If you’re a small-business owner, you’re by definition a risk-taker. Businesses of all sizes face risks regarding development of products, manufacturing them, selling them, earning a profit on these operations and managing growth. However, as a business owner you work hard to establish processes, hire the right people and invest in dependable online payment services. That doesn’t mean that everything will go without a hitch. There are still many factors that can interfere with your revenue stream. Fortunately, working with a provider experienced in merchant services  can give you access to dependable services and best practices that will keep these risks at a minimum.

Risks in Online Payment Services:


✓ Risk # 1 – Security and Privacy

Whenever we talk about online payment services, the number one risk is always the same, security and privacy of cardholder information.

HOW EASY PAYMENT SOLUTIONS CAN HELP: We provide you with the security you need to concentrate on growing your business while we manage the payment processing. Every part of the transaction process has been designed to minimize the risk and uphold the highest standards of privacy and security.

✓ Risk # 2 – Chargebacks

There are times when an issuing bank will reverse a sale, saying that the transaction violated the credit card rules. These are called “chargebacks.” The issuer will use a chargeback either for its own reason or on behalf of a cardholder. Chargebacks cut in on a merchant’s revenue – plain and simple.

– Never altering a sales draft
– Always obtain an authorization for the exact amount; don’t try “splitting” the price
– If a card fails to swipe and you must key in the transaction, manually imprint the card

✓ Risk # 3 – Payment Processing with Hidden Costs

Cash management practices have hidden costs, including processing fees, NSF charges, collection agency charges and deposit requirements.

– No Monthly Fees
– No Yearly Fee
– No Minimum Required
– No AVS
– No Statement Fees
– No Batch Fees

✓ Risk #4 – Lack of Customization

The expression “one size fits all” does not apply to merchant services. There is one particular area that a customized solution must provide – it’s the integration between your brick-and-mortar business and your online presence. Failing to do so actually introduces more risk into your overall business strategy.

HOW EASY PAYMENT SOLUTIONS CAN HELP: We customize online payment services to meet the specific requirements of your business from start-up to success, regardless of industry or size. Experience working with companies in a variety of industries has allowed us to develop specific solutions to meet the unique needs of these businesses.

For the wheels of commerce to run smoothly, online payment services with a credit or debit card must remain easy, efficient, and safe. Click here to get more info on Ecommerce Credit Card Processing solutions to grow your business.

If you have any question about our online payment services or want to signup please feel free to Contact Us Or Call us at 207-221-5198.

Leave a Reply