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How to Work with Online Checks: A Guide

February 9, 2016 Leave a Comment

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The world of e-commerce provides businesses and customers alike with many new and exciting opportunities in which to buy and sell products and services. Customers now have more ways in which to pay than ever before, and it is incumbent upon businesses to provide ways in which to accept these payments if those businesses wish to maximize the number of sales.

Online checks are one such method, bridging the gap between traditional checks and instant transactions. Below, you’ll find the a guide to work with online checks as an online merchant or as a customer.

The Process of Online Checks

Online checks work as a form of online payment, where the money is withdrawn from the customer’s bank account electronically, transferred through the ACH network and deposited into the payee’s account.

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Online Payments Platforms for eCommerce Sites

July 29, 2015 Leave a Comment

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Online payment has made it possible for individuals and businesses to transact electronically without the need of being physically present. It has made it easy for people to transact from the comfort of their living rooms hence transforming the way we do business.

Compared to a few years ago, more and more businesses are switching to online payment so as to make it convenient for their customers to shop. Businesses have finally realized that online payments are now the heart of online businesses.

Online payment platforms allow business owners to focus on the business aspects of their ventures so that they can guarantee customer satisfaction.

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Its American Express Serve vs PayPal In Digital Payment Landscape

August 3, 2011 18 Comments

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Beware people at PayPal, Your dominance in person-to-person payment is now threatened. You now have competitors in Google wallet, visa and AMEX Serve, to name just the major ones.

Mobile payment market is expected to grow to $640B by 2014 and big companies are working hard towards grabbing the largest pie of it. Advent of technology coupled with few fresh ideas resulted in mushrooming of start- ups in digital payment landscape.

Companies with big fat wallet were quick to notice this opportunity and grabed the most potential ones. American Express grabbed a company called ‘Revolution Money’ and after the amalgamation the product, which went live in March, is called ‘Serve’. 

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