What are the positive impact of the evolution of payment processing?

[Tech_For_Business]

With the advancement of the payment processing, what are the changes of behavior for both consumer and business owner?

 

[ECGood]

They both become reliant on the modern convenience of payment processing.

 

[Dean Frank]

With the advancement of the payment processing, what are the changes of behavior for both consumer and business owner?

Consumers want options and they tend to lean towards things that give them options, you can leverage this by offering multiple payment options.

 

[Tech_For_Business]

Consumers want options and they tend to lean towards things that give them options, you can leverage this by offering multiple payment options.

You're right, providing multiple payment options to consumers will help the business to have more clients or customers.

 

[John Perez]

The improvement of payment processing has pros and cons. Primary pro is that consumers opted no to bring a big amount of cash in buying goods in a physical store. Cons, not all stores have the means to add different kinds of payment processing.

 

[Ben Davis]

The improvement of payment processing has pros and cons. Primary pro is that consumers opted no to bring a big amount of cash in buying goods in a physical store. Cons, not all stores have the means to add different kinds of payment processing.

Yes, especially when there is a processing fee that eats up their bottom line, especially for small business.

 

[Tech_For_Business]

Yes, especially when there is a processing fee that eats up their bottom line, especially for small business.

Hello Ben, is there a way to waive a processing fee?

 

[John Perez]

For me, paypal is the best. since it is available worldwide. New kinds of payment processing is a bit hard to use because of its availability.

 

[Joseph Davis]

For me, paypal is the best. since it is available worldwide. New kinds of payment processing is a bit hard to use because of its availability.

What if you already have paypal, what other payment processing would be ideal?

 

[Thompson]

Hello Ben, is there a way to waive a processing fee?

You can always negotiate, especially if you're a long-term partner.

 

[Jayson]

You can always negotiate, especially if you're a long-term partner.

What if you're not a long term partner? I think waiving the process fee is only afforded to big businesses.

 

[Emily Carter]

Consumers want options and they tend to lean towards things that give them options, you can leverage this by offering multiple payment options.

You can also attract international customers when you have a diverse payment options.

 

[Brian Harris]

You can also attract international customers when you have a diverse payment options.

That's true, they're more likely to spend money if it's convenient for them.

 

[Rachel Turner]

Yes, especially when there is a processing fee that eats up their bottom line, especially for small business.

Do all payment option have a processing fee Ben?

 

[Emily Carter]

Do all payment option have a processing fee Ben?

Yes, that's how they make money.

 

[Brian Harris]

Yes, that's how they make money.

To add to this, that's why it's important to review the fee structure of every payment method so that you know what you're getting yourself into.

 

[Sylvie]

As technology improves, I think payment processors are becoming more and more efficient, but it also means more and more safety precautions are needed to safeguard transactions online as hackers are also becoming more sophisticated.

 

[Denny Donnovan]

As technology improves, I think payment processors are becoming more and more efficient, but it also means more and more safety precautions are needed to safeguard transactions online as hackers are also becoming more sophisticated.

I think that's why many payment processors nowadays require lots of KYC and identity verification nowadays so that people don't use them for fraud purposes.

 

[Diana Cruz]

It has a profound and positive impact on a variety of sectors, particularly in e-commerce, business operations, customer experience, and the global economy.

 

[Leo Sanchez]

The evolution of payment processing has had a transformational impact on various industries, businesses, and consumers. From cash-based transactions to digital payments and beyond, advancements in payment systems have improved the efficiency, security, and accessibility of financial transactions.