Merchant service providers play a vital role in e-commerce; they help process card payments. Without the MSPs, your online retailer could miss out on sales from over 218 million consumers who shop online.

US Card Solutions, a leading payment provider, explains what e-commerce merchant services are. We’ve also highlighted the top benefits you get from using a reputable MSP. Discover the tricks to choose an MSP that will give you an edge over competitors.

What are E-Commerce Merchant Services?

E-commerce merchant services serve one primary purpose; they help online retailers like you process card transactions. The MSPs act as intermediaries. They assist in transferring money from the customers’ bank to your merchant account.

When a customer buys your products, the MSP checks the payment details. Afterward, the MSP sends the transaction details to the card issuer for processing. When the card issuer approves the payment, the MSP transfers the customer’s money to you.

What are the Benefits of E-Commerce Merchant Service

The benefits of e-commerce merchant services extend beyond payment processing. These providers encrypt sensitive financial data to enhance security. Other benefits you receive from e-commerce merchant services include the following:

• Broad card acceptance. E-commerce merchant services allow your business to accept several payment options. With the broad card acceptance, your customers can always use the payment method they prefer
• Improved customer satisfaction. Merchant services protect customers from fraud, eliminating distrust. Furthermore, MSPs speed up payment processing, eliminating frustration.
• Increased sales. Merchant service providers provide frictionless checkout processes. This streamlined checkout minimizes shopping cart abandonment. Moreover, MSPs automate things like invoicing, so your team can focus on sales.

What to Consider when Choosing an E-Commerce Merchant Service

E-commerce merchant services are not created equal. Reputable ones secure payments, simplify checkout and offer reliable support. Other MSPs are the exact opposite; they will frustrate you with inferior card processing services.

When choosing the correct MSP for your business, here are some important things to consider:

24/7 customer support

Your online business serves customers from different time zones. As such, you should scout for an MSP that is available around the clock. US Card Solutions offers 5-star Customer Service to all our clients.

Superb Fraud Protection

Credit card fraud is a rampant vice in the e-commerce sphere. Thus, if you mind your reputation, scout for an e-commerce merchant that guarantees superb fraud protection. The ideal service providers should be using technologies like:

• Real-time transaction monitoring
• SSL Encryption
• Chargeback protection
• Two-factor authentication

Fixed Rates

Reputable MSPs offer fixed rates for the entire duration of your cooperation. The transaction and processing fees shouldn’t change when the Federal rates do. With fixed rates, you protect your company from unexpected rate increases. 

Accept All Major Cards

A reliable e-commerce credit card processing provider processes all major cards. In particular, a good MSP should process common cards like Visa, Mastercard, and American Express. Such a service provider will ensure that you can serve every customer. You will not lose sales because you do not accept some cards.

MCA Loans

A good e-commerce merchant services provider offers a Merchant Cash Advance (MCA) credit. This loan gives you quick access to business capital without the need for collateral. You could need the MCA loans to finance various business processes.

Finding the Right E-Commerce Merchant Service for Your Business

US Card Solutions is the industry’s leading provider of e-commerce merchant services. Our platform enables you to accept major credit cards and popular digital payment methods.

View our packages and pick one that suits your e-commerce store.

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