More and more, consumers are utilizing the internet to make purchases. eCommerce sales grew from 72 billion USD in 2002 to 256 billion USD in 2011. And according to some estimates, the number of online shoppers in the U.S. is expected to grow from 137 million in 2010 to 175 million in 2016. However, in order for a company to effectively sell products online, they must have effective online payment systems and online credit card processing systems. In order to establish and maintain these online payment systems, it can be a good idea for businesses to work with an online payment processor. Especially for small businesses, working with an online payment processor can be advantageous, freeing up a small business from security and paperwork issues. An online payment processor can also help to make online payment systems more user friendly by accepting a number of types of payments, or by storing credit card information.
Business buyers and consumer buyers are very different and they require a different online payment processing service. Business to business, or B2B, credit card processing services are specifically designed for merchants who serve business or government clientele. B2B credit card processing plans provide flexible, stream lined, low cost services. B2B plans are essential for merchants who serve a business or government clientele.
Typically, online payment systems are partnered with merchants through software as a service (SaaS). Arrow Payments helps businesses securely process credit cards by providing a robust payment gateway and exceptional customer support. They provide B2B credit card processing services, eCommerce online credit card processing, and Internet credit card processing, helping to ensure that credit card processing online is highly secure and highly efficient. For B2B credit card processing merchants, specifically, they provide fast and efficient level 2 processing and level 3 processing and payments. Level 3 credit card transactions, specifically, generally involve either corporate credit cards or government issued cards. Effective, efficient, and secure online credit card processing, especially B2b credit card processing is essential if you to ensure that consumers are able to purchase your products from your website; look into Arrow Payments to develop online payment systems for your business.