Merchant account services like those offered via payment processing companies have multiple unique benefits, the first of which includes utilizing online payment processing services that are safe and that allow companies to bill their customers through email rather than have to use paper. Many companies use online credit card processing today, but the smart ones use professionally serviced merchant account services for processing credit cards. They do so because the way they handle their B2B credit card processing transactions is different from the types of transactions used B2C companies, and the transaction software is different too.
Plus, the B2B supply chain financial speaking includes lots of companies, from ERP vendors and commercial banks to billing and collections companies and outsourcing companies. Companies have lots of people to bill and lots of companies to pay money to, so by using these online based merchant account services they have all of their ducks in a row. They get to comply with Payment Car Industry Data Security Standards, or PCI DSS, in terms of storing and keeping track of consumers’ and businesses’ cardholder information. But this really is just one of many benefits of utilizing such a service.
These merchant account services are critical for all sorts of commercial businesses. Take for instance the online travel booking and flight based industry. In 2011, more than 33 percent of the online based transactions that occurred were in this field. It represents just one of the myriad industries in which these services are vital.
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