Tag Archives: accept card payments

Business services, card payment strategy, Card Processing Services, check processing solutions, Credit Card Processing, digital payment system, High Risk Merchant Account, high risk payment processing, Merchant Account, Online Credit Card Payment Solutions, Online Payment processing, Online Payments, online shopping, payment gateway Solutions, Safe card processing services

Credit Card Processing That Considerably Cut on Startup Cost

November 13, 2021 admin Leave a comment

In this hard economic crisis time, a huge number of business owners are gearing toward online businesses. And why not? Starting an online business gives you many opportunities to grow business and at the same time one can expand the business at International level. Online business not only saves up the payment space but it can cut down the overhead startup cost of the business.

You also save up on insurance and utility costs. Many business owners are setting up the idea to establish their own system, and after some period this system will be entirely online based. If you set up an online based business-be it large-scale or small-scale, most of your services payments will be done through credit cards. If you do not start taking or accept card transactions, then you will lose a huge number of sales.
Nowadays, many customers are looking for online payment mode which is reliable and convenient, and if you do not accept the online payment method, they might move to another website, which will offer the best mode of payment. A recent study indicates that the businesses who do not accept credit card payments have lost sales upto 400% higher than the one who owns the online payment mode.

\Setting up the system to accept card payment is so easy and convenient. For the set up, you have two options. You could apply for the Traditional merchant account. With this option, you will have to pay the set up fees and an extra charge every month.
The second option is to go for an online card processing company, which gives you the best card processing services, without charging any setup fees. Finding a reliable card processing company for a business is just a step ahead, you will find a huge number of companies online or service providers that give you best rates. At first, you will not be able to foresee how many transactions you will undertake per month. Therefore, avert going for the lower transaction fee-higher monthly payment. Until you are certain of the number of transactions in a month, you should go for the higher transaction-lower monthly pay fee. With the latter option, you will pay for each transaction and about $10 per month.

With the proper research and scrutiny of the online card processing providers an online merchant account will ensure that you sign up with the right company. One should [pay attention to the extra cost to any company that offers bonuses and application fees. You should opt for a company that will be able to alert you, through your phone or mail, of any credit card payments and transactions. It will cost you somewhat less if you accept a $70 credit card payment than creating, printing and mailing an invoice to the client.

Whether you are establishing a small online business or extending your already successful business, accepting card payment will definitely decrease debts. This will increase the overall cash flow hence increasing profits for the business. Constantly making high profits will ensure the prosperity of your business.

All in all, you should be familiar with the overall credit card processing procedure. It is essential to know what your business needs or requires and how you can make it happen. Accepting cash payment is one of the tough task for online businesses, hence, considering online payment method with credit card processing is best, where everything is handled and seen by banks which gives you less stress, and you can concentrate on sales and expanding the business.

ACH Payment Processing

ACH Transfer| How They Processed and Work?

June 7, 2021 admin

ACH transactions are computerized payments that provides benefits to customers and merchants in an inexpensive way. It is controlled by an automated clearing house network, funds are transferred directly from on bank account to another. This type of payment are automated or recordkeeping and offers an easy way of the electronic payment system. ACH payments are the most popular form of payment transfer method for many businesses that they can offer to their consumer, as it cost low transaction fees and convey predictable processing timelines.

Every year more than 25 billion ACH Transactions are been processed by the ACH network. Radiant pay facilitates ACH and Check Processing, stat testing the system with radiantay.com to know the better language of ACH Payments.

Now! How Does This ACH Network Work? Let Us Explain

Many business entities pay wages through direct deposit or let us say consumers pay bills electronically, nowhere ACH payments are responsible for those payments.

Some Takeaway of ACH Payments

It is an electronic bank transfer that is processed through the Automated Clearing House Network.
ACH Payments are most commonly used for employers to pay the payrolls directly into the bank accounts.
ACH transfers are inexpensive, quick, secure, and fast.
It is easy to keep the record of income and expenses with every transfer, however the bank creates an electronic record of ACH transfer.

Types of ACH Transfer

Gone those days when you have to walk-in for bill payments or wait for a check to clear, ACH transfer make life easier for consumer and merchants. One can conveniently transfer or receive the amount just sitting at home. ACH Network Processes two kinds of transaction i.e.

Direct Deposit

Direct Payments

Direct Deposit is a kind of electronic payment made from a business entity to the consumer. It includes:

Pay checks
Tax Refund
Interest Payments
Government Benefits
Annuity Payments

ACH Direct Payments can be used by single persons, businesses, and other entities to send money. For e.g, if you’re recharging your DTH Plan online with your bank account, that’s an ACH direct deposit.

Business services, Card Processing Services

Card Payment – Top Time to Choose this Payment Option

January 29, 2018 admin

While most businesses today offer the option of card payments, there are a handful of businesses that still have to get onto the credit card payment bandwagon. If your business is one such business that is still going old school and accepting only cash payments, it’s time you changed things around. If you have a fixed customer base and are happy and satisfied with the sales you’re getting currently, then you probably don’t need to. However, if you’re finding them your sales are dwindling and you need to up your game, then maybe its time you introduced the card processing option. Let’s not discuss exactly when you need to start accepting card payments:

When you find that customers from other countries and cities are interested in your products, but are unable to purchase them due to lack of payment options, it’s time you introduced the option of credit card payments.
If you’re beginning to lose old customers because of state of the art modern stores that offer credit card payment options, it is the time that you started offering your customers credit card payment options.
When you want larger volumes in sales, it is always a better option to provide card payment processing. Some customers have limited cash with them and are more comfortable making bulk purchases with credit cards. You don’t want to end up losing loyal customers just because you don’t have credit card payment options.

Things to Take Into Consideration When Choosing a Credit Card Processor

When selecting a credit card processor, make sure that you opt for a service provider who charges affordable service costs for payment processing. You don’t want to end up using up a chunk of money that you made to pay the service charges of the card processor. Also, make sure that the card processor offers the option EMV chip readers for the safety of your transactions and to prevent fraud.

Business services, Credit Card Processing, Merchant Account

Handy Benefits of Digital Payment System

December 14, 2017 admin

As we all know about the digital world, how it helps us to improve our life by using their benefits in daily curricular activities. Online payment systems are genuinely making our lives smooth and easy. There are so many benefits of digital payment systems in our life. These are:-

Discounts:
We can get 0.75% discount on online digital payment except for simple transactions just like in Delhi petrol is @ 63.47 but if you are purchasing fuel through digital services than you have to pay only Rs. 62.99 per litre. You also can do savings on tolls, tickets etc. By this payment services, you can improve your cash flow.
Tracking spends
It is so easy for people to keep track their spending of recorded transactions. It also helps in case of scrutiny and filing ITR (Income Tax Returns).
Budget discipline
It is very easy to keep written records of spending and it helps to make a better budget. Control over extra spend is a better option for budgeting and save high investments. If you want to save money, you’ll have to control your small spending. Just like if you are losing your Rs. 10 per day on chips, chocolate or candies than you’ll not able to save small currency notes or changes. And maybe this uncounted spend will sneak your budget at the month end.
Lower risk
In the case of stealing credit card or mobile wallet, it will be easy to get the block, but stolen cash will never come back anyhow. So, in that case, digital payment sources are very helpful and secure to us. So you can secure your money by using online payment systems, and it is a safe option too.
Small gains
Main plus point of digitalized payment service is that you can pay the exact amount at the cash counter. Just like, sometimes we need to pay Rs. 426 but due to a shortage of change we have to give Rs. 430 to the cashier and purchase candies of Rs. 4 is waste spending.
GO DIGITAL, GET DISCOUNTS:-
By using digital payment system we can save 20%to 30% cash. For example:- We get discounts in service tax 15%, in fuel 0.75%, rail tickets 0.5%, in rail catering 5%, at highway toll 10% and at insurance 10%.

Radiant Pay Official Blog