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Electronic Payments Processing Help Small Business Participate in This All Important Survey SBC Counselors Also Encouraged to Participate Dear Small Business Development Centers: The AS BDC Board
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Electronic payments processing refers to the digital transfer of funds between parties for goods or services.
Businesses and individuals who receive electronic payments are required to file electronic payments processing.
Electronic payments processing can be filled out online through a secure portal provided by the payment processor or financial institution.
The purpose of electronic payments processing is to facilitate fast, secure, and efficient transactions between parties.
Information such as the payer's name, amount of payment, date of payment, and purpose of payment must be reported on electronic payments processing.
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