Where Should You Look for an eCommerce Credit Card Processor?
As experts in eCommerce merchant services, we’ll get your business ready to accept eCommerce credit card payments and other forms of electronic payments with customized eCommerce payments solutions. At PayKings, we are the leading authority in providing eCommerce merchant services, eCommerce merchant accounts, and eCommerce credit card processing solutions for a vast array of industries.
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The eCommerce Credit Card Processor Revolution
eCommerce is defined as the buying and selling of products or services exclusively through digital channels. There are three types of eCommerce; the most common form being online shopping, or as we in the business world know it as business to consumer (B2C). Here consumers can order various products and manage their eCommerce payments online. Another category is business to business (B2B), where businesses, like manufacturers, retailers or wholesalers exchange goods and/or solutions. The next kind of e-commerce entails transactions from consumer to consumer (C2C), through online platforms like eBay, Etsy or other comparable websites.
Last year in the US, the eCommerce industry netted $409.2 billion in sales and by the end of 2018 experts project another $461.5 in sales through eCommerce. By 2022, sales are expected to grow by 38%. Furthermore, recent studies have shown that 96% of Americans who have internet access have made an online purchase at some point and that four out of five of US adults online have purchased through eCommerce in the last month.
eCommerce is now as popular as in-store shopping, with 51% of Americans citing online as their favorite way to shop. eCommerce is steadily cutting off larger slices of the sales pie year after year, and if you are one of the millions of businesses that use an eCommerce platform, you need to ensure you have a high risk eCommerce credit card processor and eCommerce merchant account, internet merchant account, or online merchant account that will not take high percentages of your debit and credit card sales. Before you launch your business, make sure you start with the right eCommerce credit card processor. You need PayKings for your eCommerce merchant services.
How Can an eCommerce Credit Card Processor Help Improve My Business?If you own a business in one of the many industries that are labeled by acquiring banks as “high risk,” the popular electronic payment platforms may decline your online merchant account and freeze sales debit and credit card sales collected. A solution would be to seek experts who can provide eCommerce merchant services, like we do at PayKings. PayKings can put you in touch with the right eCommerce credit card processor from the start, so you are never without payment processing solutions.Certain industries are thought to be high-risk. Firms in this class typically have very high discount rates and big security reserves. A retailer is usually classified as high-risk if the business has a greater chance of fraud and chargebacks. These types of businesses need a high risk internet merchant account and eCommerce credit card processor.
Let Our Experts Guide You To The Right eCommerce Credit Card Processor
With PayKings eCommerce credit card processor you will be able to accept credit cards from your website with our seamless integrations. Our solutions help business owners take their business to the next level.
Our eCommerce Merchant Accounts and Plans Feature:
- Support for all shopping carts (see list)
- Multiple option payment gateways
- Free PayKings payment plugin modules
- Chargeback alerts and management
- Robust reporting and Fraud-scrubbing