Skip to main content

Why bother with online payment services?




if you're like many small organizations, you collect payments mainly through cash or checks. While this might be working for you at the moment, adding online payments provides a number of advantages to you and your supporters.

Meet expectations

People are increasingly comfortable paying online. When members or supporters are ready to sign up, register for an event, or make a donation, they want to do it quickly and easily. In fact, websites that don’t support online payment can be seen as being out of step.

Speed up the process

Online payments are faster than manual payments, since you don’t have to wait for the check to arrive or for it to clear. The whole process – from submitting an online payment to updating your bank account – can take a matter of seconds. The end result is improved cash flow for your organization, and almost immediate confirmation of transactions. Prospective members won’t have to wait to join your organization, and participants will know right away whether they have successfully registered for an event.

In addition, the online payment service lets you know right away if the person making the online payment has sufficient funds to cover the transaction –  rather than finding out a week later when the check bounces.

Save you the trouble

Automated payments also save you the trouble of depositing the check and recording the payment manually. Once you set up online payments for your website, they are automatically processed. You don’t handle or store any credit card information. Any updates to member records are handled automatically.

But at a price

Of course, anything of value comes with a cost, and in this case, your payment provider will charge you a fee per transaction, and some charge other fees as well – such as setup fees or monthly fees. But if online payment helps you grow your membership or your fundraising, they’ll be taking a slice out of your much larger pie, and everyone’s a winner.

We’ll explore the costs later, but now, before you start thinking about selecting a particular payment provider, it’s important to understand some online payment terminology, including payment provider.


Facebook : https://www.facebook.com/awepay/
Twitter: https://twitter.com/Awepay
Google + : https://plus.google.com/u/3/115304676174119187533
Awepay Blog : https://awepay4u.blogspot.com/
Awepay Wordpress: https://awepay.wordpress.com/
Awepay Website: https://www.awepay.com

#payments #paymentsolutionproviders #paymentsolutions #paymentsolution #paymentsystems #paymentservices #paymentsystem #PaymentsWithOutBorders #Awepay #Epayment #Promotions #Marketing #Activation #Campaign #Event #PR #ProductLaunch #Retail #SpecialPromotion #Giveaways #PromoItems #PromoMaterial #CreditCard #Summer #Card #Travel #LiveLoveTravel

Comments

Post a Comment

Popular posts from this blog

A Robust Payment Platform

Owing to the radical evolution of Fintech companies, heightened customer expectations for value-added services, and ever-changing regulatory landscape, the prominence of payment technologies has undeniably risen to new heights. These dynamics are reinvigorating the traditional financial landscape and enabling merchants to tap into the potential benefits of nascent technologies. At the same time, moving away from conventional methods of payments is bringing unprecedented opportunities to carry out international trade for both sellers and buyers. Although the disruption in the payments landscape seems stimulating for global trades, not all ventures gain from them as stringent compliance standards often undermine the use of technologies for cross-border transactions. Enunciating the same, Casey Seow, managing director of AWEpay, mentions that the new breed of technologies is revamping the entire payments space, enabling companies to cater to the untargeted market segments. He f...
Post a Comment
Read more

How connected cars are driving connected payments

Author: Awepay Technologies associated with IoT are inexpensive, low powered and frequently based on common software platforms. Recent rapid development in the automotive/haulage industries allows the integration of this tech into cars/trucks. These developments have coincided with the simultaneous rise in fintech with the use of technology supporting financial services such as payments, fostering a commonality of innovative development across these domains. There are innovative opportunities created by merging one industry with another and also driven by the IoT trend. For example, this can be illustrated by the implementation of an autonomous "pay at pump" use case showing how the integration of IoT and payments technology into car IVI systems and fuel pumps will allow the financial transaction associated with buying fuel to be handled completely autonomously. The deployment of computer vision technology for authentication, and connectivity for communication with ...
Post a Comment
Read more

MASTERCARD GENERAL COUNSEL TAPPED TO CHAIR NATIONAL URBAN LEAGUE:

The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard, has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. According to Mastercard, he begins his two-year term in November, serving as chair-elect until then. Murphy  has served on the group’s board of trustees since 2015. Mastercard hired Murphy in 2000. His job includes oversight of the payment card network’s legal affairs, public policy, corporate governance and compliance. “He is also responsible for Mastercard’s franchise, corporate security, privacy, and global inclusion teams,” the statement reads. “The National Urban League has done more than any other organization to promote economic justice, sustainable communities and the spirit of entrepreneurship. I’m ho...
Post a Comment
Read more