ECommerce Payment Gateway
Posted: Aug 02, 2021
E-Commerce Payment Gateway Solutions for Online business significantly increases a business’s hold on the global market which is already leaning towards growth.An online business needs to have an online payment processing gateway that handles the payment processes for their eCommerce Business.No online business can deny the fact that the payment processing solution is a crucial part of their profits.How does an eCommerce Payment gateway help an online business to flourish in the global market and what are its features and benefits? The question of how does an eCommerce Payment Gateway Helps a Business can be answered with all the features that we have lined out. Most of the time an eCommerce is seen through the lens of the High-Risk criterion.A Payment Gateway is a channel through which the payments are processed for the business.The line-up of features allows the channel of payment to be a beneficial part of the company.The question is, What are the features and benefits that a payment processing channel has to offer an online business in the present generation.Features of a Payment Gateway Every feature of a payment gateway allows an enterprise to be more profound depending on the choice of a payment service provider.Security: according to a business needs a security feature is set up on a payment gateway.3DS vs Non-3DS: know what is the basic difference: 3D Secure: 3-Domain Secure Payment gateway is one where there are three layers of security present.The virtual one-time use pin is the third layer of protection that exponentially increases the security parameters of a payment gateway.Non-3D Secure: a non-3D Secure gateway for payment has less than three layers of security.The in-built invoicing capabilities of a payment processing unit is a great feature to have because it saves a business from the hassle of sending an offline invoice to the consumer every time.Though every enterprise has the choice to send in an invoice, a feature of the payment gateway will be instantaneous.Multiple Modes of Payment: a great feature of the payment processing solution is multiple payment options.More modes of payment mean more options for consumers to pay.Are some of the modes of payment that help in increasing the UX of a company."Convenience leads to loyalty" and different modes of payment is a great convenience feature that provides firm support to the eCommerce business.Large Value Payment System: ease to settle larger value payments are essential for an eCommerce business.LVPS allows the consumers to pay huge values of payments through payment processing gateway and settlement of the transaction is ensured smoothly.Global Card Saving: the efficient feature of global card saving saves the payment details for further use. A person buying anything with your website can save their payment information to easily checkout later.Recurring payments can be handled swiftly for a business.These are the laid out features of an eCommerce payment processing solution that operates as a support system for payment processing.Benefits of Using a Payment Gateway for E-Commerce Business Using a payment gateway benefits a business in different directions. A payment gateway’s benefit makes a payment processing solution profound for any business. Hence, making sure that the benefits that a payment service provider The core benefits of getting one and using it from eMerchant Pro are listed below:Global Reach: by accepting multiple currencies across the world and providing convenience to the customers through various payment methods it allows the globalization of a business.Swift Purchases: Back in 2018, Splitit surveyed and Press Released that most of the consumers tend to abandon the shopping cart if the payment procedure is extensive and inefficient.Reduced Chargebacks: the chargeback ratio seriously depletes while using a payment gateway.Chargeback Monitoring: This is one such feature that reduces the chargebacks and constantly keeps an eye on the payment process.Shopping Cart Integration: an add-on feature of the payment gateway that allows the checkout procedure easier for the consumers. Integration with the shopping cart allows the payment gateway to enhance the transactions smoothly.Complete Assistance: From setting up the payment gateway to explaining all the features that can be great for the business, is provided by eMerchant Pro.Dedicated MID: a Merchant ID number for every merchant allows a unique identification to the merchant on every transaction through the payment gateway.Smart Routing: the benefit of smart routing allows quick payment processing.A parallel channel to process the payment allows a payment gateway to swiftly complete payments without delay.The Setup procedure of a payment gateway varies from PSP to PSP. As a Merchant one needs to contact a Service Provider who will guide through all the steps and credentials to integrate a payment gateway into the eCommerce site. We at eMerchantPro do all the necessary steps to get the approval for a merchant account and integrate the payment gateway to your website.Choosing a payment gateway is the key to every benefit and feature. Thinking about the reliability, security, and flexibility of the payment gateway is important because a rigid structure or a solution can never benefit any business.A payment gateway that is for a forex merchant is different from a payment gateway provided to an eCommerce merchant. Hence, we provide a personalized and customized solution for every merchant out there. We take specialized care of everyone and do the needful.
EMerchant Pro offers awesome high-risk solutions for your business to run appropriately without any hassles.