Nowadays, e-payments
are getting more and more exposure following their popularization amongst small
independent enterprises. One factor to justify this boost in billing facilities
could be highlighted by the simple workings of these methods. Indeed, the
completion of electronic payments is pretty basic as there are only three
parties concerned whenever an online transaction for instant products or
services is being validated by the customer. The usual trio consists of the client’s
traditional banking account, your enterprise’s banking account and a mediator
billing platform which allows seamless transfers from one party to another. It
is this charging facilitator that the e-finance industry calls a payment
processor.
For the
longest time card transactions were the most common way of processing a
customer’s payments as the billing system for companies was not well updated
with these cashless technologies. Nonetheless, the main purpose of small
compagnies should also be getting a bigger range of facilities, which can be
quite tricky as you must measure the fees of maintaining the different e-payment
processors. The fact that some platforms would charge you a processing fee at a
fixed sum thus deducting their due on an approximative percentage of your seamless transaction numbers while others will simply
request you pay them a rental fee per month can be confusing.
Credit: mohamed hassan/pxhere/ CC0 1.0 Universal (CC0 1.0)
Public
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Small
businesses can grant better and quicker service to their customers using their
mobiles for an e-payment transaction
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