With the advancement of online technology, more & more businesses are moving online. There is hardly any need now to individually make a trip down to local mega-stores & purchase your preferred products. From clothing to pharmaceutical products to video games, almost everything can be found on the online portals.
Transaction online processing system streamlines the whole finance management & safe online transactions for an event. It helps secure transactions & accepts payment through several payment gateways, like PayPal, Authorize.Net, credit cards, & so on. Web-based online transaction processing solutions assist to do away with the burden of manual cash handling.
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Error-free Payment Management
The online payment transaction process offers your attendees an opportunity of making payments & donations 24×7. The PCI-compliant solution streamlines the procedure of collecting payments’ reconciling transactions’ managing refunds’ handling chargebacks’ & administering merchant accounts. The recurring billing option permits attendees to make payments for numerous events with a single sign-up. Most online transaction solutions come with Cloud-based features. As a result, event planners don’t need to spend money on expensive hardware & software devices to launch the online payment services. They can access websites for making their payments from anywhere, only they need a computer connected to the internet.
Revenues & donations are the major sources of income for the non-profit organizations which arrange fundraising & charities. Advanced event payment solutions are available online to simplify the procedure of accepting & managing donations received from several sources. Furthermore, an enhanced number of attendees are likely to donate to the cause, if the procedure of financial transactions becomes easy & error-free.
Online Transaction Processing Steps –
Most of the online websites for selling products or services use credit card transactions, and Paypal (a popular online payment portal) However, are online transactions really safe? How do average consumers ensure that they don’t get hoodwinked while making the purchase online?
Here Are Some Tips to Take Note of:
1) Don’t make online transactions by using public computers. Public computers may have ‘keyloggers’ (the programs which log keystrokes) & other spyware to recover sensitive information.
2) When making transactions from the personal computer, make sure that you have basic safety measures up-to-date. (For example Firewall, anti-spyware programs, and anti-virus programs)
3) When comparing prices of the products, take note of the company which has prices that are very much lower than the competitor. Then, the company might be a fraud.
4) Always try to make transactions on the actual website. Don’t attempt any purchases via links in the emails. All such emails may be frauds.
5) Only make transactions on websites that display a security icon. Websites such as Amazon.com, Ebay.com, Craigslist.org, and Ablewise.com offer very secure payment transaction methods for their products & services.
6) Ensure that the “HTTP” in your browser’s address bar has changed to “HTTPS” to indicate safe & secure transactions.
7) Before giving the sensitive details (for instance, credit card numbers), call up the website vendor in order to check the authenticity. At a minimum, liaise with the vendor via email, and find out specific details of your purchase, & how you are going to buy it.
8) Always keep the printout of the receipt that is offered at the end of transactions. Match all such receipts with your credit card statement to confirm the correct amount has been credited.
Finally, ensure that your credit card numbers, passwords, & other sensitive information are kept secret at all times. If you suspect, even a little bit, that your account has been compromised, notify the webmaster & request that they cancel or suspend your account instantaneously.
Use Safe & Secure Online Payments for Quick Business Transactions
Majority of the online firms worldwide are using online payments systems for money transactions due to numerous reasons. This procedure does not involve the use of paper and hence, is environmentally friendly. Besides, it also assists to do away with the problems of creating reports & maintaining accounts every day. Internet shoppers find online payment systems highly helpful. They can buy different types of goods online to facilitate their needs & desires. Secure payments over your computer enable individuals to shop 24 hours. Besides, online stores also remain open for doing business, 365 days a year. The online payment management solution enables:
Anytime Access of the Payment Portal –
The payments portal can be accessed anytime, 24×7 from any part of the world. Also, the fund transfer can also be done instantaneously.
Speedy Credit Card Processing –
All major credit cards, like Visa, American Express, MasterCard, & Discover, can be simply processed by using this web-based solution, making payment easy & fast.
Payment Security –
Security breach is rampant worldwide. For this reason, it is important to protect your bank account details. The web-based payments services take good care of your bank details so that it doesn’t fall into wrong hands. The PCI-compliant fund transferring solution assists you to meet all your business needs in the safest possible manner.
Easy Recurring Payment Management –
The Cloud-based payment managing system supports recurring orders for subscriptions, memberships, & more, regardless of the gateway used. You can receive & manage recurring payments of all types, monthly & annually, through credit cards, PayPal, & other standard payment gateways.
Hassle-free Refund –
Organizers can submit their refunds, process credits, amend orders, & complete transfers via the online payment management service. It displays the organizer’s own payment instructions & refund policy & also helps with the processing of refund & chargeback requests.
Email Notifications –
Event planners will get notifications via emails as & when any financial transaction takes place. In the case of the trade shows, the organizers will get emails when someone registers & buys tickets.
Check Processing –
The Cloud-based payment management solution allows you to use your checking account to make your payments online. Paying checks over the internet reduces the billing cost. E-check check processing also lets you deposit funds faster than the paper-based counterpart.
Thus, online payment transactions process can be used over the traditional model of pen and paperwork to reduce substantial time & cost. Actually, the Cloud-based fund management solution will help you manage your accounts & funds in a more professional & cost-effective way.