Payment is an important part of the financial stability of any business . It is necessary to ensure security and ease in this process, to obtain customer satisfaction and good management of your money.
This way, your company will be able to remain financially healthy , being able to grow and expand its business with stability.
To help you on this journey, we’ll show you how payment works, showing you what happens at each stage of the process . Keep reading!
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What are the payment types?
Before understanding how payment thailand whatsapp number data and its structure, it is essential to know the existing payment methods .
Each payment method has unique characteristics, advantages and disadvantages that need to be considered to ensure a positive and secure experience in each transaction. Below, we will talk about each of them:
Credit cards
Credit cards increase sales, offer salt continues to open stores in the midst of dematerialization and predictable cash flow, but they do have fees . In addition, the sale amount is credited to the seller’s account within 1 or 2 business days after the transaction. Which may vary depending on the card operator.
Important! Be careful with refunds from customers. You need to know how to avoid chargebacks to avoid losses for your company.
Debit cards
With a debit card, the sale amount is to the seller’s account immediately after the transaction is approved. However, unlike credit cards, debit cards do not allow customers to split their purchases into installments.
Bank transfers
Bank transfers reduce the risk of beb directory default and avoid fees, but depend on the customer’s initiative.
Additionally, they may have a value limit, which may restrict some sales.
The time taken to receive the sale amount via bank transfer may vary depending on the financial institutions involved, but generally occurs within 1 business day.