|How Payment Gateway Works|
A variety of studies and research over the years have found that customers spend more when given the option to use credit cards over cash. In fact, research from Community Merchants USA noted that in one survey, sponsored by Intuit, 83% of small businesses that accepted cards saw an increase in sales.This increase could directly impact sales and overall growth of your business.
A merchant account can lead to happy (and returning) customers simply because it gives them the flexibility to make purchases in different ways. Whether it’s with credit or debit cards, online payments through a shopping cart for your services, mobile payments, or recurring billing, your customer will enjoy their experience with your business when they can shop how and when they want—with ease.
Banks uses several methods to help keep your online payment information safe, including:
Accepting credit cards and moving to online payments streamlines the way your business handles transactions. Instead of counting cash, electronic payments will help keep you organized and allow for better cash flow management and forecasting.
Once you've set up your bill payment service online or on your mobile device, it only takes a few seconds to pay your monthly bills. Simply select the payee(s), enter the amount, choose a delivery date and you’re done. And if you don't want to have to sign in every time you get a bill, most services allow you to set up automatic recurring payments. Select your payment amount and monthly delivery date once and then forget about it. So whether you want to keep your online payments basic and simply make a payment whenever you're ready to, or you want to clear some things off your to-do list and have bills paid automatically, online bill payment makes paying bills a breeze.