Did you know electronic payments have surpassed paper checks for bill payments back in 2007? One of the main reasons why electronic payments are now more popular than paper checks is convenience. It is simply more convenient to process payments online or any other electronic form of paying a bill. Since digital payments are growing in popularity, security is of utmost importance for avoiding cyber threats. B2b credit card processing services are providing businesses a level of security that will make anyone feel comfortable making electronic payments. B2B means “business to business,” and the financial supply chain of B2B credit card processing includes ERP vendors and commercial banks.
If you are a business owner online, you should know the benefits of a credit card merchant account. The last thing you want to deal with as a business owner is processing credit cards with any form of security. B2B credit card processing services provide secure merchant accounts and secure internet merchant accounts for all types of transactions, including level 3 processing. Sales in eCommerce continue to grow, reaching up to 256 billion dollars in 2011. Online retail stores rely on B2B credit card processing services to handle secure transactions online and offline.