Credit cards are nearly omnipresent in payment transactions at all levels of the economy. Today, online payment processing is important for both small shop owners and larger online merchants. The number of consumers preferring to pay with cash goes on decreasing. As a result, credit and debit cards are increasingly replacing old-fashioned greenbacks when it comes to buying goods and services.
Choosing the Right Merchant Account Provider for Your Business
Many people will claim PayPal is their preferred online billing platform. PayPal is really is powerful tool for accepting and sending funds, and is a highly effective online billing option. However, it’s not the only option to try. You can choose other alternatives to PayPal that are more affordable and offer more advantages to your specific business needs.
No matter, you’re a freelancer or doing an e-commerce business, you should have a trustworthy payment processor. To open an affordable and reliable online merchant account, consider turning to emerchantbroker.com. EMB is voted the #1 payment processor in the United States and has an A+ rating with the BBB. You can also choose Amazon Payments, Google Wallet, Skrill (formerly Moneybookers), Stripe, Payoneer, and more.
Nowadays, online merchants accepting only electronic payments are on the rise. In the near future, paper money is expected to become obsolete. In our modern economy, payment cards have booming popularity thanks to the incomparable convenience they provide for users.
The Future of Online Payment Processing
Given online businesses and e-commerce stores are growing with rapid advance all over the world, the number of payment schemes across the globe already exceeds 300. It is expected the global e-commerce market will make up $2.4 trillion by 2019.
The landscape of alternative payments is developing. The recent statistics in the field show people prefer alternatives or local payment methods. Today’s alternative payments sector is expected to claim 55% of e-commerce turnover by 2019. As for m-commerce, its global mobile penetration has grown 39% since 2009.
With this in mind, it is critical to figure out which payment processing option best fits your target market needs before adding payments to your website.