With Online Payment Systems, Your Business Can Grow Farther Than You Ever Hoped
Did you know that shoppers nearly spent $1.25 billion on Cyber Monday in 2011, and that’s only about 12% of all online sales in November? The real question, though, was if your business was able to get in the action? Of course, without any online payment systems, it couldn’t have.
With online payment systems, your business will be able to take part in more than online shopping, or generally speaking, consumer purchases. Online payment systems also facilitate e-commerce, which includes a large business-to-business component. In 2011, e-commerce sales shot up from $72 billion in 2002 to a staggering $256 billion in 2011. What this all means is that your business will become accessible to a larger amount of people, which, of course, translates into higher sales.
If you want to get in on this action, you can set up merchant accounts online with payment processing companies. These companies will give you payment processing software to create online payment systems that will allow customers to easily purchase your goods and services, and will also allow you to make business transactions online as well.
Only payment systems are fast, reliable, and, most importantly, secure. In these online payment systems, there are three levels of detail in ascending order. Level three, being the most detailed, generally involves either corporate credit cards or government-issued cards. All online payment systems have to meet a certain standard, and many of them go above and beyond to deliver the highest customer assurance they can. These Payment Card Industry Data Security Standards apply to all organizations or merchants, regardless of size or number of transactions, that accepts, transmits or stores any cardholder data with their online payment systems.
You can easily increase sales simply by installing secure online payment systems, and there are plenty of companies that can help. If you have any questions, feel free to ask in the comments! Learn more.