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The shop focuses on tourist trade and specializes in Canadian- themed products. It also sells through mails and receives payment via checks. TMH seeks to further its market influence through online trading. Consequently,…
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Download file to see previous pages ver, the method faces a significant limitation, it does not provide emergency address system to clients in case the funds are deposited to a wrong account or one of its payment products undergoes a breakdown.
Another possible payment-processing alternative is the WorldPay Company. This platform offers affordable transaction costs to both small and medium businesses (Schneider, 499). In addition to a myriad of payment products such as western union and paypal, the company offers technology and support in respect to the sector of the client. The primary disadvantage of this method in respect to TMH is that there are no headquarters in the USA and thus the calls for assistance may turn out to be very expensive.
Finally is the Merchant Express Inc., a company that offers two main merits in the market. It accepts all payment cards from all parts of the Globe, and it charges relatively cheap to as low as 0.19% per dollar transaction. The limitation of this company is that it is relatively new into the market and thus the levels of trust are relatively low.
After a vehement analysis on the extent and impact of deploying each one of the payment processing method aforementioned, I recommend the Merchant Express Inc. because it is cost effective, and accruing to the relatively small clientele base, satisfactory services are highly ...Download file to see next pagesRead More
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