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People who buy goods online are like instant results and are used to paying immediately for what they are buying, but in fact, most businesses do not process payments online. On the other hand, companies that process online payments can increase their revenue even more, as online users tend to buy more products / services because of the convenience, comfort, and protection provided by a secure Webmoney Web-based payment gateway.
How secure online payments work
The customer associates his payment information with the payment gateway. The payment gateway receives payment details and then transfers it to the Merchant bank processor via a secure connection. The merchant handler sends a payment to the credit card network. This sends a payment authorization request to the issuing bank of the client. This bank will approve or reject the payment request, and then transfer the results to the credit card network. This will return the results to the Merchant, bank processor. The results are transferred to the payment gateway. If the payment is approved, the issuing bank will send the transaction to the credit card network, which will transfer the payment to the seller’s bank.
It is so simple!
Advantages of accepting payments online
As mentioned earlier, Internet consumers are accustomed to a fast payment process for what they buy, so the key motivation for online purchases is immediate satisfaction. Remembering this, when your Internet clients encounter
unnecessary delays, they are likely to be looking elsewhere for a merchant who accepts payments online. With a secure Internet-paid Internet portal Webmoney, you can be sure that instantly get satisfaction.
Security for the seller
Whenever buyers buy in their online store, their online payment to Webmoney is immediately allowed, and then sent to your business account. This avoids the most common financial risks – for example, fees associated with verification.
A person can instantly transfer money online and, thus, enroll in the upcoming class without any obstacles. To pay in person, you need to take time out of your busy schedule and go to the office of the institute. Using online payment
solutions, you sit in the comfort of your home and make the necessary money transactions.
This is an inexpensive way of obtaining funds. In the case of processing manual payments, you need to hire at least a few employees who will collect and manage money while maintaining a daily check of cash or paper checks. The online
payment solution allows you to process money in real time, in addition to allowing class organizers to easily view and monitor the status of payments of all classes.
When customers pay their purchases in cash or by check, they should have enough funds for immediate payment in full. Those who pay online with the help of their credit cards, get the opportunity to pay for more expensive goods in the
form of payment. Thus, accepting payments online can significantly increase your sales when some of the products you offer are expensive.
Allowing online credit card payments allows you to access customers around the world. With just one contract, your e-commerce store can receive payments from online customers – not only in your area but also from abroad.
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