Do you want to explore electronic payments technology for your business? It offers plenty of possibilities like credit and debit card reader, gateway, POS, and many others. Today, we are going to simplify payment processing. Please read this blog to know more about it.
The Basics of Merchant Service
It is very simple. You sign up with a provider to accept cards and other modes of payment. The processor collects fees for transactions and deposits the rest of the amount to your bank account. You can use different forms of payments.
Retail Merchant Accounts
It is good for product-oriented businesses. The shop payment terminal serves to connect you with issuing banks and card networks. Generally, it comes with a POS or credit card terminal. Please remember that you should update the technology for better and secure transactions.
Please feel free to call us to know more about it.
Internet Merchant Accounts
Now, it is necessary to have an e-commerce site to accept online orders. That is why payment gateway is significant. A user-friendly gateway can boost the conversion rate. Integrating multiple payment modes is the most cost-effective solution. However, you should not expect the same payment modes in these two types of accounts.
Mail/Telephone Order Merchant Accounts
It is another form of payment solution. If you need to take recurring payments, you should choose it. It is often integrated with online and retail payments, but you can get it as a standalone service.
Why Should You Choose It?
You can access many facilities like
- Easy to integrate and user-friendly payment modes.
- Higher conversion rate, more sales.
- Next day payments
- Dedicated account manager
- Analytic Dashboard
With Utility Umbrella, you will get the lowest transaction rates and no hidden fees. Try our business payment solution and grow your brand with us.