The incidence of thefts have increased in the present times leading to people no longer feeling safe about keeping cash with them whilst shopping or eating out. Even at home, a huge amount of money is not being kept. This has resulted in the rise of debit and credit cards usage. Business owners are utilising merchant account payment gateway to ensure streamlined and safe transaction.
Read on to know how online payment gateway is lucrative for businesses and end-users.
# Credit and debit card payments
Today, payments made by credit and debit cards have become commonplace. Online payment gateway makes transactions made by debit or credit card easier and efficient owing to its batch upload capability. It makes many transactions in a single file possible and also carries out swift verification of accounts.
# ACH payments
The Automated Clearing House (ACH) systems enables banks to send money electronically. With the help of independent payment gateway providers, businesses will be able to accept ACH payments. Business-to-business transaction, bill payment, e-commerce processing and other transactions can be easily accepted with this system.
# Lowered risk of theft and loss
Payment gateways compliant with PCI DSS employ industry-standard encryption and secure all sensitive data. It acts as a shield for both the consumers and merchants from any kind of fraudulent activities.
Online payment gateway have become an inseparable part of businesses accepting card and digital payments. Embrace the technology to take your business to the next level.
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