Let Us Know the Services Provided by Debit Card Processing Company
Any business with a service or goods to sell, they are going to need a company to handle their card transactions; basically they are going to need a credit or debit card processing company. If you have a business where money transaction is done online, you should understand the details about online payments and offline merchant services.
How a credit card payment is executed?
In an online portal, after you have chosen the item or service you want to purchase, it asks you to fill the details necessary to enter the payment gateway. Once the payment is authenticated and the seller receives the money, the payment is made. This is the basic process of any online transaction and something around which the base of ecommerce is established. To make sure that all these payment travel from the place to place it is supposed to go, there are merchant services helping the payments to go successful. All these merchant services have common purposes but different working process.
Let’s know about different Mobile Payment Solutions
PayPal is a service that allows users to pay online using their mobile; PayPal is supported for various countries and even more diverse range of currencies. All you need is to set up a free account and verify the details of their Bank Account and details of the card and your account will be active in no time. Almost everything on the internet which accepts online payment accepts PayPal payments. For this service, they charge minimal fees, which is as less as 1 percent of the total amount involved in the transaction. It also charges a fee for currency conversion if the payer and payee are from different nations.
Google Checkout: this can be a payment service by web giants Google; this service is merely on the market for US and Great Britain merchants. Google is in talks with several collaborators to expand this service worldwide. this can be nearly as good as PayPal and therefore the major advantage of Google Checkout is that it's fee free for the merchants it serves, that's the merchants in US and Great Britain.
Online Banking: on-line Banking or checking account merchandiser is nearly as good as PayPal or Google Checkout. It secure and can send the money anyplace within the world. Solely some of banks don't offer on-line banking of such facilities. During a bank merchandiser, there's a lower process fee than payment services like Google and PayPal.
The author is an investment banker who works with a leading international Bank. He has an experience of over a decade. He sometimes writes about Debit Card Processing Company and Mobile Payment Solutions.