Electronic Checks Payment Processing Is Safe For Online Transactions

Online, June 23, 2010 (Newswire.com) - More than 75 million Americans do not own a credit card. Providing buyers with alternative payment processing options for making purchases online increases profits for internet businesses. Ecommerce payment methods like electronic checks are an ideal way for businesses to give their customers an easy, safe and secure method of online transactions. Electronic checks simply transfer money from buyer's bank account to seller's bank account.

At MerchantAccountsOffshore.co.uk, online businesses get a wide range of ecommerce solutions for their online businesses. Electronic check payment processing account is one such service. The professional payment processing consultants at this online firm guide the merchants so that they can successfully create electronic check processing accounts.

Electronic checks are preferred by buyers who do not have cards, are maxed out on cards, or who simply prefer to pay by electronic funds transfers. Electronic checks payment processing, decrease the instances of shopping cart abandonment. For example, if the credit card of a customer is rejected, merchants can offer electronic checks payment processing as an alternative payment option.

Ecommerce payment solutions help merchants in increasing their revenues as the payment processing fees for electronic checks are much lower than credit card processing fees. Merchants can also decrease administrative costs as they do not have to prepare and mail customer invoices. Businesses that accept echecks give customers a comfortable way to pay for their services and also generate higher sales as customers can decide the mode of payment they prefer.