When e-commerce processing first came into existence, analysts predicted that it could become a multimillion-dollar industry. Now, it’s clear that what once seemed lofty was actually understated. Billions of dollars change hands online, and the vast majority does so via credit card transactions. This makes e-commerce processing more important than ever.
Is There Still Room to Enter the Online Business World?
With the emergence of giant online retailers, small brick-and-mortar companies may wonder if there is still opportunity online. The answer is definitely yes! Local companies can improve their businesses substantially by offering services like store pickup, pre-orders, online appointment setting, and more. Of course, competing head-to-head with the giants is also a possibility, and for those with a unique enough offering, it may be worthwhile.
What Should You Look For in an E-commerce Payment Processor?
One of the key things to seek is low fees. For obvious reasons, it’s good to keep these and other backend expenses low.
Along these lines, look for one that includes an Authorize.net gateway for free, like BAMS. Some processors charge a substantial amount for this, but not all.
The next thing to look for is a fast settlement of funds. The faster transaction money gets into your bank account, the better. Here at BAMS, we can get the money into your bank account in a day or less.
To get started on expanding into the e-commerce universe, just contact us. We’ll be glad to answer all of your questions and get you set up to accept payments online.