In the digital age, businesses are increasingly moving away from traditional payment methods such as checks and cash, and adopting electronic payment methods for B2B transactions. Electronic payments offer numerous advantages over traditional payment methods, making them an ideal choice for businesses looking to streamline their payment processes and improve cash flow. What are the benefits of electronic payments for B2B transactions? Faster payment processing Electronic payments are processed much faster than traditional payment methods. With electronic payments, the payment is transferred directly from the payer's bank account to the payee's account, eliminating the need for physical checks or cash. This significantly reduces payment processing time, allowing businesses to receive payments faster and improve cash flow. Increased convenience Electronic payments offer increased convenience for both the payer and the payee. With electronic payments, businesses can make and recei
In a continuation of the post regarding storing of customer data we are going to dive into the subject a bit more. PCI or the payment card industry doesn't want you to store sensitive credit card information. For example if you sell someone a widget on your site and they pay with a credit card. You are not allowed to store the credit card number without going through the pain of becoming PCI compliant for storage of credit card data. Virtual Terminal Customer Data Storage If your just using the Virtual Terminal provided to you from your merchant account provider you should be able to store sensitive customer information quite easily. Normally its as simple as entering in the credit card number on a screen and the next time you want to bill them just click their name. This is the easiest way to store sensitive information, but what if you need more control of your customers? Storing Credit Card Customer Data So lets say you want to rebill that customer or you need to credit thei