Payment System for Sending Payments Online
Sending money online is now more rewarding than ever. Whether you are a merchant looking to sell your services or a customer looking to buy, payment systems have simplified the process dramatically.
Until recently, online transactions had to go through a complicated Payment Authorization and Payment Settlement process. The customer input credit card details to a merchants website, which sent the details to a payment processing service that then routed the details to a financial institution. The issuing bank then authorized or declined the transaction to the processor who sent the result to the merchant which then needed to be accepted or declined. That was just part one. For a merchant to receive the funds, it contacted the payment processing service which verified transaction information from the customers issuing bank and finally sent funds to the merchants account.
All-in-one payment solutions for merchants that make it simple to manage customer transactions. Customers have the benefits of sending money privately from the convenience of their own home. Payment gateways also reduce the number of fraudulent transactions and make them easier to resolve. Say goodbye to fake transactions, identity theft, and chargeback disputes. By cutting out the middle-man, online transactions are not only more secure, but faster too.
More and more transactions are moving online. Not only are people buying goods shipped to their door, but companies are starting to pay for contract work, such as freelancers. Individuals have become the merchants who need a trusted payment system to rely on. There are many payoffs of choosing the right payment system
- Fast - Online payments are instant
- Easy - It only takes a few minutes to sign up
- Convenient - Transactions can occur anywhere and be sent to anyone
- Simple - Payments are recorded, searchable, and downloadable
- Private - Your transaction history can only be seen by you
- Secure - Personal details are encrypted and not shared with anyone
- Cost Effective - Low transaction fees and currency conversion