Innovative e-commerce solutions

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Nowadays more and more businesses are moving online. Some of them are engaged in online trade, both retailing and wholesaling, and others provide services via the Internet. In both cases such businesses deal with the customers’ payments. In order to have the option for processing online payments, it’s necessary to open an e-commerce merchant account for such a business.

There are many options for doing so. For example, merchant accounts can be opened by the bank with which you are in business for over 2 years (if not, it’s necessary to look for the banks which accept that your business is younger), but in general, it’s much more convenient to open your e-commerce merchant account with some independent sales organization or merchant service provider (MSP) that operate online. Usually, regular MSP’s services include ACH processing and providing of the online payment gateway, which are both integral parts of the full-cycle online merchant services.

Online payment gateway is the virtual access to the bank terminal, where a client can log in and store the credit/debit card data. Usually merchant service providers employ the third party for delivering such service via the MSP’s website, but some others have their own online payment gateway. 

ACH payment is the online payment via the automated clearing house network. Such mode of payments for an e-commerce merchant account is incredibly convenient, as it operates directly from one account to another with minimum errors and maximum speed of money transfer. Basically, online businesses prefer ACH payment form for they are simple and there’s no need to take time with e-mails, papers, and checks.

There’s little time required for the financial transactions, which considerably speeds up the whole process. Generally speaking, ACH payment and similar forms of online payments just replace land-based check banking with online checks.

Such forms of online banking as via the e-commerce merchant account allow to develop into international markets with little efforts for a short period of time.