The Top 3 Ways To Collect Online Payments In The Digital Age
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There is no doubt that the digital age is upon us. For the most part, anything sold in brick and mortar stores is now also sold online. Selling goods and services online means consumers need a safe way to pay online. Technically speaking, there is no need for one to leave their house. This fact will only increase as technology advances. There is no looking back. There is only looking ahead.
Companies that fail to adapt will be left in the dust wondering where they went wrong. Most organizations must have the capability to accept payments online. This holds even for industries that have not traditionally done so in the past, such as auto finance, healthcare, insurance, and property management, to name a few. Companies also need to provide customers with multiple online payment options.
Accept Credit and Debit Card Payments
Providing customers with the option to pay via a credit or debit card is the easiest way to accept payments online. It is also the most common. The majority of consumers use credit and debit cards to pay for products and services.
To get started, you need a merchant account. Merchant accounts are typically acquired through payment processing specialists such as Payment Savvy. It is important to work with an experienced and reputable payment processor. Otherwise, expect to pay higher processing fees and receive lackluster customer support.
Electronic checks, or ACH payments, are also a popular way for businesses to accept payments online. This method allows consumers to transfer funds from their bank account to you electronically.
The consumer inputs their bank account information into a safe and secure online payment form. The form is typically located on the company’s website via a payment portal or landing page. One can even set up regular, recurring payments via their checking account online. Sounds like something your business needs? Be sure to consult with your merchant provider to ensure the option is available on their platform.
Accept Mobile Payments Online
When was the last time you entered a public space and did not witness someone on his or her smartphone or tablet? Been a while. Consumers now use handheld Internet-enabled devices more frequently than computers. The technology provides people with the option to learn, socialize, and shop while on the move.
Having an intuitive and mobile-capable online payment page will allow your customers to easily and safely pay online. Payment Savvy specializes in providing businesses with the ability to accept payments online. Please contact Payment Savvy today to learn how we can create the perfect payment solution for your business.