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 This cannot be done by continuing with an outdated approach.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.