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Advantages of online acquiring for online stores

Advantages of online acquiring for online stores

CrimeaPRESS reports:

The scale of virtual trade in services and goods is growing. Users prefer to make purchases online and want to pay for them non-cash — using a bank card. In such conditions, companies and entrepreneurs who are ready to provide this opportunity win. That’s why for online store accepting payments on the site using acquiring plays an important role.

Advantages of online acquiring for an online store

Online payments are a transfer of funds from the buyer’s bank card to the seller’s account. The peculiarity of Internet acquiring is the absence of physical terminals. The principle of the system is simple: the consumer selects a product, adds it to the cart, goes to the payment page, where he enters his card details and confirms the purchase. After making the payment, the buyer receives an electronic receipt. For users internet acquiring provides convenience and the store an increase in its customer base. Among the advantages of the service for the seller it is worth noting:

  • saving time on collection, banking operations, placing orders;
  • simplification of document flow and accounting of financial flows;
  • security through the use of authorization protocols and data encryption;
  • legal acceptance of funds in accordance with the law.

Thanks to online acquiring, products in the online store can be purchased by users from any region. The seller does not need to be in touch; the automated system allows you to accept payments around the clock without the participation of a company employee.

How to connect online acquiring for an online store

When choosing an Internet acquiring service, you should take into account integration with the site, the size of the commission, and the efficiency of technical support. An important role is played by the speed of crediting funds to the account and the convenience of your personal account. To connect to the service you need:

  • select a service provider (bank or payment aggregator);
  • register, fill out the form, submit an application;
  • enter into an agreement with an Internet acquiring provider;
  • set up a store website.

After completing these steps, a test payment check is carried out. If this stage is successful, you can begin accepting online payments from customers. Internet acquiring also allows you to issue invoices for additional services, make refunds, generate reports and QR codes for payment.

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