There are many avenues of payment on the market today that enable your clients to make payment for the products and services they order from your business. Basic payment methods like wire transfers (Electronic funds transfers), cash, direct bank deposit and cheques are accepted by most businesses and offer you clients a good base of…
I received an email this morning inquiring about payment gateways that support ACH payments. ACH payments is defined by the brains at Wikipedia as: “Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll…
A payment gateway facilitates the transfer of information between a payment portal (such as a website or IVR service) and the Front End Processor or acquiring bank; quickly and securely. When a customer orders a product from a payment gateway enabled merchant, the payment gateway performs a variety of tasks to process the transaction; completely invisible to…
In this day and age businesses are always looking for secure, hassle free ways of getting paid. No longer is the business owner bound to only receiving payments via cash, cheque or cumbersome and expensive funds transfers, you can get paid instantly by customers in every country the world for nominal transaction fees! This is…
We have come a long way from the days when cash and cheques facilitated our business transactions. The desire to increase the volume of our business, make our processes more stream-lined and time-efficient and provide excellent customer service has heralded in a vast array of technologies and facilities that are now so common place it…
So, you have issued your professional looking invoice, now you need to collect payment for it. It is recommended to give your clients as many easy ways as possible to pay your invoices. Collecting payment for the products or services you render becomes infinitely easier if you make it simple and easy for your clients…
The decision to accept credit card payments and so increase revenue to your online business brings with it the difficulty in choosing a payment gateway to process sales. In very simple terms, the gateway processes online payments by connecting your websites order form with the merchant account and returning the answer to the merchant and customer, either…
In today’s ever expanding world of payment collections the debit order reigns supreme as the ultimate low cost solution to efficient bulk payment collection. If you have thought about starting to utilize debit order payments for your collections then read this article to get an overview of this payment collection system. Let’s first have a…
