9 Best Practices for Processing Payments in 2023

When processing your customers’ payments, you should have two main priorities: ease of use and protection against security risks and fraud.

Key Takeaways You Will Get From This Article

1. When it comes to payment processing for your customers try to be flexible with your payment options, support online account creation, use a recognizable business name and purchase descritpion, and always provide customers with the easy-to-find contact information they can use to reach you.

2. When it comes to secure payment processing, always insert or tap EMV cards, update your POS system if you're using legacy hardware and software, provide your customers with receipts and confirm deliveries, enable mutli-factor authentication for online accounts, and always confirm partner compliance with the PCI DDS and other regulations.

source https://www.emscorporate.com/news/9-best-practices-for-processing-payments-in-2023