In today’s world of booming e-commerce and the shift towards online shopping, businesses, big and small, are hustling to find smoother ways to handle payments. And guess what’s leading the charge? Yes, you got it— credit card payments! They’re the go-to for convenience and security, making life easier for both sellers and buyers.
Here at We Tranxact, we understand how important seamless payment processing is for any business. Whether you’re a fresh startup or a seasoned company, being able to accept credit card payments online is an absolute game-changer. That’s why we’ve put together this detailed guide on payment processing services.
Understanding the Importance of Accepting Credit Card Payments Online
Embracing credit card payment processing services can help businesses significantly boost sales and customer satisfaction. By offering credit card payment solutions, you open doors to a broader customer base, both locally and internationally. Moreover, the convenience of online payments enhances the overall shopping experience, fostering trust and loyalty among customers.
Exploring Your Best Options for Credit Card Payment Processing Services
Let’s look at some of the best options for credit card processing:
Virtual Terminal and MOTO
For businesses engaged in remote or online sales, Virtual Terminals and Mail Order/Telephone Order (MOTO) systems are invaluable. Virtual Terminals allow merchants to manually input credit card information through a secure online portal, enabling transactions without the need for a physical card reader. MOTO transactions, on the other hand, involve payments made via phone or email, where the merchant enters the customer’s card details into the system.
At We Tranxact, we offer the services of Virtual Terminals and MOTO systems that ensure secure and efficient payment processing for remote transactions.
Marketplace Payment Gateway
Our Marketplace Payment Gateway technology simplifies and secures payments, empowering you to focus on expanding your network of sellers and customers. It offers access to 24 card processing options, allowing seamless transactions with credit cards, debit cards, Apple Pay, JCB, WeChat, AMEX, and local payment methods.
Moreover, you can manage everything effortlessly within a unified system – user roles, verification statuses, payouts, chargebacks, and insights. Moreover, it can help tailor payment flows with ease, from subscriptions to conditional fund releases.
Chip and Pin Technology
Chip and Pin technology involves embedding microchips into credit cards, adding an extra layer of protection against fraud compared to traditional magnetic stripe cards. This technology, also known as EMV (Europay, Mastercard, and Visa), requires customers to input a personal identification number (PIN) for transactions, minimizing the risk of counterfeit card use.
At We Tranxact, we offer no lengthy contracts. Starting from £1.99/week, our Spire machines offer flexible solutions without commitments. You can embrace faster transactions with fixed, Wi-Fi, GPRS-enabled devices, saving costs and exiting anytime. You also have the option of choosing from Countertop machines for shops, Bluetooth for restaurants, Wi-Fi for convenience, or Mobile/GPRS for mobile businesses, making it ideal for diverse business needs, offering mobility and efficiency without ties.
Mobile Merchant/ MPOS
Mobile merchant solutions allow customers to make secure credit card payments using their smartphones. Mobile Point-of-Sale (mPOS) systems further extend this convenience, empowering businesses to accept payments anywhere, anytime, directly from a mobile device.
With We Tranxact, you can eliminate the need for separate card machines and use your existing smartphone for seamless transactions, perfect for on-the-go salespeople or businesses catering to mobile customers.
With everything accessible from your smartphone, you can accept payments from anywhere, be it your office or a client’s location.
At We Tranxact, we recognize the significance of credit card payment processing services in facilitating smooth and efficient transactions. By understanding the available options and considering crucial factors, businesses can select the most suitable payment processing solution to cater to their specific needs.
With the right credit card payment processing service in place, businesses can streamline their operations, foster customer trust, and stay ahead in today’s competitive market.