As an online seller, you may be taking several credit card payments every day. But have you ever wondered how long these transactions have taken from the time that they are initiated up until when the funds appear in your bank account? Before you sell online, you will have to ensure that you have an all-in-one payment services solution that is integrated with your point of sale system. These can be Paypal, eWay, 2Checkout, and more. Recently SecurePay, which is a product of Post Services in Australia, has come into the market, and it’s now being used by more than 90,000 merchants as their complete payment services provider.
How Long Does It Take To Process Credit Card Payment?
After using SecurePay to process your credit card payments from Australian customers, you might be wondering how long this will take before the amount reflects in your bank account. The exact duration which it will take depends on the bank. Different banks have different timelines, so as a merchant, it’s of essence that you ask your bank about this. Also, another factor that determines how long the money takes before it gets into your bank is the internal assessment risks that the payments service provider does. This is because some transactions carry more risk than others, so there will naturally be some variation.
However, on average, it takes 2-3 days to have the money in your account. This is if there is no complication along the way. However, if you are set to receive an unusually large amount, that could be delayed a little longer because there will be some due diligence on the part of the handlers.
Process Your Payment Safely With SecurePay
Remember that Payment services providers such as SecurePay also allow you to make payments while within or outside Australia. This is the kind of flexibility that you will appreciate from your payments processor? Remember that the transaction will be recorded in Australian dollars and any variation in exchange rates will be handled by MasterCard or Visa. The quality of customer support and responsiveness is another thing that you should be looking at. Anytime you can
How to Choose a Good Credit Card Payments Processor
Make sure that the fees are friendly. Especially if you sell regularly online, you have to ensure that the amount that is charged to use the service is friendly. Some work on a tier-based fee structure while others charge a flat rate for their fees. Avoid service providers that charge hidden fees because they cannot be trusted. The quality of customer support and responsiveness is another thing that you should be looking at. Anytime you can
The quality of customer support and responsiveness is another thing that you should be looking at. Anytime you can, there must be someone to pick your calls and sort out your issues. Any email that you send them seeking help should be responded to quickly and with sufficient answers. The quality of customer support and responsiveness is another thing that you should be looking at. Anytime you can
