A conventional brick-and-mortar store is used to handling transactions at their store. By purchasing the right credit processing technology, the store can accept a customer's payment option, such as a credit card or gift card, to pay for the good or service. For decades, all a business had to do was invest in this technology so all customers could purchase products from them. However, in the age of the internet, things have changed.
The realm of e-commerce has helped usher in a new era of customer relations with businesses. E-commerce is the software technology that allows commercial transactions to be conducted online. This is similar to the card-swiping technology a business purchases to accept credit cards from major financial companies. By purchasing specific software, a business can create the opportunity for customers to pay for goods or services from that business online. With the advent of e-commerce, businesses could develop an online portal for their business or start an online store that is completely online.
Like the physical technology needed to accept credit cards in-store, companies can choose from a wide array of competitive firms that will provide e-commerce technology. Some firms specializing in e-commerce will offer unique programs that can help expand the marketing reach to customers online as well as make it easier for people across the computer proficiency spectrum to purchase online. For example, the universal image of the shopping cart can help signify to customers that clicking on a shopping cart image will send them to the e-commerce portal of the business website. In addition, the programming offered by these e-commerce firms will vary in how they process payments and the amount of security they provide per transaction. Like conventional card-processing technology, a certain level of security is needed to protect consumer information. In the age of the internet, hackers can steal pertinent financial and banking information from customers every time they use their card. Working with an e-commerce firm that will put in place various security protocols will protect the business and customers from hackers.
By working with an e-commerce firm, any brick-and-mortar business can launch a reliable web portal for their online transactions. This can help expand the reach of the business to online customers and increase the business' profit. Working with a reliable and experienced e-commerce firm can help a business compete in the 21st century.
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