How Electronic Payment System Upgrading Beyond Traditional Methods of Payments?

1. How Electronic Payment System How Electronic Payment System Upgrading Beyond Traditional Methods Upgrading Beyond Traditional Methods of Payments of Payments? ? As we start business, it puts lot of things to charge for your products and

2. services. The studies conducted shows there have been tremendous increase in credit card and online payments over last years in UK. It is wise and convenient to accept credit and debit cards to pay at the time of purchasing of goods and services. Still your business is stick with cash and checks it might be cheaper for short term, but you’ll be overlooked by customers seeking the convenience of paying with cards. Although there are many key features to get set up your own payment processor for accepting electronic payments. All set you can accept payments alone with mobile credit card processing to full-service offline and online. In UK varieties of electronic payment system are available with huge range of features. Radiant pay one of the leading and promising payment processor company in London providing exceptional electronic payment processing with merchant account solutions to accept major credit and debit cards for your e- commerce businesses. Pros and cons of electronic Pros and cons of electronic payment systems payment systems: :

3. Using an electronic payment system has many benefits, but such systems aren’t without drawbacks. . Pros: It’s easier for customers to buy your products or services. That’s important in e-commerce, where it’s easy to abandon a transaction if payment isn’t convenient. You can add custom loyalty programs, gift cards and customized e- commerce websites. You can integrate it with accounting software, making it easier to manage money.

4. You don’t have to waste as much time depositing paper checks and cash at the bank. . Cons: You have to pay a processing fee to accept plastic and some other electronic payments. If you use a traditional physical credit card terminal, monthly or annual fees might apply. Some payment processing services lock you into contracts that are costly to terminate early. This is most common with traditional credit card terminals. To accept credit cards you usually need a merchant account, which is a bank account where payments are deposited. Many electronic payment systems include one as a built-in feature. Note that you don’t need a merchant account if you use a third-party processor such as PayPal. Contact Contact Us: Us: Website: http://www.radiantpay.com/ Phone No: UK Direct: +44 2081330322 support@radiantpay.com Facebook: https://www.facebook.com/radiant.payment.gateway Twitter: https://twitter.com/radianypay