Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022

The merchant payment industry has been diversifying in payment options at an increasing rate over the past few years, especially with contactless payment and alternate payment methods. Let's take a look at the trends that have the potential to boost eCommerce growth in 2022.

Trend #1: Mobile Payments

Mobile payments are the default payment method used by people under 30 to purchase and pay for everyday items. The traditional methods such as cash money, paper checks, and even plastic payment cards will be alien to future generations. This boom in the usage of mobile payments is due to its simplicity and convenience, as it can be used to pay for anything from groceries to electric bills.

People no longer have the need to carry around their wallets, and delivery guys no longer have to carry a card swiper with them. All this makes the lives of people much easier and simpler. Payment Asia offers one-stop mobile payment solutions that are secure and reliable.

Trend #2: Single-Click Payments

Single click payment methods make any online shopping or payment much easier as your credit and shipping data will be held online once payment is made on a website, allowing you to choose an item and pay for it immediately. You more going through checkout carts and lengthy payment forms, just one click, and payment done! Data will be filled in automatically for future payments made by the merchant. This payment system that encrypts the card data of the customer is called tokenization. The token is now the customer’s identification for any purchases made in the future. Payment Asia reviews testify that they offer single-click payments that are not only convenient but also safe and secure.

Trend #5: Cryptocurrencies

Cryptocurrency is a viable payment method that offers many advantages over traditional payment methods. Crypto relies on a “Push” payment method, which means that once the funds are transferred to your account, they cannot be charged back. This is a major advantage for businesses can lose their MID by merely accruing a slight raise in chargebacks.

Cryptocurrencies such as Bitcoin are powerful financial instruments as they can transfer large amounts without any changes and are decentralized. This allows merchants and customers to transfer wealth without needing banks. Payment Asia offers a cryptocurrency gateway that is designed to bridge the gap between digital and fiat currencies.

Digital payments are growing at an exponential rate. Ensure you choose a payment provider that ensures you take full advantage of every possible payment method to gain the most out of every sale. Payment Asia reviews speak of the range of digital payment trends that are built to grasp business opportunities with every cashless transaction.

The Role of Payment Solutions Providers in The Success of Your Ecommerce Business

Payment solutions providers act as a link between merchants, their customers, and the financial institutions that process transactions. As part of this global financial chain, they synchronize online non-cash transactions by validating the information and distributing funds to the merchants once the sale goes through. They disburse funds both to the merchants and to the issuing banks by accommodating the flow of data between all the parties concerned. It is always recommended to select reputed and reliable e-commerce payment solutions providers such as PaymentAsia, as the success of your business will depend on the efficiency of their services.

Smooth Integration of Website

One of the requirements of a payment service provider is that they should be able to integrate your website with their payment gateway easily and effortlessly. Plugging in should be smooth, quick, and problem-free. PSPs provide an encouraging environment where developers can provide solutions that makes customization simple and payment integration and testing easily possible. They also provide you with all the documentation, support, and ideas that you need to make the integration process simple. This, in turn, gives you access to payment acceptance avenues that are secure and scalable. Partner enablement tools such as APIs help with account management, reporting, smooth merchant onboarding, and other transactional activities.

Get Personalized Support

PaymentAsia as your processing partner will give you personalized support along with technological backing. This ensures that they will provide you with solutions that are specific to your needs and are not cookie-cutter answers. People who are familiar with your business are directed to help with your services. There is, therefore, no wastage of time or effort. Thus your business will not merely succeed; it will thrive in the economy. Customer satisfaction will be further enhanced by the fact that there is technical support 24x7x365. Any blips are dealt with promptly, leading to seamless transaction experiences, thereby increasing customer loyalty and support.

Access A Global Clientele

With PaymentAsia as your payment processing partner, you can access a global clientele as it is possible to adjust the checkout services for language, currency, and payment methods. They will also provide a robust reporting tool that will give you information about the revenue that is coming in as well as point out gaps that need to be filled, so you can add to your revenue. You can access your payment information details and account data anywhere and anytime you require it. The unified portal ensures you can securely view your reports online and manage your daily business activities efficiently. Contact Payment Asia’s Kenneth for more details.

Top 5 Payment Trends That You Should Be Aware of As You Start 2022

Even before the Covid Pandemic started, there has always been a rise in contactless payments and alternate payment methods. The pandemic has only given it a greater push. Here are five payment trends supported by Payment Asia that have the potential to fuel the exponential growth of e-Commerce in 2022.

 Trend #1: Mobile Payments

Nowadays, mobile payments are the new de-facto method used for the purchase of everyday goods from groceries to pet care. Cash money, paper checks and card payments will be a completely alien concept to the coming generation. The obvious reason for this huge shift to mobile payment is that it's simply much easier. People no longer have to carry a check everywhere they go, and delivery guys don’t have to bring a card swiper to your door every time. Also, with Covid and its variants around the corner, mobile payments certainly promote social distancing. Hence, the mobile payment method is to be the inevitable king of eCommerce. Payment Asia reviews testify that it provides excellent payment technology that supports a variety of mobile payments.

Trend #2: Google Pay and Apple Pay

E-Wallets such as Apple Pay and Google Pay are significant modes of transaction. People are most likely to forget their wallets than their smartphones. Electronic payment technologies have not completely replaced traditional card or cash payments yet, but that’s the direction in which we are all heading to.

Trend #3: Single-Click Payments

Many companies, especially Amazon use the so-called “single click” payment methods. By holding your card details and shipping data online using the process called tokenization, they can allow you to choose and purchase it immediately without having to go through checkout carts and fill out payment forms for every purchase. Tokenization encrypts card details into tokens that are stored securely and safe to use anytime. Invest in Payment Asia to provide your customers with this safe and easy payment mode that gives your customers the advantage of not having to enter card details every time they make a payment.

Trend #4: Contactless Payment

Contactless payments are made via Near Field Communication (NFC) or Radio-Frequency Identification (RFID). In general, the consumer taps on a payment-enabled mobile device or contactless chip card or on a contactless-enabled POS terminal. These types of payments make checkouts faster and easier for the consumer. Contactless payments methods have become significantly popular during the pandemic.

Payment Asia reviews affirms that the payment gateway provider offers a range of e-commerce friendly payment technologies that have the ability to grow an online business.

Dangers of Website Payment Processing Security Lapses

The growth rates of online payment solutions are relatively steady over recent years. However, occurrences of digital payment frauds, both card and online, are also on the rise. There are many types of cyber-attacks, that can be destructive in nature. The attacks become sophisticated day by day. And only a trusted payment partner like Payment Asia can provide you with the most secure payment technology. Read on to know some of the common cyber security threats that can affect payment solutions.

Denial of Service Attacks (Dos) and Distributed Denial of Service attacks (DDoS)

In a DoS attack (Denial of Service), a network or application is made unavailable to the users owing to resetting or flooding the target resources. It may be done by old school hackers who focus to pursue a personal belief or others with an objective of financial gain. Sometimes, these kinds of attacks are used to hide other attacks. In Distributed Denial of Service attacks (DDoS), the attack is on a single target but it may affect multiple systems. There are three types of Dos or DDoS attacks. A flooding attack constitutes blocking access to a system by exceeding the available bandwidth. Opening too many communication sessions by sending data packets to lead to blocks and overflows is called a protocol attack. In an application layer attack, an error is exploited to implement a protocol that crashes a particular server. These attacks cost the customers their time and money as they will not be able to access their resources until corrected. The secure systems of Payment Asia offer innovative technology for its customers. Always opt for a trustworthy payment partner for smooth operations.

Phishing and Social Engineering

In phishing, attackers usually disguise themselves as legitimate and trusted groups. They will try to get sensitive information like usernames and passwords with deceiving intents. Social engineering involves tricking you into inadvertently carrying out tasks disclosing sensitive information. These activities try to exploit a person's natural inclination to trust. Get in touch with Payment Asia’s Kenneth for more details on how to avoid this kind of attack.

Malware Attacks

Malware attacks usually take advantage of weaknesses in websites, third party software or operating systems. This malicious software tries to gain control of the target's devices and steals valuable information. Always opt for reputed payment gateway providers like to avoid such risks. Be careful while using your systems too. Payment Asia holds their compliance with security regulations to protect customers' data. Moreover, its innovative technology makes sure that the product is stable and trustworthy.

Digitally Enabling Your Business for Future Growth

As a company or business, you need to keep growing and adapting over time. This cannot be done by continuing with an outdated approach. To keep up with the times and competitors, you need to work on a strategy based on available resources and current digital technology. Avail of payment options through payment gateways such as Payment Asia. By investing in digital technology, you can push your growth forward. Let’s look at different ways you can digitally enable your business.

Promote Remote Payment Options

Today, there are several options that allow you to offer online payments through mobile apps, payment gateways, and other such ways. Payment Asia reviews have shown various options that can help you with remote payments. A customer does not have to physically step into your store or building to avail of a service or buy products. Whether your customers are local or global, a remote payment option can help you reach them more effectively.

In-Person and Contactless Payment Options

Credit card and debit card have been in use for many years now, but it has become a very common mode of payment more recently. Currently, contactless payment technology has taken over conventional digital payments, as customers can pay without using cash or even their card. This has become an everyday affair with the younger generation, as they are more tech-savvy. By upgrading your digital payment options, you can cater to a much wider customer base. You can take a look at what Payment Asia has to offer in terms of contactless payment options.

By enhancing your digital capabilities, you can keep track of what ads bring customers to your site and how often this converts into a sale. You can also quickly identify the products or services that are performing better. With the use of electronic invoices and payment processing, you can significantly reduce the time between when you issue and when you collect on outstanding amounts. By automating these processes, you can also save on labor costs. This will also reduce any discrepancies in your cash flow, making it easier to reinvest your revenue. You can also simplify all the aspects of running your business by building upon your digital capabilities and giving your business the growth boost it needs. Check out Payment Asia reviews and opt for an efficient and trustworthy payment portal to handle all your online transactions.

Does Online Payment Processing Increase Customer Retention?

Cash has been the preferred mode of all transactions for the longest time. It is only recently with high speed broadband being available in most parts of the world, that online payments have started to make a presence. The pandemic has further popularized online modes of payment. With everyone in lockdown, the only way things could be procured was through online payment. More and more businesses have opted for an online presence as they have realized they can access a global market if they have efficient websites. You however have to make sure you partner with sophisticated ecommerce payment solutions providers such as Payment Asia.

Comprehensive Online Payment Solutions from Payment Asia

PaymentAsia provides comprehensive payment solutions using the latest technological advancements. Their rates are competitive and they provide custom solutions as per the needs of your ecommerce portal. When customers enter your website, they look for a smooth and seamless experience from the start to the very end. Websites are many and online customers are notoriously fickle. They are likely to wander off to another site if they are hindered in any way.  Every feature of your website has to work like a well-oiled machine. There is no room for error if you are looking to expand your business.

Pay As Your Wish

The payment process has to happen smoothly and instantly. Customers are wary of long delays as there is always the risk of your account being hacked into. As mentioned by Payment Asia’s Kenneth, the company ensures that it keeps up with the times and demands of customers by providing clients with omnichannel payment solutions and mobile payment solutions. In some countries such as China, the QR code is the favored method of online payment. In other places, they may prefer credit cards, e-wallets, direct debits, or bank transfer.  Whatever the mode of payment you require; Payment Asia is the one-stop payment solution platform that is also very safe and secure.

Integrate New Developments Seamlessly

Your online payment processing should be able to integrate new technological developments into the existing systems without too much of an upheaval.  PaymentAsia offers different payment solutions for all your business needs. The payment solution it offers has the ability to integrate seamlessly with new developments and cater to all your different needs. This in turn allows you to retain your customers and increase customer loyalty as well. It is PCI DSS Level 1 compliant too which is required by solutions providers that process over a million transactions a year.

How to Overcome Different Security Challenges: A Guide for Merchants

With the increasing use of online payment processing solutions, it is only natural that the risk of cyber fraud is expected to rise. Many merchants are afraid of accepting an online mode of business because of these risks. However, to not be redundant in the market it is essential that you should expand your business with e-commerce options. Partnering with reputed companies such as Payment Asia can minimize your risk. Here is a guide on how to overcome security challenges in online payment solutions.

Data Encryption: Secure the Payment Information

Encryption of payment data is one of the basic steps that needs to be adopted by all merchants. If the data in your server is unencrypted, it is like inviting hackers to get your customers' sensitive financial information. It is also important to gain the customer's trust in this matter. You can utilize Payment Asia's reliable and secure system to your advantage. The payment system and your processor should encrypt the financial information immediately as it is received from your customer.

Address Verification System: Verify Your Customer

One disadvantage with the online platform is that you cannot physically verify the other party in your transactions.  However, there is an established defensive system to tackle this issue. The address verification data (AVS data) protects you against a stolen card. This system verifies that the address linked to the payment card matches the address provided by your customer at the time of billing. This can reduce a large extent of online fraud in payment transactions and keep both parties safe.

Suspicious Activity Report

This is another checkpoint for online payment transactions. If the customer's location is unusual or if the purchasing behavior is different from that of the customer, you will receive an alert to make sure to review the transaction details. Providers such as Payment Asia have established efficient artificial intelligence solutions to aid you in this regard. There could be many genuine reasons for a particular change, however, it is worth being clear of the payment activity before it is finalized.

PCI Data Security and Standards

Complying with the regulations in payment card industry is a great way to keep fraudsters away from your business. The established rules of PCI lay down specific security standards. Your customers will trust your business when you comply with the guidelines.

A Reliable Payment Processing Partner

Keeping up with the ever-changing payment industry rules is a difficult task. Partner with reliable providers so that your security worries are taken care of. You will have your time and focus spent on business so you can stay ahead in the market. Payment security is paramount to the success of any business. Get in touch with Payment Asia’s Kenneth today.

Benefits of Online Payment Processing for your eCommerce Store

Online payment solutions have become increasingly popular amongst customers in the last decade due to extensive advancements in internet technology. As the world progresses in terms of digital technology, it is obvious that the percentage of cash and check transactions will significantly decrease. As a business owner, you can take advantage of this situation to expand your business in a big way. Read on to know more about the benefits of online payment solutions provided by reputed companies such as Payment Asia.

Better Customer Experience Better Sales

Electronic payments are much faster than the traditional methods of payments such as cash or cheques. In the case of online payments, there are no constraints of time or location. One can easily make payments at any time from anywhere across the globe. The transparency in digital payment makes your customers confident, which in turn contributes to sales growth. Make sure the system you provide to your customers offers a seamless experience. The availability of multiple payment options in your payment platform ensures that the diverse needs of your customers are met. Payment Asia reviews suggest that a smooth checkout experience motivates customers to stay loyal to your business.

Integrated Payment Systems

Payment gateways are integrated into the e-commerce site, and thus it allows your customer to smoothly move to the payment page. The two main methods of payment integration are a hosted payment page and direct API. In the hosted page method, information from your website is transferred to a hosted page elsewhere. It is a third-party page that handles the payment transaction. This method is simple for you to use and can be easily set up without any delay. In Payment Asia, the gateway providers securely handle the transactions so that you are free from the responsibility of safety and security. If you have an established brand and do not wish to send your customer out of your webpage, you can opt for a direct API. It enables you to process payment transactions in real-time through the payment gateway directly in your web pages, shopping cart or mobile applications. You can have full control over the design of your checkout page as there is no redirection.

Safe and Secure Transactions

When your customer completes the payment transaction, the payment gateways ensure that the payment method is authorized and money is placed in the merchant's account immediately. This reduces the financial risk on your part, as you don't have to worry about bounced cheques and the fees associated with them. The integrity of payment by the customer is verified by payment gateways like Payment Asia. With a faster transaction system, you will have better control over your money received. Payment Asia reviews suggest that investing in reputed payment gateway services ensures the security of your transactions as they comply with the standards specified. The safety of your payment system increases your customers' morale and motivates them to purchase more.

Must Know Facts About Cryptocurrency in eCommerce

It is difficult to ignore the impact and influence of cryptocurrency in eCommerce, even though it is relatively new. The rapid evolution of cryptocurrencies such as Bitcoin has encouraged businesses to tap into its benefits in order to expand their reach. Trusted payment gateway providers such as Payment Asia offers a crypto gateway that can help you meet the payment processing needs of customers. 

What is Cryptocurrency?

Cryptocurrency is a digital currency that is independent of third parties such as banks and governments. Unlike fiat currency that is supported by the government, cryptocurrency uses encryption technology to administer its use and release. Verification of transactions is done as a decentralized system and distributed as block information as a public record. Check balances are controlled digitally, which makes it extremely difficult to counterfeit or steal. Bitcoin or BTC is the most well-known cryptocurrency. Services offered by Payment Asia are directed to bridge the gap between cryptocurrency and fiat currency.

Why Cryptocurrency?

One key reason why you should opt for a crypto gateway is that this form of payment processing is here to stay. Large multinational enterprises have already started dabbling in thisfield;therefore, it is only natural that many others will follow suit. The platform of eCommerce and cryptocurrency are complementary to each other. With an increasing customer base who invest in cryptocurrency and demand immediacy and security, cryptocurrency can be extremely beneficial. Its features of increased security and the global nature of transactions give you more control over transactions. Read Payment Asia reviews to understand how their services have benefited retailers.

Increasing Demand

Investors have accepted cryptocurrency as a long-term investment;thus, it makes sense when they start using it as a mode of payment. Today, businesses have truly gone global, and quite often, e-commerce companies struggle to adjust prices and currencies to accommodate the volatile fiat currencies of each country. Payment Asia reviews suggest that cryptocurrencies can circumvent these concerns as it has a vast and ever-increasing customer base across the globe. You can make use of crypto gateway services to delve into newer markets and enjoy the first-mover advantage.

Enhanced Security and Fast Transactions

With blockchain technology, it is extremely difficult to duplicate transactions or counterfeit the currency in the cryptocurrency system. Each transaction is time-stamped and irreversible. Further, transactions are verified using encryption technology. The transaction involves a two-factor verification process. Additionally, transactions are processed instantaneously, unlike bank transactions. You will have instant access to the funds, allowing you to streamline your cashflow.

Features of Payment Asia’s Crypto Gateway

With Payment Asia’s crypto gateway, major digital currencies such as Bitcoin are accepted, and payments are made in six major currencies. Instant locking of transaction rates is done to minimize your risk. You can withdraw your funds within a business day. Moreover, you can pay your suppliers in more than 200 countries.

Must-Know Aspects Prior to Opting for an Ecommerce Payment Gateway

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.

To ensure long-term business success and profitability, connect with Payment Asia, a leading e-payment technology and management company. The payment gateway solution you choose for your business can often determine whether or not your online store will be profitable. If your online payment setup isn't ideal, you'll either lose a lot of potential customers or end up paying a lot of money in transaction fees.

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.

What are the Benefits of Partnering with Payment Asia?

Payment Asia has garnered a solid reputation since its establishment in 1999. Its dynamic features and customer service has earned them several partners over the years. It has made online transactions easy and secure for all kinds of payments. Here are some of the benefits in store, when you partner with them.

Less time and effort

Online payments are an ideal choice as it makes the transaction process easier. However, some online payment service providers include several steps which make the process long and complicated. However, Payment Asia’s Kenneth confirms that they specialize in creating payment processes that will save you time and effort. Most transactions are completed through simple clicks, making it an effortless procedure. Your customers will not have to worry about cash payments or even PIN numbers, as the company offers contactless payment solutions. Further, you will be able to accept payments through mini-cards and metallic cards.

Fraud management solutions

Payment Asia uses one of the most dynamic AI technologies to provide innovative fraud management solutions for your business. If transactions are unauthorized or if the IP address is unrecognized, it can be easily detected. In such cases, the transaction is blocked, and your funds are secured from falling into fraudulent hands. Fraud management is also undertaken by introducing CAPTCHA on your business page. This system is used to prevent your website from incurring losses through malicious attempts. It simply requires the identification of small and capital letters and numbers. The technology also ensures that you receive the payment before the transaction is completed. This reduces the risk of cheque bounces and fake transactions in the purchase. Having a reliable fraud management system will increase the credibility of the business and fuel its growth.

Dynamic marketing strategies

Using affiliate networks can enhance your sales. Payment Asia provides business owners with an affiliated networking program. It creates a rewards system where every referral gets instantly rewarded. This will not only boost your sales but will help establish a trustworthy network in the market, through which you can attract more customers. Further, rewards will help to build the reputation of your company while helping you cut lucrative deals with your affiliate partners. Having a reliable payment gateway will ensure the credibility of your business to your partners and your customers.

Global market opportunities

Payment Asia understands that your business may be facing still competition in your niche. Their solutions will help your business grow in local as well as global markets. Easy transaction processes and reduced exchange rates will significantly contribute to the growth of your business. Through its payment gateway, you will be able to accept payments from cards, e-wallets, phone transfers, and even cryptocurrency. Further, payments can be made at any hour of the day and will be confirmed instantly. With easy and multiple payment options, your business will earn loyal customers in the global market.

Friendly customer service

With Payment Asia you are assured of reliable and friendly 24/7 customer service. Their team of professionals is available to address any problems or queries. Thus, if there’s a glitch or if you have questions about exchange rates, you can always get in touch with customer support. The team has been appreciated for being attentive and prompt. Payment Asia’s Kenneth confirms that all their service representatives undergo training to handle and settle problems as quickly as possible. Therefore, if you want your business to gain trust and grow, it’s time to partner with Payment Asia. They will form the perfect partnership to take your business to the next level.

Comprehensive and Cost-Effective E-payment Services from Payment Asia

A vast majority of consumers worldwide are moving towards e-payment channels these days due to the convenience it offers. It is essential therefore for a business owner to offer such e-payment alternatives to their customers in order to stay ahead of their competition and gain market edge. But customers can be wary when it comes to making online payments. A business should ensure that the payment gateway channels they offer are secure and flexible as well as quick and efficient.

 Third-Party Service Provider

Companies like Payment Asia have extensive experience when it comes to developing and providing advanced e-payment solutions to their clients. Established in Hong Kong in 1999, Payment Asia has offered innovative technological solutions to a wide range of clients from small and medium local businesses to large multinational enterprises spanning Asia.

It is beneficial for a business to choose the services of a third-party provider like Payment Asia as it saves them the time, money and effort of developing custom systems for themselves. Rather, they can focus on their core business while depending on Payment Asia who have established themselves as a trustworthy provider to meet the payment needs and growing demand of their customers.

Types of Packages

As mentioned by Payment Asia’s Kenneth, the company offers a standard and a premium package to their clients. Depending on the size of your business, you can choose the package that fits your need and budget. Small and medium size businesses typically prefer the standard package which consists of a single source system as well as comprehensive scalable solutions for any future business requirements. The payment gateway supports multi-currency payments and also provides real time reports and fraud protection. All this comes at a very affordable cost while providing easy and secure online payment options to the customers. They also include some value-added services like e-marketing campaigns to give visibility to businesses and increase online traffic to their client’s website and aids in cross-selling.

The premium package is designed for businesses that have a large turnover and global reach. It has all the features that the standard package offers with excellent customer and technical support services for a glitch-free experience. The multi-lingual and multi-currency options are a great advantage for doing business on a global scale. The company offers latest payment methods which include debit and credit cards and other alternate payment channels with a flexible settlement period. All these features provide customers with maximum convenience for their payments and ensure that they are satisfied with the service. The advanced fraud detection and prevention systems integrated into the solutions provide complete protection to the users for all transactions made by them.

Application process

The application process at PaymentAsia is simple and completely hassle-free. The company has a checklist for merchants of all required documents to be provided while applying for a merchant account. If all documents are in place, the procedure to set-up takes just a few days and a business can expect to start using the system within seven working days.

If you want a customized, comprehensive and cost-effective e-payment solution to boot your business transactions, connect with the team at Payment Asia to understand what they have to offer and how they can help you. The team has a good grasp and understanding of all types of business requirements from the number of clients that they have worked with can develop a custom e-payment solution for you that will be an innovative tool for the growth of your business. With this e-payment service provider, you can accept payments from customers at any time and from anywhere around the globe.

Efficient Management of Your E-commerce and E-payments

Payment Asia offers the most innovative and secure technology for mobile and online payment solutions to global and domestic online businesses. It is also a leading e-Payment technology and e-commerce management company. Established in 1999 and based in Hong Kong, Payment Asia has been committed to offering innovative e-payment solutions using the latest online payment technology to serve local small and medium enterprises (SMEs) to Multi-national Corporations (MNCs) across Asia.

Comprehensive Professional Services

 

Payment Asia provides its esteemed clientele with comprehensive business solutions that include cost-effective online payment processing through debit cards, credit cards, e-wallets, and more. They have systematically worked at enhancing the use of digital marketing, e-logistics businesses, e-commerce consulting, and artificial intelligence to suit the business requirements of their clients. To meet individual customer needs, their services have been customized and developed using advanced technology in order to provide omnichannel payment solutions. Until now, Payment Asia has served thousands of foreign and domestic merchants with concerted efforts and support from a highly experienced team of consultants.

 

Mobile Payment Solutions

 

While online purchases have become the norm, most people in Hong Kong prefers to buy their products using their mobile phones. Payment Asia has launched a mobile app payment gateway to serve the growing demand of clients. In order to reduce the auditing risks involved and to save costs, clients using the PA Pay App can benefit from cashless payments and can significantly boost their average sales.

 

Omni-Channel Payment Solutions

 

For all your business needs, Payment Asia offers a wide range of payment solutions. A seamless, integrated, secure, and reliable system is provided through omnichannel payment solutions through innovative payment technology to meet the growing demand of merchants. Their secure and state-of-the-art one-stop solution platform combines several payment methods, giving merchants the flexibility to deal with customers who prefer different options. As mentioned by Payment Asia’s Kenneth, the company aims to help merchants promote transparency, reduce operation costs, and maximize market share. This is why they have clients from various sectors, such as finance, aviation, tourism, and e-commerce.

 

Alternative Payment Solutions

 

Today, there are several other alternatives other than cards for payments when it comes to online transactions. The business world now accepts a huge range of payment options thanks to the rapid development of payment technology. This innovation and development have fueled the growth of e-commerce in general, enabling businesses to grow and prosper. To provide the best and most efficient payment options for merchants, Payment Asia seamlessly includes alternative payment solutions into its comprehensive payment service packages. Some of the alternative payment methods are bank transfers, mobile payments, direct debits, and e-wallets.

 

Payment Based Lending Solution

 

Payment Asia offers a simple way for users to make short term credit card payments by partnering with Reap. This allows users to earn rewards such as cashback rewards, air miles, and access up to 58 days of interest-free financing. Reap is a leading payments-based lending platform in Asia, which is headquartered in Hong Kong. They enable small businesses to pay expenses anywhere to anyone via credit card. Reap has developed partnerships with several local and international corporations such as Visa, Xero, Lalamove, and hopes to utilize these relationships to serve thousands of local SMEs. Some important clients of Reap include Heeretea, Snaptee, Pizza Box, etc.

 

Choosing Payment Asia is the next step in the right direction when it comes to offering your customers multiple options for payment. In a world of stiff competition, it is important to make the right decisions at the right time. Get in touch with Payment Asia’s Kenneth for more details. 

How does Payment Asia Secure Your Transactions?

As an online merchant, you will want to secure digital transfers to avoid any payment glitches. Payment Asia secures your online transactions while preventing fraudulent activities. It also prepares you for future changes in the market to prevent heavy losses. Take a look at how Payment Asia protects your online credit-card transfers.

Merchant-Customer Network

 

Payment Asia prioritizes the merchant-customer relationship. Therefore, it designs your website to provide easy and secure payment options to customers. They allow multiple payments and currency options for consumers to choose from. Credit card transactions are usually preferred, but these transactions are often at risk of being exposed to fraud. However, Payment Asia’s networks can easily and professionally handle such risks. They create a host page that collects the transaction data before it is transferred to the acquiring bank. While this page is tailor-made for your business needs, it also retains the data to boost your sales. When multiple payment methods are provided by your website, it will attract more customers as they can pay using different and convenient options such as eWallet, credit and debit card, and bank transfers.

 

Compliance Procedures

 

If your business is on a digital platform, then it will have to comply with certain regulations. While dealing with varied currencies and different payment methods, there’s a constant threat of data theft. PCI DSS compliance is the first step to secure credit card details. Through its networks, Payment Asia fortifies your transactions as well as your customers’ details. Their networks have high-level built-in API to prevent untoward activities on your digital website. Apart from this, you’re also assured of safety from the theft of personal information.

 

Security Networks

 

Payment Asia uses top-notch security channels between the merchant and the customer. The channels come into play once the card details are entered into the device. The first fraud check takes place at this level. Then the PCI networks activate the encryption process to make it end to end. Amongst other designs, the details are often converted to EFT switches so the messages can be interpreted according to the processing formats. If you choose a service provider with a weak security network, you have a higher risk of data theft.

 

Acquiring Banks

 

Apart from data encryption, Payment Asia networks are also focused on bank procedures. The data received by the bank is given to credit card channels, which forwards it to the issuing bank. While the second fraud check is run by the acquiring bank, a third screening is conducted by the issuing bank. This eliminates all possibilities of your website, falling prey to any fraudulent activity. Once the checks have been successfully conducted, the bank authorizes the transaction to the acquirer. However, if there are any glitches with the card, then the same is rejected by the bank. 

 

Post-Authorization Procedure

 

Once the customer’s bank authorizes the payment, it is ready to be transferred to you. The funds are either sent to your account or to Payment Asia’s account. This is based on your registration preferences. Even if you have a dedicated, acquiring bank account, it needs to be under the umbrella of your service provider’s network. While transferring this fund, the norms of your provider-merchant agreement will come into play. After the successful transmission of this fund, you’ll get a confirmation message. However, if the credit card payment is declined, your website will direct the customer to choose another payment option. This secure network and encryption reduce the PCI burden while shielding your transactions from being mishandled. 

 

Speak to Payment Asia’s Kenneth, a company representative for more details with regard to their services.