Why E-check is Important Among Online Merchant - PowerPoint PPT Presentation

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Why E-check is Important Among Online Merchant

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Title: Why E-check is Important Among Online Merchant


1
Why E-check is Important Among Online Merchant
2
E-checks as we commonly known as Electronic Check
is an electronic adaptation for physical checks
to pay online. And this payment system has been
used by merchants for quite some time, although
not always in the same structure.
3
But in the recent emergence of the digital age
and recurring payments e-check reached a
substantial role in the economy. Different
payment options using e check were utilized   By
insurance industries not to mention in the world
of cyber technology or simply called the internet
plus other business like call center and
mail-orders.  
4
The reason why e checks are favorable for
merchants its because consumers mostly prefer
checks against credit cards. Evidently checks are
still used frequently in the market industry.
And of course not all buyers owned credit cards.
  When it comes to E check payment system there
are several components to consider in order to
develop a smooth relationship between merchant
and consumer.
5
There are some misunderstandings about e-check
security that it is not absolutely secure whereas
in some other way its actually safer than credit
card payments. The reason for this misconception
is not having a full edification about the
payment system. Maybe surfing the internet on how
the whole system goes may resolve the problem but
at some point the industry itself must learn how
to educate consumers regarding the e check
security to avoid further complexity.  
6
On the other hand credit card industries are much
willing to accept the alleged e check security
issue. For the past years credit cards are a
popular tool for payment online in the most
recent survey more online merchants are now
turning their side on E-check payment system and
knowing that E-checks are almost less expensive
than credit cards, the credit card industry felt
threatened and will surely prolong the issue.  
7
Merchants are always opting for a challenge when
building up their own consumer business empire.
They keep on looking for a probability to
increase their profit by choosing the most
convenient and perfect mechanism to transact
payment with their consumers. And through
E-check is one of those options.   However
merchant should follow some simple procedures
when using the E-check payment structure.
8
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9
  • Create a merchant account this is the starting
    point when youre putting up an online retail
    business.
  • Put up quality products or services if you like
    to have the edge among your competitors online
    make sure you have the best products or services
    online.
  • Always think ahead never stop searching for
    ways to improve your online business

10
  • Be courteous always establish a good
    relationship with your customers
  • Be careful make sure checks are properly signed
    and filled up before receiving them
  • Owned an E check machine its advisable not to
    rent an E-check equipment

11
  • Hire a reputable E-check processor service
    company choose the best company that will give
    you much affordable and reliable package to help
    you process your E-check transactions

12
In addition, mismanagement of your day to
day financial operation wont make your  
Business grow any further. Always keep in mind
that getting an excellent e-check  
Processing company will give you a great
advantage of keeping your online business going.
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