When American consumers go to pay their bills, they prefer going online to mailing a check because it’s simple. But for the businesses that serve them, it’s not quite as easy. Simply Easier Payments put together some advice for business owners who are considering it.
One reason online payments are so complicated is that eight players are involved. There’s the cardholder, the credit card company, the merchant, their bank, the payment gateway, yet another bank, the credit card network and, finally, the Federal Reserve.
When you sit down with a payment provider, here are seven big questions you should ask:
Simply Easier Payments put together these tips to ensure you’re in compliance with state laws
By Duke Williams, Founder of Simply Easier Payments