Customers are now more exposed than ever to newer, more efficient and more seamless payment modes, which have changed the digital payment landscape. This is one of the reasons why businesses must keep up with the ever-changing industry in order to provide their customers with the best and fastest services possible.
Depending on your company and the
functional requirements for your e-commerce business, the following factors
should be considered.
Choose an appropriate payment flow
When starting an e-store, the
most important thing to remember is to allow the purchase of a service or
product using a common payment platform such as a debit card, credit card, UPI,
digital wallets such as Paytm, or others. While some businesses sell directly
to customers; others may prefer to take the help of a third party to deliver
payments. Further, it's also important to ensure that your payment gateway is
compliant with all payment channels.
Choosing the correct product
A payment gateway
provider such as Payment Asia can help you collect payments for products or services without
a hassle. Consider theadaptability of your payment solution while keeping
protection in mind when choosing the right product. Double-check the payment
gateway's terms and conditions for the products you're selling, as some of them
don't allow you to sell intangibles such as digital products and services.
Make
your customers feel safe and secure
The protection
of card payment data is a vital factor. The Payment Card Industry Data
Protection Standard demands that a gateway service provider be level 1
compliant (PCI DSS). This ensures that card data protection is at its highest
level. If a customer makes a transaction, they expect their personal details to
be kept safe and their funds to be transferred to the retailer easily and
safely.That is why, when it comes to security, ensuring that your payment
processor is vigilant in protecting data and upgrading their security measures
will ensure that your customers are secure.
Flexible
Fees Structure
While signing a contract, it's
important to consider the service provider's fee structure, as secret fees can reduce
your profit margin. It is advisable to reduce these payments as much as
possible in order to increase the company's bottom line. Some gateways charge a
transaction fee, while others charge a monthly subscription fee for a certain
amount of transactions. As mentioned by Payment Asia’s Kenneth, the company has a transparent
and affordable structure that merchants will find conducive to their business.
Easy
and Simple Integration Process
E-stores are often associated
with a financial transaction that involves a range of payment options. Payment
processing can be directly incorporated into the company's website. In such
situations, a payment processor that guides customers to a third-party site
where they can enter their credit card details is an excellent solution.The
provider then redirects your customer back to your online store until the
transaction is complete.
Customer Support
When something goes wrong, you
must be able to fix it quickly or else you will risk losing sales. Although you
can read manuals and follow directions, having professional assistance is
extremely beneficial. Finding a payment processor with 24/7 customer service is
thus, crucial for your business. Whatever difficulties or technical problems you
have encountered, Payment Asia’s customer service team is always
prepared to help.
Thus, if you are looking for payment
processing solutions, get in touch with Payment Asia’s Kenneth to
get customized solutions to meet your specific business needs and requirements.
