Our economic system allows anyone to monetize any aspect of production, from manufacturing to banking. The Internet has spurred the growth of online payment processing as a convenient and secure method of handling transactions. The security comes from the software encryption used to protect sensitive data, while the convenience arises from the fact that the Internet allows access to payment processors from any Internet connection anywhere in the world. There are several companies that offer payment processing services.
PayPal: This is the most ubiquitous as well as the most famous payment processor. Almost everyone has either used or knows something that has used PayPal for completing a transaction. PayPal can be used for payment as well as for sending donations to websites or organizations. PayPal allows clients and customers to exchange payments safely, with neither party having any access to either party's financial information.
Google Checkout: First made available in the United States in 2006, Google Checkout is rapidly becoming one of the most popular brand names for payment processing. The fees for personal and business transactions are competitive and if clients also have an AdWords account, a "secure checkout" logo will be added to clients' advertisements, creating a unique way to build trust among customers. Google as a brand is so trusted people readily use Google Checkout for online payments.
Posted in Merchant Account, Merchant Card Services, online payment processing, Online Payment Solutions, Payment Processing on Apr 23, 2010