Advantages of Online Credit Card Processing

If you own an online business and don’t already accept credit card payments you should consider doing so immediately. Nowadays upwards of 80% of consumers use credit cards to pay for products and services online. If you don’t accept credit card payments regardless of how small your business is, you risk losing customers and profits.

Credit cards are often preferred by customers because they are safe, secure and easy to use. Many people rely on credit to buy gifts and business items. Some customers will walk away from a website and not even look at the products and services if they know that credit card payments are not accepted. For that reason alone it is very important you consider credit card payments. Here are just a few of the benefits credit card processing has to offer:

You provide your customers with a secure and easy to use online method of payment.

Your customer’s purchase is guaranteed and protected by the credit card company.

Customers receive instant satisfaction because they can order products and receive confirmation, and sometimes download their product or service within minutes of placing their order.

Businesses that accept credit card payments will improve their sales and profits exponentially.

Accepting credit card payments makes a business look more professional and established.

Credit card processing ensures optimal customer service and convenience.

You don’t have to worry about bounced or bad checks or wait several days for a payment to clear when you use online credit card processing.

Credit Card Payments

Essential guidance for preventing fraud in the card-not-present (CNP) space

This book focuses on the prevention of fraud for the card-not-present transaction. The payment process, fraud schemes, and fraud techniques will all focus on these types of transactions ahead.

• Reveals the top 45 fraud prevention techniques
• Uniquely focuses on eCommerce fraud essentials
• Provides the basic concepts around CNP payments and the ways fraud is perpetrated

If you do business online, you know fraud is a part of doing business. Essentials of On-line Payment Security and Fraud Prevention equips you to prevent fraud in the CNP space.

From the Back CoverThe essential guide to e-commerce fraud prevention

Doing business online means your company must efficiently, reliably, and securely take payments from consumers and other merchants. The first book of its kind to focus exclusively on electronic commerce (e-commerce) fraud prevention, Essentials of Online Payment Security and Fraud Prevention provides you with the information you need—right now—to find, assess, and select the right fraud management options for your e-commerce channels.

Drawing from the author’s experience in the information technology, e-commerce, electronic payment, and fraud prevention fields, this is the ultimate quick and dirty guide to the prevention of fraud for the card-not-present (CNP) transaction. This practical resource reveals:

• The top 45 e-commerce fraud prevention techniques

• Fraud basics for companies doing business online

• How big e-commerce fraud has really become

• Key concepts for e-commerce credit card payments

• Anatomy of fraud strategy

• Strategies to protect yourself from identity theft

Need a quick primer to e-commerce fraud prevention? Essentials of Online Payment Security and Fraud Prevention explains it all in a way that helps you hit the ground running in preventing fraud in your business’s e-commerce efforts—before it eats away at your bottom line.

About the AuthorDavid Montague is the President of The Fraud Practice LLC and has worked as an executive consultant in the information technology, e-commerce, electronic payment, and fraud prevention space for eleven years. He has held management and executive consulting positions with CyberSource Corporation, IBM Global Services, and Watson Wyatt Worldwide.

Often business owners obtain business credit cards in order to take advantage of reward programs like cash back incentives or airline miles. However, business credit cards offer a lot of other benefits to help businesses keep track and manage expenses. With less danger of impulse spending with a business credit card, the specialized statements you can get from your business credit cards can keep your expenses organized and easy to follow.

Many people are concerned about how easy plastic makes spending money. Yet business credit cards are rarely used for impulse or unnecessary purchases, instead they are used as a convenient way to purchase things the business needs. When you use a business credit card, you will be able to rack where your money is going more easily, allowing you to create a more accurate budget.

Most business credit cards offer an expense reporting option that breaks down your purchases into common categories. This breakdown allows you to analyze the data provided by your business credit card in order to see what percentages of your spending are going to specific types of expenses. For instance, you will be able to see how much you are spending on office supplies versus entertainment or travel.

Some business credit cards allows you to customize your statements or provide them to you in a format that is compatible with many brands of business supporting software for accounting activities. Companies can now use these web-based reports to provide real-time monitoring of spending on a daily basis. If you are looking to have more control over your expenses along with creating an audit trail, using a business credit card can help.

Besides creating better reports, business credit cards also allow you to consolidate your expenses for a number of employees. Gone are the days where each employee has to submit detailed expense reports piled high with receipts that need to be reviewed and verified. Many of the companies offering business credit can break down the invoice into specific reports for each business credit card user. Business credit cards also help the employee who used to have to wait for the expense reports to be processed in order to receive a reimbursement check.

Business credit cards that are compatible with new expense reporting software simplify the process for both the employee and the accounting department. While your invoices can be broken down by employee, this reporting software allows your staff to look over and approve their charges before submitting an expense report electronically. The software also allows you to forecast future travel expenses.

Read the rest of the article here: Business Credit Card.

The Tool Logic CX-005 – T1 Business Card Twin Set Includes the T1BCC and T1BPC.