eCommerce Gateway

Online рауmеntѕ are made thоuѕаndѕ оf timеѕ a ѕесоnd аll over thе world. There аrе hundrеdѕ of different wауѕ thеѕе payments аrе mаdе, including PayPal and EFT trаnѕасtiоnѕ but a lаrgе рrороrtiоnаl аrе bаѕеd оn рауmеnt gаtеwау technology. 

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Shopping Cart Abandonment And Effective Tips To Reduce It

Shopping Cart Abandonment And Effective Tips To Reduce It

Merchants and their problems which they face on a regular basis can never end up. E-commerce business owner has a lot of pressure as most of the time the customer leaves the site without making a purchase.

This ratio is recorded with 70 % of it. This makes a huge difference in profit. The merchant invests a good amount in the business and hence expects a good return on it.

The merchant can’t force a customer to buy any product, hence a merchant can follow few changes and tips to have a good sale and reduce the cart abandonment.

Tips For Change In The Business

1.Reduction Of The Check-Out Steps

The major area where a merchant needs to look at is the checkout page. Not all the customers are supposed to have plenty of time to surf the website, some are in a bit hurry to make a purchase.

Keeping that thing in mind makes the welcoming page so easy and approachable that the customer makes the happy walk in and out.

Never force the customer to sign up and to create an account. This is really annoying for the customer to do so.

2.Security Of The Payment Details

Security at its point is a must. The merchant should build a notion about this and hence they should keep the data secure within themselves, and make customers secure about their payment and the details about the card.

Give trusted logo’s which gives the customer to believe in you. Higher the security higher the trust.

3.Checking The Abandonment Regularly

Keeping a track of all the cart abandonments can help the merchant to strategize a plan to fight it.

Once you have the numbers, you can start by implementing tips to Reduce Shopping Cart Abandonment. Tools like Google Analytics can help you with the same.

Google Analytics gives a clear representation of cart abandonment and checkout abandonment.

4. Customer Support And Help Line

Giving all time support to the customer is a must this will create a very healthy bond between you both. Customer relation is very must and hence solving the problem is required as quickly as possible.

Merchant Stronghold

Get more friendly tips and suggestions to deal with the clumsy situation. Get In touch with us and get the expert's services accordingly.  You can try the toll-free number i.e. +1 (888) 622 – 6875 or the 24/7 email support. We also provide assistance for a high-risk merchant account, offshore merchant account, and merchant gateways.

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How Does eCommerce Check Out Work?

Ecommerce Checkout Flow– Every big or small brand is now taking their business online due to the boost in the e-commerce industry. This means, along with the physical store, every merchant now wants to have an online store as well. This is a good idea for a merchant to expand and increase his revenue. However, not everyone is good at handling the e-commerce business on their own. This is because of the competition and lack of guidance.

What Is ECommerce CheckOut?

It is a designed interface and a customer must go through it to purchase an item. As soon as the customer clicks on the checkout button the process starts. Generally, it contains steps like entering personal details including name, address and contact information. Other than that, the customer will be asked to choose the mode of payment and enter details depending on the model chosen.

For example: If a customer chooses to make the payment using the credit card then he will be asked to enter the credit card processing details depending on the company’s norms.

Once the checkout is completed successfully, the customer will be notified regarding the recent purchase using the contact information provided by him.

How Does ECommerce Checkout Work?

From the customer’s point of view, the checkout process is as easy as entering the details and getting the products. However, for a merchant, the checkout process is a whole different story.

An ECommerce checkout process is the flow of valuable data that needs to be processed carefully at every step. Generally, a customer goes through following steps during an ECommerce Checkout Flow:

After liking a product or service, the customer clicks on the “Add to Cart” button.

Then the customer is directed to the cart where the confirmation is asked whether the customer wants to “proceed to checkout” or go back to “continue shopping”.

Once clicked on “proceed to checkout”, the user will be asked whether the customer wants to checkout “as a guest” or “sign-in”.

After choosing the desired method, the customer will be asked to enter the details.

Finally, “place your order” will pop up on the screen.

After clicking on this button, a customer needs to make the payment by choosing the desired mode.

Once the customer successfully completes the payment, he will receive confirmation of the purchase.

Get more information about eCommerce checkout work. Contact us@ [phone]. Also, you can Email _ [email protected]

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If you are a merchant and own a website then you have an E-Commerce business. When selling your goods and services using a website, you need to follow some rules of the E-Commerce business. Otherwise, you will be barred from continuing any business online. Click & Sign up for more information @ http://bit.ly/2VnGCle

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Retail Merchant Account | Credit Card Processing

It is obvious that having a credit card present when the transaction is being processed will reduce the chances of fraud. But there are other variables as well that should be considered when going for a retail merchant account.

One example can be the Volume of Transaction and Average Ticket Size. Consider someone is selling jelly beans or any other product at a mall. The sale of this business will relatively be moderate having low average ticket size. If someone purchases a couple of dollars of beans, then there won’t be any big risk to the merchant.

Chargebacks and product returns will not be the concern of the business owner. But if the average ticket size increases, the risk of chargeback and product return will also increase. If the price of the product is high, means customers value the quality of the product. Retail Merchant account in this situation can save you because you will be safe from frauds and high risk. With the point of sale software by Merchant Stronghold, retailers will accept payments safely and securely.

Hence, we provide quality services and support to the merchants and their customers. Getting a merchant account is just the first step towards success. Merchant Stronghold has a safe, secure, and quick processing architecture that is best in the world. Start your Merchant Application Today!

Best Retail Products and Services

Credit card acceptance is the major factor that can lift up your business. There is a wide range of payment solutions that merchants can choose from. We provide all the services that will help business owners succeed in their industry. Here are some of the benefits that most merchants can expect by using our services:

Customer Service: Quality Customer Support that is ready to look into your queries anytime

Set Up: Easy and Solid Set Up, Accept Payment 24/7

Daily Funding: Next Day Batch Settlement

Online Portal: Merchants can view their online activities and access dedicated platform that gathers information regarding business activities.

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Expand Your eCommerce Business Globally

Study your Targeted Market

If you are just starting out then put a few items on the sale. Do not rely on commerce entirely. Focus on the main business first and then slowly move towards e-commerce. Starting small can help you understand your market very well.

Here are the key points to know about your Target Market.

Start slowly with E-commerce Business. Put your prime focus on the main business at all times

Take notes from your small start and point out the fields where you need to work first.

Mark out the countries where your business can flourish.

Target the countries with better economy and study their business norms.

Learn about the customers and what they are looking for in your product.

Consider Various Payment Methods for your E-commerce Business

If you are dealing in different countries then your business will surely include foreign currency. And to avoid any conflicts in the future, you need to normalize the price of your product to match the demands of the customer from different countries.

Sometimes, the customer likes a specific product but does not purchase it. Simply because their preferred payment method is not available.

It is ideal to use the local currency to get revenue from a specific country.

If you are not ready to deal with a different currency then make sure to give the currency conversion option so the customers can see what they’re paying.

Choosing the right payment provider for your overseas transaction can be a tricky job.

While choosing the payment processor, make the security of the transaction your priority.

Plan your Big Entry

Start Small on Existing Market Place

You can start small with the existing e-commerce platform like eBay. As we discussed, a small start can be ideal for a business that is just entering the E-commerce platform. Moreover, starting small gives you plenty of time while making a transition from store business to e-commerce.

Small start allows you to test your product online.

Also, you get the appropriate amount of time to focus on your main business.

Choose a popular marketplace for your E-commerce Business for International Sales.

Get more information visit website ask our experts team.

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Why Cannabis Oil Is Big Business | Solutions for Merchant Account for CBD

Merchant Accounts for CBD

CBD merchant accounts are our most in-demand product, for which we have proven domestic and offshore banking solutions for CBD merchants. Merchant Stronghold provides the best merchant services for your CBD Businesses.

Legalization brings a lot of opportunities, including many that are unexpected. One of the biggest areas for expansion is cannabis oil. Cannabis oil can mean a lot of different things but most importantly, it’s giving consumers and entrepreneurs a new way to explore and benefit from the marijuana industry. Here’s why cannabis oil is big business, and how any entrepreneur can tap into this nascent market.

The cannabis oil market is huge

There are many different kinds of cannabis oil on the market. All of them are growing in popularity. The CBD market alone is predicted to reach $22 billion in 2022, according to Brightfield Group.

The CBD market is blossoming

CBD, short for cannabidiol, is the main non-psychoactive compound found in marijuana and hemp. It does not interact with the body the same way as THC and cannot get you high. At the same time, CBD has many of the plant’s most significant medical and medicinal benefits. CBD can reduce seizures in epilepsy patients and a growing body of research finds it useful for reducing pain, acne, anxiety, inflammation and more.

Making cannabis oil is a relatively new and expensive process

Despite the rising popularity of cannabis oil, it’s still a relatively undeveloped market because of how it’s produced. Technically, cannabis oil is what you get when you extract a concentrated oil from the marijuana or hemp plant. THC and CBD oil are technically in the same category because they’re produced with the same type of equipment.

Creating cannabis oil takes some expertise and a fair amount of equipment. Generally, there are two ways of doing it:

CO2 (carbon dioxide) extraction Solvent extraction

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How to choose the right recurring payment provider?

The market is filled with the payment processors, who “claim” to offer the best recurring payment management services. As a merchant who should compare this service before landing to one, this article can help you with your decision.

WHAT ARE RECURRING PAYMENTS?

After the customer’s approval, the merchant is allowed to deduct/collect a fixed amount of money after a fixed time interval (every month) for a specific product or service and is called recurring payments.

For example, if you are using a Netflix then you have entered your credit/debit card details while setting up the payment. Now, every month, Netflix deducts a fixed amount from your card to offer you the services.

There are two important aspects of recurring payments:

Processing – The modes both customer and merchant are using to complete a transaction. For instance, the customer can use the Visa Credit Card and Merchant uses Authorize.net as a payment gateway for the transaction.

Logic – This includes all things other than a transaction, such as a bill amount, cycle duration, alert message/email, and calculation too.

HOW TO GET RECURRING PAYMENT PROVIDER?

Now, there are a number of payment service providers available and it gets difficult to choose the one that suits all of the merchant’s needs. In such a case, the merchant can make the best choice by evaluation of the business requirement and comparing the available options.  

Here are some essentials that you will need while choosing the right recurring payment provider:

KEEP LOCATION IN MIND

TYPES OF PAYMENTS YOU NEED

PCI COMPLIANCE

TRANSACTION SECURITY

FREE TRIALS

USER-FRIENDLY

TECH SUPPORT

If you want to get more information related to the Recurring Payment Provider. You can Contact Us directly @ [phone]. Also, You can visit our website - www.merchantstronghold.com

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Some Basic Requirements To Become eCommerce Merchant

You need to treat your online store as your offline business store. You need to keep the inventory updated as well as make sure that you have a good payment gateway to accept online payments. Having a multi-currency payment gateway will help you get more traffic than others. To understand the Multi-currency payment processing you can visit us at merchantstronghold.com or contact Merchant Stronghold Support.

First of all, you need to understand the basic requirements to start selling online or to become an E-commerce Merchant.

Select and Define Your Niche: You need to decide what you want to sell or define your niche. This could be the most crucial part of your business as it requires a lot of research in your area of interest. It is not mandatory to sell the product online, you can affiliate them too.

Your Platform to Sell Online: In order to sell online, you need a domain name, dedicated E-commerce hosting, and payment gateway, etc. You need to select your website platform or blog based platform with the shopping cart add-on. A website will help you to set up your store online as well as to accept payments online using any payment gateway.

Maintain the Inventory: It is necessary to maintain the inventory. If you are using in-house fulfillment means selling your products only then you can easily stock the product and then ship them when required. Also, It is most important to understand what type of fulfillment you want to use as per your requirement.

Manage orders and shipping: To become an E-commerce Merchant, it is important for you to manage your orders and shipping process. You need an order management tool to manage online orders. Also, you can use any free shipping label printing service options and installed software to fulfill your shipping needs.

Use Payment Gateway: Payment gateways play a pivotal role in the E-commerce store. You can use any of the payment gateways which are available in the market. Payment Gateways that are available in the market are Stripe, PayPal, Payline, and Authorize.net, etc. All of these payment gateways allow you to accept online payments from the customers. Choose the payment as per your requirements and become an E-commerce Merchant.

Address - 10300 49th Street N Suite 427 Clearwater, Florida 33762 Email Id - [email protected] Contact - [phone].

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Pros and Cons of High-Risk Merchant Account

CONS OF HAVING A HIGH-RISK MERCHANT ACCOUNT

Now a business owner has to get a merchant account. This account is used to carry out the transactions of the merchant. Now if your company has too many numbers of chargebacks then your account will be referred to as high-risk merchant account.

There are many reasons a merchant do not want to own a high-risk merchant account, these are:

Excessive Chargeback Fees – The Bank already considers that the high-risk business will produce a number of chargebacks. In order to deal with the chargebacks, bank charges extra chargeback fees to deal with them in the future.

Need to create a Merchant Account Reserve. For the high-risk business, the bank asks them to open a no-interest saving account. This is done to deal with an unexpected number of a chargeback in the future. If someday merchant is asked to pay a large sum due to a chargeback then this account will be used to pay off the customer.

If you are at risk of becoming a high-risk business due to the growing number of a chargeback in your enterprise then get an expert to assist you. Contact the Merchant Stronghold at the toll-free number for such services.

PROS OF HAVING A HIGH-RISK MERCHANT ACCOUNT

There is also a bright side to own a high-risk business. It is hard to believe but high-risk business can actually help you earn more profit than other businesses.

Pros of High-Risk Merchant Account are:

Great Earning Potential. The payment processor limits the revenue rate for the low-risk business. But the high-risk business has no limit when it comes to earning and expanding the business.

Risky Products lead to More Profit. When you own a high-risk business account, you can sell almost anything in the market. This is one of the Pros of High-Risk Merchant Account that makes it the most profitable business.

Worldwide Expansion. If you own a high-risk business then you have all the access to expand your business beyond boundaries. You can deal in any currency with the desired country.

When it comes to earning the profit, high-risk business is the best. Also, you can say the Pros of High-Risk Merchant Account is a great profit.

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How To Get Best Rates For A Good Credit Card Processing

You must make sure that you’re not being looted in the name of special merchant services. We’re here to help you navigate credit card processing and help you get the best rate possible for your business. So, stick around!

Factors that affect the rate:

Privileged services: Privileged services would not affect the basic rate, but it would surely affect your markup in the name of, PCI compliance, merchant gateway, statement fees and so on. So, kindly take in consideration all types of costs before signing up for an account.

Size of the ticket: Different variations in your ticket size affect your price. Bigger ticket sizes are considered as high-risk that eventually increase the rate for you.

PCI Compliance: PCI-Compliance is like a vow to protect the customer’s identity. It is the set of rules, which a company has to follow to keep the personal information of its customers safe.

Other considerations: Many of the processors will charge you a minimum fee if you don’t meet a specific volume of processing. Many of them won’t show it to you at all. Also, worth noting is that if you have purchased a CNP (Card not present) then you might get a better rate otherwise, you get charged extra.

There is no control over the rates as all the companies have their own entities deciding on the rate. There could be a standard rate decided by a group or a region, but no one can say that the rate could be matched or has a single pricing model for all kinds of companies.

Wherever you can ask, we suggest you ask for interchange-plus pricing. Even if merchant accounts never promote these plans, they often have them. It’s the most transparent payment model which doesn’t have enough margin.

All in all, we are here to provide you with proper information on how to get along in this fast-paced world which is changing in a blink.

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High Risk Credit Card Processing Merchant Account for Debt Collection Business

Why is Debt Collection is High-Risk?

Fact is, debt collection enterprise is at extraordinarily high Risk, due to the enterprise’s traditionally high chargeback rate. The purpose for this is fold: (1) the inherent nature of the business is that humans are paying cash they’d like an alternative now not be paying. some of the ones people will always initiate a chargeback, and (2) a few debt collection corporations who didn’t recognize the way to manage chargebacks, or who weren’t operating with a informed high-risk processor and payment gateway that would assist them manage and avoid chargebacks, have given the complete industry a bad reputation. no matter all this, however, thankfully, there are nevertheless a few true alternatives.

OFFSHORE DEBT COLLECTION MERCHANT ACCOUNT SERVICE

Merchant Stronghold works with a number of processors and gateway providers with sponsor financial institution relationships that offer both domestic and offshore debt collection merchant accounts. we are able to offer credit card processing for debt collection companies under the following two options:

Requirements for US Debt Collection Merchant Account:

US-based company representative.

US-based company entity

US bank account Business operations can be global

DEBT COLLECTION BUSINESS BENEFITS:

Through our processing partners, we can also offer debt collection businesses the following additional benefits:

Expert in underwriting

Same day approvals

Compatible with E-commerce portal and major payment gateways

Acceptance Visa / MasterCard / American Express etc.

MOTO (phone / mail), eCommerce, and swipe accepted.

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Get Reliable E-Commerce Payment Gateways

“How to get access to the payment gateway and accept Visa, MasterCard, American Express and Discover” in simple words are, the business needs to establish a Merchant Account. But, this doesn’t the only solution as Merchant Account, is just the service that is provided by the banks that will help to accept the electronic mode of payment. Businesses can choose between the elaborate array of collections banks from across the world have ACH, Check Processing, Credit Card Acceptance, Point of Sale System, etc.

The choice of services sometimes creates a lot of confusion for business owners to choose the perfect services according to their business type and what are the exact requirements for the application of the Merchant Account. For the ease of business owners Merchant Stronghold, with their industrial experiences can help them to choose from the perfect option according to their business. For the application of Merchant Account the business owners need few of the basic documents:

Articles of Incorporation of the business, Tax documents, etc, Fictitious filings, etc

A letter that is specified with the details and nature of the business, Fulfillment Agreements, DBAs, etc

Address and ID proof of the owner(s). If the physical address of the business exists the proof of that also needs to be attached with the application. Utility Bill and Passport recommended.

Personal and/or Business Bank Statements, Tax returns are important. This provides financial strength and stability to the business.

Merchant Stronghold can help businesses to establish the Merchant Account and provide a gateway terminal to accept payments across the world. One thing that comes while collecting the payment of through electronic methods is the customers have the right to dispute the transaction if they are not satisfied with the merchant’s service they directly contact to the bank for the amount that the customer paid for the product or service that leads to Chargeback. Merchant Stronghold will help businesses to fight such situations with all the legal documentation about which businesses many times are unaware.

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High Risk Payment Gateway for Travel Related Services & Vitamins

You can get high quality yet flexible payment system for your business. We have high-security products that meet industry regulatory requirements for safe processing. So, they can keep your system flexible and scalable. Our systems get the support of the expert team that helps you team up with leading payment processing brands. You will reduce risk, cost, and secure your future with the help of our payment processing infrastructure.

Attract new customers and keep current ones by using our world-class payment processing services. Mobile payment, checks, online payments, and many more options are available to you. We have special offers for people who do Telemarketing of Travel related services and Vitamins. We will help you manage payments with the help of latest account software integrated into your website.

Using our latest payment processing software, you can accelerate your business.

Manage hardware modules and cryptographic keys across payment infrastructure.

Certified and proven security solution with more than one options to choose from.

You can simplify your business and reduce obligations.

We offer management infrastructure that is compatible with mobile and comes with an assurance.

Take advantage of EMV and expertise support.

Customer Support

Merchant Stronghold has a ticket system that doesn’t require merchants to wait longer. An expert will handle your case immediately.

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How to get Payment Gateway for Tech Support Business?

If you have decided to start your tech support business and have dealt with the formalities, as the next step, you will approach a well-liked bank or a processor to be able to accept payments from around the globe. Everything will be fine until you mention that your business is based on providing tech support, online, and you might get rejected. The reason is simple — the bank does not want to deal with your application because it sees tech support as a non-secure industry. The same scenario happens if you approach other popular processors.

As soon as you confirm that you have a tech support business, chances of getting a payment gateway and merchant account get slimmer. So, what’s the solution here?

Merchant Stronghold Will Save Your Business

Merchant Stronghold is your savior when it comes to seizing a payment gateway for technical support business. It helps a lot of businesses to receive payments from all over the globe for technical support services. It supports all the currencies, which is important for a business with a global reach. So, if you own a tech support business, you can apply for a payment gateway in just a few minutes. When compared to the other competitors, Merchant Stronghold is definitely the better option.

You just have to contact Merchant Stronghold experts with the information concerning your business. Our experts will soon get in touch with you, where there will be a discussing your needs, requirements and what are you expecting from a payment gateway. In just a few days, you can start receiving payments from your customers.

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Payment Processor System For Your Online Business

A completely practical business website that aims to sell products or services should have a variety of payment options. This would support potential buyers to really spend on your products or services when they see that you can process credit cards or accept credit card payments through payment methods that are helpful for them. Rather than simply showing your items on the web and sitting tight for individuals to come to visit your store. Allow shopping from the solace of their own homes while giving them a protected online exchange involvement?

It can be possible when you get in touch with a reputable provider of a payment processing system. Wherever money is involved, you should expect that customers can be more specific and be able to present a reliable online image can make or break your very own reputation. By taking the time to ensure you have completely practical, secure, and smooth payment processing system, you can show your customers that their financial security is also your concern while you both gain from your online trade.

Conclusion

Why risk business when you can extend and provide to the more flexible payment options that your potential buyers require? You can get more when you have a good payment processing system to back you up. By we are offering your prospective buyer flexible payment alternative option. You are attracting more people to your business and eventually contributing to your business’s online success!

If you’re looking for any kind of payment processing solutions, you’re in the right place! Visit our services page to find out how we can help you today! You can Call Us at [phone] or Send us Email: [email protected]

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How To Choose Payment Services Provider For Your Travel Industry

Having the capacity to accept online payments is urgent in the movement of business. You need a route for your customer to pay online for their travel experiences! It is safe to say that you are a gathering travel organization or tour operator seeking an efficient, simple and reliable payment gateway organization for your customers? This is what you have to know to enable you to locate the correct travel industry payment gateway.

Real-time payment processing

One of the simplest measures is to define high risk accounts. Real time processing is a way to recognize or point out frauds. Instead of waiting for approval and accepting payment at a scheduled date, real time payment is processed at the moment. It is an essential requirement for Travel Agencies and tour operators under MCC 4722. We also offer electronic invoicing, recurring billing, and fraud prevention.

Customized Accounts and Management

Standard merchant accounts don’t have flexibility; you need a customized account to deal with high volume transactions. With time, your travel business will expand and limited payment methods won’t work. High risk accounts should have features such as “cash control and cash flow” management.

High Risking Account in Multiple Currencies

Don’t choose a Payment service provider who doesn’t deal in multiple currencies. There are a number of possibilities when you expand your business on the internet. You can sell Travel packages to clients from other parts of the world. A Merchant account in multiple currencies can be a good future investment. For suppose, if you are a UK based merchant and you receive payment in dollars, your account should act as a bridge between two different currencies.

Fraud Detection

Travel agencies and Tour operators are high risking businesses, which mean there is a high possibility of frauds. A technical system that assists you to predict the reliability and authenticity of a transaction is what you need. It can protect your high-risk account from frauds with the help of information gathered. A system that gives special attention to larger transactions.

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Online and Offline Payment Processing | Advantage & Disadvantage

These payment methods are different in terms of advantages and disadvantages. In the next section of the article “Offline vs Online Payment Processing”, we will discuss a detailed difference between the both.

Advantages of Offline Payment Processing There is a reason why most people around the globe still prefer to use cash for their daily money transaction. Some advantages of the offline method of payment are given below:

Being a traditional method of payment makes it more trusted. People still trust the bank checks and drafts and use them for payments. TThe offline transactions are transparent. This means both the lender and receiver are sure about the transaction at the moment of the deal. Offline mode of payment is direct and do not depend on any other source. For example Internet or payment gateways. Easy to use and understand. Many people face difficulty with the online mode of payment.

Advantages of Online Payment Processing In the war of Offline vs Online Payment Processing, the online method is winning so far. This is due to some advantages of this mode of payment.

Online method is quick and easy. You can transfer a big chunk of money with just a swipe of your finger. You have the record of all the payments. This helps in reducing the payment frauds. Speaking of frauds, the online methods are safer as the online payment gateway takes the responsibility of the money during the transactions. You can make a transaction in any part of the world without facing the issue of currency difference. Worldwide acceptance and 24*7 availability.

Disadvantages of Offline Payment Processing There is also some disadvantage to the offline payment that makes the user go for the online method. Here is some notable disadvantage of offline payment method:

The offline method is limited by many factors by distance and acceptance of another party. It’s not safe at all. The party on the receiving end will have to check and recheck the received payment. Not recommended for the transaction of a large amount.

Disadvantages of Online Payment Processing There is a reason why the offline payment method still exists even when the online method is winning in the Offline vs Online Payment Processing. This is because the online method is not as good as it sounds.

Card frauds – All of us heard about the credit card and debit card fraud reports. Identity theft can cause the loss of money and data of an individual. The online method requires the person’s identity in order to make the transactions.