E-commerce Payment Processing Benefits for your Business

This is the digital age, so most businesses know the importance of accepting electronic payment, especially if they are leveraging the e-commerce space. PayPal is often a go-to choice, but what if a customer prefers something else? What if there is a processing solution that works better for your business than others? Here are a few payment processors that can help improve revenue and customer experiences.

Stripe

Stripe manages tens of billions of dollars every day, so as many as half of American residents paid via Stripe in the past year did so without knowing—they even recently partnered with Amazon. If you are a business owner looking for something flexible with carefully designed APIs (the software is easily customizable to fit your needs), Stripe is worth considering.

Deluxe eChecks

Deluxe eChecks are also beneficial for business payments, too. If you need to pay vendors, suppliers, or employees while simultaneously streamlining operations, electronic checks are a viable answer. You can even send them from your phone and save time on administrative tasks.

Cryptocurrency

One of the benefits of cryptocurrency is that it relies on blockchain technology. The blockchain is a public ledger that records all transactions and displays them transparently and immutably, removing the need for third-party verifiers. The system is a peer-to-peer network, so you can always see your payment histories, and its decentralized nature (meaning information is stored along multiple “nodes” instead of in centralized servers) discourages cyber hacks and double spending.

Due

Due does not charge transaction or monthly fees, making it an affordable option. It easily integrates into existing business operations, so you do not have to strain yourself in an effort to make it fit.

Why Integrate Different Payment Methods?

Let’s also address something important: why offering different or multiple payment solutions is necessary. When businesses partake in online commerce, they open themselves up to markets all over the world. In-person shopping will always have an essential economic and cultural place, but if you are a small business in the U.S. and someone in Morocco is interested in your product or service, why not humor them?

Basic cash and credit card payments are not going to suffice anymore. Consumers appreciate speed and ease, so businesses need to accommodate the changing attitudes that accompany advances in technology.