E commerce sales grew from $72 billion dollars in the United States in 2002 to $265 billion in 2011. Also in 2011, 12 percent of shoppers visited an online retailer using their mobile devices where 6.7 percent of them made a purchase, doubling the rate from the prior year. Consumers and business buyers are very different and require their own separate online payment processing service. Electronic bill payments for consumers overshadowed the use of paper checks for bill payments in 2007. Another benefit with online payment services is the fact that customers can be billed via email. All of these new ways of doing business are reasons it will be important to work with payment processing companies in order to get a firm handle on the new way of accepting payments.
Whether your company wants to start taking credit card processing online or need merchant account services, payment processing companies will be able to help you do whatever you want. The payment processing services you need will probably be able to best be determined through a conversation with one of the reputable payment processing companies about what it is that you hope to accomplish. Talk about whether or not you plan to do B2B credit card processing or merchant accounts, or simply gather information on what you can accomplish by enlisting the services of one of the payment processing companies.