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Today many still see online payment as a
point of tentativeness due to security concerns.
However, if you follow recommended instructions and basic
rules of handling your computer system, the risk for online
payments is no higher than with payments done in traditional
ways.
High standards of security such as 3-D-secure payment help
you to prevent the fraudulent use of credit card information.
All transactions are stored in encrypted form on payment servers.
The access to these systems is restricted, so privacy is always
ensured.
Online payment
by credit cards is a well-established widely used standard.
As an organizer of events, you will profit in many ways.
Online payment methods with credit cards today use common
international standards. You don’t need to use elaborate
or complex procedures to inform customers how the procedure
works. The card issuers, the acquirer banks and even the credit
card brands follow the same worldwide standards. Therefore,
today we have a generalized process and standards for payments
spread over countries and continents.
In many cases, money is transferred faster and more reliably
with credit card payments than with traditional money transfer
methods. As an organizer, you receive payments in an earlier
stage of the event’s organizational process.
Credit card fees are typically lower than bank transfer or
check cashing fees, especially from one country to another.
Online payment brings so many benefits that it is only a question
of time before seeing it everywhere. Large Internet shopping
portals such as Amazon, as well as travel booking systems
and online auction services, etc. support the deployment of
this trend. People get more familiar with online ordering
and online payment systems.
From year to year, the percentage of people using online payments
is increasing. Current estimates are that 30-60 % in developed
countries use credit card payments. The amount of usage in
developing countries varies depending on the status of the
market and usage of the Internet as new distribution channel.
International events in particular benefit from such standards.
As an organizer, you will use online registration with online
payment and you will receive the money in advance. However,
you don’t have to ship goods or material. Only at the
event do you have to provide the booked services to your customers.
This is a big advantage compared to traditional merchants,
which have to deliver goods immediately.
So you have always a lot of time to confirm payment status
before you have to provide your offered services.
If you calculate the administrative cost for billing in the
traditional way, you will find that each payment done by credit
card helps you to save time and costs. As a typical example
you might calculate for each paper billing administrative
costs of around 60-70 euros (printing, mailing, accounting
system, tracking of payment status, dunning etc.).
In Eveni we charge an all-inclusive fee for credit card payments
of only 4.8 %. Each month you receive the money from registration
transferred directly to your bank account.
So, reduce your administrative costs and provide your customers
with modern online payment services.
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Summary
- credit card payments follow worldwide
established standards
- easy to use
- less administration
- low transactions costs
- see
more about Online Payment
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