E-Commerce Know-How: Understanding Your Payment Processing

Online shopkeepers are professionals in their industries. But, while they may be the most amazing Fashion Designers or experts in whatever industry they are in, they might not be expert at understanding their payment processing services or its statements which can include adjustments, interchange charges, service charges, fees, and/or chargebacks. At Allied Wallet, we do the hard work so you don’t have to! We understand business at all levels and tailor our service to best suit you. It is hard enough to launch a business nowadays without the stress of payment processing.

Because business owners should have a basic understanding, we are putting together a series of blogs and “how to” videos. We believe that learning and understanding are “key” in business, and we pride ourselves on giving merchants the best and most valuable information for their businesses.

It is estimated that, as far as web purchases go, over 90% are settled by credit card. This, in effect, means that you could literally lose 90% of your business by not accepting credit cards as a means of payment.

Take a look around at your competitors and rivals within your industry and you can bet that they accept credit cards. It is imperative to “keep up with the Joneses” and offer your customers a service that is equal or more than what they can expect from your competitors.

With Allied Wallet, it is simple and straightforward to open a credit card processing account. All you have to do is fill out a quick and easy application and you will find several options open to you, all of which can meet your business’ needs.

Over the next few weeks, we will be posting helpful tips and guides on how to get started. We encourage you to write to us or Tweet to us @alliedwallet and let us know what guides you would find most helpful. Whether your business is big, small, or still at the seedling stage, we offer help and advice to suit your needs.

If you have not yet launched your business, don’t forget to sign up for Allied Wallet’s #MyBigIdea and we’ll help you turn that great idea into profit!

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