More and more, consumers are utilizing the internet to make purchases. eCommerce sales grew from 72 billion USD in 2002 to 256 billion USD in 2011. Nearly $1.25 billion was spent on Cyber Monday in 2011, which was nearly 12 percent of all online sales in November. And consumers aren’t just using their computers to make online purchases. It is becoming increasingly popular for consumers to use their mobile devices to access the internet and make purchases. This trend is especially prominent among younger consumers: 42 percent of those who make purchases from their mobile devices are between the ages of 25 and 44. Online purchases are especially big in the travel industry: In 2011, one third of eCommerce transactions were generated by online flight and travel booking services.
In order for a company to effectively sell products online, they must have an effective online payment system and online credit card processing system. Online credit card processing systems can be made more user friendly by accepting a number of types of payments and by storing credit card information. Online payment systems are convenient for customers, allowing them to make purchases online. Furthermore, with online payment services, customers can be billed via email.
Business buyers and consumer buyers are very different and they require a different online payment processing service. Business to business, or B2B, credit card processing services are specifically designed for merchants who serve business or government clientele. B2B credit card processing plans provide flexible, stream lined, low cost services. B2B plans are essential for merchants who serve a business or government clientele.
Typically, an online payment processor is partnered with merchants through software as a service (SaaS). Arrow Payments helps businesses securely process credit cards by providing a robust payment gateway and exceptional customer support. They provide B2B credit card processing services, eCommerce online credit card processing, and Internet credit card processing, helping to ensure that credit card processing online is highly secure and highly efficient. For B2b credit card processing merchants, specifically, they provide fast and efficient level 2 processing and level 3 processing and payments. Effective, efficient, and secure online credit card processing, especially B2B credit card processing is essential if you to ensure that consumers are able to purchase your products from your website; look into Arrow Payments to develop an online payment system for your business. More information like this.