Is Your eCheck Payment Processing Service Smarter Than a 5th Grader?
You deserve an echeck payment processing service that's smart, adaptable, and capable of working hard for you.
With that in mind, it's quiz time!
Can a 5th grader answer these questions? What is a payment processor, and what do they do? How does a payment processor help businesses?
If you're not sure, don't worry - most business owners don't even know the answers to these questions. That's because payment processors are often taken for granted.
In this blog, we'll explain what payment processors do and how they can help your business run more efficiently.
Stay tuned to learn about a reliable echeck payment processing service that IS actually smarter than a 5th grader!
What is an eCheck Payment Processing Service?
A payment processor is a company that helps companies accept payments by credit card, debit card, or bank transfer (ACH). They do this by authorizing the transaction, ensuring the funds are available, and then transferring the money to the merchant’s account.
Payment processors also help businesses manage their customer’s data securely. Most echeck payment processing services do this by storing the customer’s data in a secure environment and transferring it to the merchant in an encrypted format.
This helps to prevent data breaches and fully protects the customer’s sensitive information.
How Does a Payment Processor Help Businesses?
Payment processors help businesses by providing them with a way to accept payments from their customers. They also help to protect the business’s customer data and manage transactions securely. In addition, payment processors can also provide businesses with other services such as fraud prevention, chargeback protection, and merchant advocacy.
Chargebacks happen when customers dispute a charge on their credit card statement. Customers chargeback for a number of reasons, including that they didn’t receive the goods or they felt the business overcharged them.
If a merchant gets too many chargebacks, the merchant account could be at risk of being shut down. Working with a payment processor can help prevent chargebacks by integrating with businesses to identify and resolve them before the chargeback has any negative effect on the account.
Payment processors offer your customers more payment options. They allow you to accept payments online, which can help you reach a more extensive customer base.
And if you sell internationally, a payment processor can help you to accept payments in different currencies. Also, rather than "CASH ONLY," payment processors offer more diverse transaction options for your customers.
Is Your Payment Processor Smarter Than a 5th Grader?
Now that you know a little bit more about echeck payment processing services and how they can help your business, it's time to ask yourself - is your payment processor smarter than a 5th grader?
We think so, but don't just take our word for it.
As business owners and employees, it is your turn to evaluate your current payment processors' suite of products and see what they offer you!
SeamlessChex: an eCheck Payment Processing Service That Works for You
Seamless Chex is your best bet! We are a reliable and affordable payment processor that gives businesses a wide range of services.
Understanding payments intimately, processing your transactions securely, advocating for merchants to banks, simplifying credit card and ACH processing - Seamless Chex offers all these things and more! We are a reliable payment processor that you can count on.
Smarter than a 5th grader? Absolutely.
Do you have any questions about payment processors or how they can help your business? Contact a Seamless Chex representative to find out how our payment solutions can enhance your business.