Business & Finance Electronic Commerce

Accepting Online Payments: Business Advancement With Online Payments Processing

Accepting online payments has proven to be an economic goldmine for internet-based companies.
Brick and mortar storefront businesses have also begun to take notice, resulting in an increase of websites that are no longer limited to retailers without physical locations.
Well-established merchants have come to realize the incredible opportunity the internet brings by way of exposing potential customers to merchandise all over the world, who otherwise would have been required to visit their store in person.
Companies with High Online Success Rates Business owners may hesitate to have a website built out of fear their product doesn't fit the standard criteria of products and materials.
The fact is virtually any merchandise is appropriate for internet shopping, including geographically-dependent companies.
Services which are reliant on a specific location such as food delivery, home and garden maintenance, or repair labor may not apply to the entire web, but they certainly apply to potential customers browsing search engines in that area.
Perishable items like food were once thought to be out of the question for internet retail.
Junior's Cheesecake of New York City is an example of a successful company reaching far beyond a city or even statewide following.
Orders come in from customers all over the country who are dying to try, or have one of their unforgettable famous cheesecakes again.
A simple process of packaging shipments with dry ice made this expansion possible, with the help of expedited air delivery.
This method is costly, but the loyal customer considers the only other chance of sugary bliss is attached to a plane ticket headed for JFK (John F.
Kennedy International Airport)! Many customers prefer to shop at their computer.
Perhaps they don't feel like loading the kids up for the mall, or they are sneaking a little shopping in at their desk on a workday.
Some customers are simply unwilling to battle the crowds during the holiday retail season.
The birth of "Cyber Monday" as an electronic super savings day is an example of how consumers are shifting away from the infamous, hectic "Black Friday" in stores.
If you own a store without a website, it is very possible you are missing out on a great deal of sales and electronic payments.
In 2010, comScore reported that consumers spent a total of $1028 Million on Cyber Monday, marking it the highest spending day of the year.
Taking Your Business to New Heights To get started, companies will need to have a simple website established for customers to view images of products with descriptions of each item.
Processing orders and collecting funds through the website typically involves adding a virtual shopping cart for buyers to enter all of their billing, shipping, and financial information.
In order to have basic function of the shopping cart, business owners contact merchant account service providers to assist them with creating a means to receive electronic funds.

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