ITBusinessEdge: Payment Processing For SMBs With Sage Payment Solutions
Mah asks Sage’s Hammermaster about what to look for on pricing, how to evaluate security and common mistakes SMBs make when implementing online payment solutions. (Also a link to “10 Payment Processing Tips for SMBs” blog post from Hammermaster.)
“Imagine a scenario in which every business had to roll up its sleeves to build its own payment network. Or in the words of Greg Hammermaster, a situation in which SMBs have to “convince customers to fill out an application, underwrite customers, bill, and then collect on customers.” It is obvious that this can only have the effect of driving up the cost of doing business to unacceptable levels for small and mid-sized companies.
The president of Sage Payment Solutions, Hammermaster pointed out that cash and checks just don’t cut it in many situations. For one, consumers don’t like to carry wads of cash, and checks can take days to clear into the SMB’s bank account. In addition, the use of checks also comes with the associated risks — and cost — related to check fraud.”