Consumer-oriented businesses
You will be familar with B2C web sites that enable you to pay by credit
card. If you are planning a web “shop”, it is necessary for you
to
have access to a merchant account to clear credit card
transactions.
If you already have this, addition of the necessary software to your
web
site will enable you to collect customers' payments. Otherwise
you
may prefer to use a third-party Payment Processor to do this.
Entrelevel Limited can help you make the right choice and if required to find a suitable payment processing partner.
Business-to-Business operations
Business payments are usually for sums greater than can be passed via
a credit card, so are generally made via BACS transfers, at a time that
suits cash flow. Your current accounting package may already have
a capability for initiating BACS payments and will certainly record
BACS
transfers to you. It may also be capable of handling electronic
invoices
and remittance advices.
When designing an electronic trading process, you need to integrate inbound electronic invoices with your payments system and to link outbound electronic invoices to the matching of bank payments and any remittance advice sent by your customers.
Entrelevel Limited can help you to design the "e-Business" process and to build the overall system.
Next: New technologies you should be aware of