Accepting Online Payments
Payment service providers are offering new levels of convenience to companies and their customers by enabling them to accept payments online. Receiving online payments is easier than ever via a range of payment methods including credit card, debit card, and electronic check, also known as ACH.
To allow companies to receive payments online, service providers connect to multiple acquiring banks, credit cards, and payment networks. They then manage these technical connections and relationships with external networks and bank accounts. The result is a reduction in merchant dependence on financial institutions.
The 3 Primary Methods of Accepting Payments Online
Credit cards are payment cards customers can use as a method of payment and that merchants can use to accept payments. Cardholders can pay for goods and services based on their commitment to pay in the future. To accept payment via credit cards, merchants use the services of credit card processing providers.
Debit cards, also known as check cards, are a convenient method of payment for consumers looking for an easy way to pay for products and services. Rather than use cash, debit cardholders can make payments to merchants that accept payment via debit cards. In order to receive payments from consumers using debit cards, merchants work with debit card processing providers.
ACH is an acronym for Automated Clearing House. ACH uses debit transfers or electronic credits that enable consumers to pay for goods and services from their bank accounts. Most payment processors provide the option of ACH as a way for their customers to conveniently pay for monthly and subscription-based transactions. Many merchants prefer ACH payments to credit and debit card payments.
Accepting Online Payments in Check Dominated Industries
With 15 years of experience in the business of helping companies figure out how to receive payments online, YapStone offers a customizable, scalable, and flexible payment solution built on a foundation of extensive industry expertise. By simplifying the way you receive payments online, we can help you build a base of appreciative customers. What’s more, you’ll get to avoid the inconvenience and hassle of paper checks.
Why should you work with YapStone to accept payments online?
YapStone is the payment service provider for a long list of companies who value working with us. We are committed to nurturing mutually beneficial relationships with the people we do business with. With YapStone, you’re looked at as a partner, not a customer. Of course, it doesn’t hurt that we are considered to be experts in how to accept payments online.
No matter your size; large enterprise, small business, or startup, when you take us on to help you with ways to receive payments online, we commit to giving you dedicated customized service backed by matchless industry experience.