According to The Payer’s “Payment Methods Report 2019”, it was found that 86 percent of customers use both their credit cards and debit cards to make their online purchases. When it comes to making a purchase, more than 60 percent claimed that this same method was their preferred form of payment. The primary goal behind payment gateways is to make...
Payment gateways play a critical role in the transaction flow between customers and online merchants. Gateways provide payment security, ensuring safe transactions, even in the absence of the one-on-one buyer-seller experience. Because web merchants rely almost entirely on trust, more and more criminals target eCommerce businesses to steal from them and their customers. Many instances of eCommerce payment fraud are...
Square and Shopify can now be seamlessly integrated using the EMB Gateway. Square and Shopify are by far two of the most popular POS systems available on the market today. Square is an all-inclusive and free mPOS app. Founded in 2009, it was the first company to enable businesses to process credit cards with just a free card reader and...
When you are a merchant on Shopify, you want to ensure that your payment gateway provides both security and reliability to deal with your customer’s everyday transactions. Knowing that their confidential financial information is safe in your hands, customers will feel confident making purchases in your online store. Here are the best payment gateways for Shopify. Shopify Payments Shopify comes...
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...
