eTranzact Merchant Services

               

The eTranzact Merchant Services enables merchants to receive payment from their customers via eTranzact. This service provides a functionality to notify merchants of payments made to them via a mobile phone. Merchants also possess the capability to confirm payments on the internet. Basic requirements include the following:s.

               

                   
• A merchant account with any of the eTranzact participating banks
                   
• A mobile phone or an internet connection.
               

               

With eTranzact Merchant Services, merchants do not have to buy or maintain expensive hardware, software, bandwidth and facilities and they do not have to worry about security or downtime as all these are handled by eTranzact.

               

Benefits

               

The eTranzact Merchant Services has the following benefits for merchants:

               

                   
• Reduce handling costs - In addition to the cost of handling cheques and cash for your business, there are also many other hidden costs – remittance processing, lockbox fees, insufficient funds charges, billing and statement mailing, and collection agency fees. Accepting eTranzact for all of your customer payments helps provide a way not only to cut handling costs, but also to eliminate many miscellaneous expenses altogether.
                   
• Real-time payments as payments reflect in your bank account(s) immediately.
                   
• Increase revenue - Payments with a eTranzact can increase sales by attracting new customers, retaining existing customers, and giving customers more buying power. Plus, according to ePayment research, cardholders who sign up for electronic payments tend to be more highly educated and have higher income levels.
                   
• Increase Customer Loyalty - eTranzact operates with the simple formula that, if you give people time, they'll give you business. By accepting payment from your customers through eTranzact, you make it convenient for them. Convenience frees up`time`and breeds satisfaction, and satisfied customers stay with you. Studies show that consumers who are offered the`option`of electronic payment with a payment solution are less likely to discontinue service once the automated process starts.
                   
• Market Information - Customer demand is growing at a fast pace and, increasingly, more merchants and service providers are establishing electronic payment for their customers. eTranzact has made electronic payments a priority, with a significant commitment of resources, strong merchant partnerships, and a focused market penetration plan.
                   
• Streamline payment processing - eTranzact improves cash flow by giving your customers more flexibility in how they make payments. It also ensures on-time receipt of payment and helps lower billing and collection expenses.