consider some of the ways that walk-in payments can benefit your business.

Taking a proactive approach to collecting on-time payments can be a win-win for both merchants and customers. Exercising flexibility in accepting payments, communicating priority to customers through shorter payment periods, providing positive incentives for online payments and keeping the lines of communication open are all productive strategies increasing on-time payments.