• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • CONTACT US
  • ABOUT

The Fortunate Investor

Investing, Business & Personal Finance For Wealth Builders

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » Let’s Talk About Taking Payments

Let’s Talk About Taking Payments

August 24, 2019 By Bobby | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

Let’s Talk About Taking PaymentsFor the business

An online payment merchant could be the difference between reaching the heights of big business and staying in the middle leagues. If you expect to start doing any real business you are going to need to set up shop online, if you haven’t already. If you lack the know-how an online gateway provider can help.

As an entrepreneur, your customers and clients are, in a way, both your bosses and your most important asset. Their love of your work and trust in your business are what keeps everything together and, as such, providing safe online payment options to them is key. So ask yourself- are you ensuring that your customers’ money is safe with you? Mobile payments, such as those made through Apple Pay, and online wallets like PayPal are compatible with many online payment gateways and have stellar security records. Ensuring that your system will accept such methods is a great place to start. You should also do some research into which gateways are the most commonly targeted by hackers; criminals follow easy money so if a system is being continually targeted it may be because there is a weakness in its security. Finally, as simple as it may seem, ask for advice from those who know have more experience than you in this area. The cost of a security consultant may seem unnecessary, but it will be well worth it if it helps you to protect your customers. Showing such due diligence rarely goes unrewarded and a customer that feels safe will be one that returns to use your service again.

For the consumer

Always Put Cybersecurity Number OneWhen you shop online it is key to check that the stores and sites you use provide secure online payment methods and options. Reputable sites will generally have recognizable logos displayed to show you which gateways they use and what security software they have in place to safeguard your transactions. Business consulting firms can help you with this and ensuring you safeguard your online presence and build trust.

Mobile payments are, actually, more secure for businesses when it comes to online shopping. This is because they offer a level of personal authentication to vendors that other online payment methods find it hard to match. This is, most likely, why so many online banking systems use mobile phone numbers to verify money transfers. When you think about it, this makes a huge amount of sense; systems to ensure privacy are already a key feature of smartphones, and many have processing powers comparable to tablet computers. This means that security features can be added and customized with relative ease. There are, in fact, even apps that can allow a person to track, wipe and disable stolen or misplaced smartphones remotely thereby depriving criminals of access to their details and money. People often labor under the delusion that online methods of payment are less secure because the internet is (arguably) a more dangerous place to shop, but consider that experts are aware of the heightened dangers and have increased security to match the need. It could easily be said that the money stored on your phone, is safer than the money kept in your wallet. 

  • About
  • Latest Posts
Bobby
Latest posts by Bobby (see all)
  • Cut the Cost of Running Your Business By Going Green - July 5, 2022
  • 4 Office Services Every Business Should Have - July 5, 2022
  • Start Growing Your Small Business Right Now - July 4, 2022

Primary Sidebar

Popular Articles

save business money go green

Cut the Cost of Running Your Business By Going Green

Unless you have been living under a rock for the past five years you will know just how important … Read More about Cut the Cost of Running Your Business By Going Green

4 Office Services Every Business Should Have

Successful businesses are built on the quality of the office. Without a productive environment, … Read More about 4 Office Services Every Business Should Have

Start Growing Your Small Business Right Now

Start Growing Your Small Business Right Now

Start Growing Your Small Business Right Now If you feel like you’re running out of time with your … Read More about Start Growing Your Small Business Right Now

How To Make Your Real Estate Ventures A Lot Smoother

How To Make Your Real Estate Ventures A Lot Smoother

Anyone who has entered the property world will know that it’s a pretty lucrative business if you get … Read More about How To Make Your Real Estate Ventures A Lot Smoother

every investor

7 Current Economic Policies Every Investor Should Know About

The rate at which the U.S. economy has grown over the past decade has been unprecedented. However, … Read More about 7 Current Economic Policies Every Investor Should Know About

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
INSTAGRAM
YOUTUBE

Copyright © 2022 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service