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Seven Benefits of Having Online Credit Card Processing and How It Helps Your Business

With over 250 million people now using cell phones with internet access, it is now more important than ever to have an online presence especially for any size and type of business.  More and more people are using the internet every day for connecting with family and friends via social media, marketing their businesses, as well as shopping. 

So what does that mean to you and why would it benefit your company to provide online credit card processing for your clients?

Expanding your customer base

The increasing number of people using the internet everyday also means an increasing number of people who are searching for your particular services and shopping online.  By providing your potential clients with online credit card processing, you are giving them the added freedom of purchasing from you online instead of going to your competitors. 

Ability to operate 24/7

Online credit card processing also gives your business the ability to operate 24 hours a day, 7 days a week.  Always having the door open to make purchases gives your customers the freedom and ability to be able to do business with you at 3 am, 10 pm, or anytime long after your office is closed down for the day.

Fast receipt of payments

The internet also provides instant receipt of payments.  Instead of waiting days for deposit or transporting cash to the bank, online credit card payments can be deposited into your bank account quickly without you ever having to do a thing.  With online credit card processing, you don't have to wait for banks to open or face a check that may potentially bounce.

Benefit of lazy shoppers

With the increase of mobile phones having access to the internet, less people are likely to venture out to make purchases when they could just as easily have it delivered or shipped to them.  By providing online credit card processing, you help them make that easy decision of buying from you rather than someone else that can provide that extra benefit. 

Security

Online credit card processing also allows businesses to avoid fraud and suspicious behavior.  Retailers should pay attention to their online payments but, fraud can be easily avoided by using secure online processing. 

Ability to accept different types of payments

The internet has created more versatility in shopping over the past few years.  The popularity of shopping online has also increased due to every sort of payment method acceptable.  As a retailer, you have the ability to choose which payment methods are right for your business.  Some available payment methods are all major credit cards, electronic checks, signature debit cards, and gift cards.  Online credit card processing gives you the ability to diversify which of these payments methods you prefer.

Online gift certificates

You can also utilize online gift certificates for those last minute gift buyers or those who aren't as mobile.  Customers buying a gift certificate for someone else never actually have to visit the physical location of your business, but can still buy from you for someone else.  Approximately 10% of online gift certificates aren't redeemed, according to the Consumer Affairs, which creates pure profit for you.

Feel free to review the Business.com pre-screened vendors on this page for your online credit card processing needs.