As business owners we are moving away from the High Street shopping and our strategic sales plans are ever evolving into online sales and custom-made apps for shopping.
Online sales have steadily increased over the years with the demise of some house-hold names that fail to embrace the evolving trends. It is estimated that 18% of sales are completed online that’s almost 1 in 5, with some sectors such as retail reaching 24%.
Choosing the right card terminal for your business was essential so that you could offer your customers the payment method they prefer. The ever-advancing drive towards a cashless society continues with more emphasis being placed on digital payments. Just as we got to grips with these payment options the landscape has changed again, being driven by convenience to online and app-based sales.
First Payment Merchant Services are passionate about payment solutions and finding the next generation of payment methods, that’s why we have developed a range of eCommerce and app-based payment solutions. With so many providers for eCommerce or online payments its difficult to compare as its not all about upfront or monthly costs.
Our graphic shows some of the most popular providers in the UK for eCommerce and payment via apps. As you can see unlike card machines it is not about the monthly cost, your decision on who to use should be based on the rates for your card processing. Small monthly fees initially seem like a very attractive option, but it will cost your dearly if you are running a successful business.
Processing fees are what is added to every transaction that is ordered on your website/total value of your order. The payment cycle which is how long it takes once payment is made until it arrives in your bank. This is another important consideration for your business, can you wait 7 days to receive payment for sold items? Cash flow in any business is absolutely crucial and 7-10 days is a long time to receive payment.
At First Payment Merchant Services we will offer you a simple solution, send your online sales through us and you will receive your money in 3 days. We work directly with many of the main banks cutting out the middleman to ensure quick and easy processing.
As shown our process is simple and the most cost effective with regards to processing costs. We offer all our customers additional support in cutting edge technology including a free white labelled app for your business.