Payment gateways are a merchant service that processes credit card purchases for online businesses as well as brick and mortar retail shops. Some of the most popular and well known payment gateways include PayPal, Square and Stripe. Another way of describing a payment gateway is that it’s very much like a cash register that processes electronic transactions. Like physical cash...
E-commerce is thriving and growing with rapid advances. Online sales in the US are expected to account for $523 Billion by 2020, which is up 56% from $335 billion in 2015. Secure Payment Processing for Your Online Business As online sales are growing, fraud is increasing throughout e-commerce as a whole. According to Business Insider, fraud cost US retailers $32...
The rise of APIs and the race for consumer loyalty have made payments players think of innovative solutions like never before. This has resulted in a new openness to outside developers. Both in the US and abroad, many organizations are opening up developer portals or joining open banking working groups, either by choice or by regulation. Open Access Is Spreading...
Last year, the research showed there was a rapid decline in cash payments. 55% of the nation’s 27 million small businesses didn’t accept credit cards, and because of this they potentially missed out on $100 billion in annual sales. Even though cash continues to be the most commonly accepted payment type for small business owners, accepting credit cards counts for...
Thanks to online Internet payment gateway, payment processing can be completed through any device with Internet connection. It allows merchants to accept credit cards and signature debit cards through any Internet connection, without the need for a terminal. Also, it gives you an opportunity to process credit card orders from your website in real time. As a result, your customers...
With e-commerce becoming more globalized, merchants are looking for opportunities to benefit from the process and partner with a payment gateway. Value-added Services for Global Payment Gateways Value-added services are important for global payment gateways. When it comes to merchants who extend their reach to other countries, they get support from payment service providers. Merchants are offered front-end processing and...
A payment gateway is crucial for your business as it enables you to process sales made via credit and debit cards. Not all payment gateway providers offer the same. You should take the time to find a reputable provider so to get the best for your business. Where to Find the Right Payment Gateway? Look for a payment processor that...
If for whatever reason you’re dissatisfied with your current payment processor, it is time to jump ship. It makes no sense sticking to a firm with high rates, service problems, poor customer support or any other issues that impede your peace of mind. Unless it’s done in the best way possible, moving from one merchant services company to another can...
If you’re the owner of a brick-and-mortar business, you have probably adopted credit cards as one of the primary methods for your customers to make payments. For that purpose, your merchant account provider has likely installed a point-of-sale terminal on your counter. Despite having the same payment processing needs, online traders don’t have the luxury of physical premises. So, rather...
The globalization of eCommerce has given business owners a wide range of new opportunities. Merchants trying to take advantage of these opportunities consider partnering with a payment gateway a logical approach. Merchants Vs eCommerce Globalization Merchants looking for ways to benefit from the global expansion of eCommerrce should not hesitate to take action. The high competition in the field requires...
