Ecommerce sales grew from 72 billion USD in 2002 to 256 billion USD in 2011, suggesting a greater need for a safe way to conduct credit card processing online.
If you are a B2B, Internet, or eCommerce business looking to process b2b payments both securely and efficiently, you may want to consider working with a level 3 processing company to help you manage your internet merchant accounts. Level 3 credit card transactions typically involve either corporate credit cards or government issued cards, and generally require a higher level of security than lower level transactions.
Business buyers versus consumer buyers are also very different, so they require a different online payment processing service. An online payment processor is usually partnered with merchants through software as a service (SaaS), making the management of internet merchant accounts and payment processing of those accounts a more secure process.
While PCI compliance regulations ensure that online payment processing remains secure, a level 3 processing company can help your business to develop an efficient in house PCI compliance program that offers services including a virtual terminal, recurring billing, credit card storage, einvoicing, and a variety of custom reporting options. Processing of internet merchant accounts are not only more secure through a processing company, but also run more smoothly.
With online payment services, customers can be billed via email, making b2b credit card processing significantly easier. If your business is looking for a comprehensive solution for online credit card processing of your internet merchant accounts, working with a level 3 processing company may be the solution you are looking for. Online payment systems can be made more user friendly by accepting a number of types of payments, or by storing credit card information. A level 3 processing company can work with your business to make the process user friendly and secure.
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