An Affordable Online Payment Gateway for the Food Industry

The recent trend of going cashless for most transactions has been picking up since before, and a recent survey has shown that more than 70% of customers prefer to pay by card for their restaurant bill payment. More than 80% of the full-service restaurants are paid by debit, credit or prepaid cards.

This shows how the seamless transition from cash to cashless transactions has been moving forward through the last two decades. Businesses dealing with food and restaurants are looking for affordable online payment gateway for seamless transaction with ease and security.

Benefits of going completely cashless for this industry

Although business owners are going cashless, not everyone is completely happy with the decision. Card transactions come with benefits like, simplified accounting processes, reducing risk of pilfering and thefts, increasing profits as people who pay by card generally spend more, easy calculations of tips and many payment terminals at such establishments calculate and give a percentage-based gratuity amount for the customers.

The costly affair for entrepreneurs

Credits card processing is a costly affair for business owners. To understand this one has to understand that payment processors assume the risk of every debit and credit card transaction at the restaurant. What this means is that, in case of any type of fraud, or if the restaurant goes bankrupt, the financial fallout will be borne by the payment processor.

Fee structures and breakups

The fee structure whole not complicated can be extensive, even with an affordable payment gateway. The basic costs and surcharges are mentioned below for a clearer understanding.

Flat fees

These are the typical fees that are fixed and are used to cover the basic cost of each transaction by the payment processing companies. They are:

•    Annual fee
•    Monthly fee
•    Online reporting fee
•    Terminal fee
•    Payment gateway fee
•    Network access fee
•    Statement fee
•    Batch fee

Situational fees

These types of fees are relevant when considering a specific event or an occasion’ the various components of this type of fees are as follows:

•    Cancellation fee
•    Chargeback fee (non-negotiable)
•    International fee (non-negotiable)
•    Liquidated damages fee
•    Monthly minimum fee
•    NSF fee (non-negotiable)
•    Set-up fee

These types of fees are not levied for day to day activities, but in case of a cancellation, or international payments, etc.

Processing fees

These types of charges are generally paid by the payment processing units; the payment processor that is used will levy these charges onto the business owners. Therefore, to get the complete picture, as an entrepreneur in the food industry, you will need to pay a combination of flat fees, situation fees, and processing fees. This is quite expensive for the businesses, as they are paying a high price for every credit card payment.

Entrepreneurs should be mindful of the charges and clarify at the time of setting up. An affordable online payment gateway will work alongside the merchants to get the best deal while also covering all the ancillary costs that are incurred by the processing unit. Technology, while simplifying lives, has also come with a huge price tag for businesses worldwide.

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Here’s How to Pick the Right Online Payment Gateway Dubai Offers - link

All You Need to Know About Secure Payment Processor

As there is an increase in the number of people using the online ecommerce portals for their everyday needs, there is also an increase in the ways cyber criminals are devising strategies to encrypt accounts of online users for fraudulent purposes. If you are online business owner and have an ecommerce website, it is imperative that you have systems and protocols in place to ensure the online safety of your consumers. The first step to do this is to engage the services of a secure payment processor so that your consumers don’t have to worry about their data or their money when dealing in financial transactions with your ecommerce website.

How do merchants provide secure online payments?

As an online merchant and the owner of an ecommerce website, it is your responsibility to ensure the online safety of your customers. Your customers’ personal and confidential data can be misused at various points and hence, it is important that you scrutinize all vulnerable points of payment processing to guard the interests of your customers. The first thing that you can do to ensure this is to deal with a secure payment processor. The next thing is to ensure that your website is secure. A good way to make sure of this is to use SSL protocol to encrypt information on your site. With SSL certificates, your website is recognized as a protected and safe site to deal with.

PCI compliance is the next essential thing to ensure sensitive data during payments and other transactions is protected. Tokenization is another important aspect to ensure payment security through payment gateways. Tokenization allows for customer authentication during payment process with impacting the security of the transaction. There is also the address verification service that requires customers to provide their billing address associated with the credit or debit card they are using for added security.

How can merchants prevent fraud?

When creating your online ecommerce website for retail business, it is important to conduct a risk analysis to identify all possible vulnerabilities. Compliance with all payment, security and risk standards of the countries you operate in is a non-negotiable step to make sure that your business is secure and safe. One of the biggest concerns in today’s online business world is that of payment fraud. It is quite strife and hence, online merchants need to make a concerted effort to prevent it.

While it may be impossible to completely prevent fraud, there are warning signs that online businesses should watch out for. Monitoring your orders before shipping them with specific attention to international shipping orders is one of the most important things to keep in mind as this is one of the most common aspects that can involve fraudulent transactions. As identifying fraudulent transactions needs comprehensive knowledge, using anti-fraud applications and right fraud protection service from professional providers is recommended.

Apart from the above aspects, monitoring the payments from customers to predict any possibility of risk is also recommended. With a secure payment processor, most security related aspects are covered but it always helps to be extra cautious.

Things to Keep in Mind While Selecting the Best Global Payment Processing Services

If you are dealing with eCommerce businesses, then having the ability to sell products to shoppers across the globe is always an added advantage. According to PWC’s Total Retail 2016 report, you can have up to 65 per cent customers from all corners of the world if your products match their expectations. The reports also suggest that the figure is steadily rising, so investing in a global payment processing platform is the need of the time. Before going into the details of the working of these processors, let us understand in layman’s language how they can help you in bringing traction to business.

What is Global Payment Processing?

Global payment processing helps you to accept payments and undertake financial transactions from international clients. Through this platform, consumers can have the option of making payments for their purchases in their local currency. In this way, your business can expect a higher turnover rate, as customers feel more comfortable in making payments at their national currency. It also boosts their confidence while purchasing the products since they can compare the price of the commodity with other similar products available on competitive platforms.

How Does Global Payment Processing Function?

As already pointed out, global payment processing helps in international financial transactions. When a foreign customer visits your site and decides to purchase a product, at first, he submits the order. The payment gateway, at this juncture, captures the customer’s transaction request along with his credit card details and redirects it to the payment processor. The processor then checks security features and validity of the card and send it to cardholder’s bank for approval. The bank again runs fraud checks against the transaction, and if it finds it legitimate, approves the deal. After this, the payment is made, and the processor notifies the processes to the customer via the payment gateway.

Things to Consider before Selecting the Best Global Payment Processing Platform

Here are some of the points worth considering before selecting the best global payment processor.

Services Offered by Processors

The first thing to consider before employing a global payment processor is going through in detail the services offered by them. Some of the essential features include multiple currency payment schemes, notifying customers and trader in the event of any fraudulent activity, and check the validity of cards.

Countries Included in the Service

It is a fact that the UAE is an economically strong country, and consumers from various countries browse through the online stores that are based in the UAE. To convert these visitors to probable customers, you need to have a capable PayTabs payment gateway and global processor supporting financial transaction of foreigners from multiple countries. Before finalising the processor, run a check whether countries, where you are expecting maximum clients, are included in their list.

Technical Integration

The technical integration should be simple, and customers and traders need not have to use programming skills for using the service. The seamless payment process and easy checkout offers an excellent experience to clients and improves turnover.

These were, in brief, some of the features you should keep in mind before employing a global payment processing service. Many online traders have experienced exponential growth in sales after resorting to these processors. There are many service providers available in the UAE, go through their portfolios in detail and select the best platform.

Essential Characteristics of the best Payment Gateway UAE

Payment gateways are the future of transactions in the world. They make a transaction easy and safe for both customers and merchants. Payment gateways have taken over the world in just a few years, and the UAE is no different. To find the best payment gateway UAE has to offer, you first need to know the characteristics that are essential for the best payments gateway. This will help you choose wisely.

Here are few of those essential characteristics:

Smooth Interface
When people procure any app or its services, they expect the app to work smoothly. A great payment gateway needs to run smoothly for a variety of clients with a variety of business requirements. It also needs to be accessible by a variety of people with different technological backgrounds. Before making a decision on using the services of a payment gateway, you need to figure out the unique requirements of your business and then try and see which one suits you best.

Secure
Hackers and cyber attacks are a real problem that has been increasingly targeting the online payment gateway sector. Online payment gateways have become popular and therefore sensitive. All online payment gateways have a huge cache of your banking, client banking and personal information. Make sure that the payment gateway you choose has an updated anti-virus program and also ensure that you continually keep it updated. It needs to have a high level of encryption according to current standards. Only then will your transactions truly be safe and secure.

Speed
In the online world, speed is of utmost importance. If a payment gateway is not fast enough, potential customers might simply abandon the cart and you will lose out on revenues. Since most payment gateway users generally have international invoices as well, fast as well as smooth and seamless transactions are mandatory. You need to look for an online payment gateway that possesses an effective processor for speed.

Compatibility
The best payment gateway UAE has to offer should be able to easily and seamlessly integrate with other systems for optimal benefits to the user. You can then integrate it with your website and other statistical and banking apps for prime usage.

Payment gateways used to be the future 10-15 years ago. Right now, we’re living in that future! There are countless payment gateway options that cater to various kinds of businesses today, and hence making a choice might seem daunting. However, the above mentioned characteristics should be able to guide you to make the best and most relevant choice possible.

The best payment gateway UAE companies want are user-friendly, safe from online attacks, fast on all levels, easy to integrate, and compatible with other programs and online systems. So, compare their features, benefits and costs before you zero in on one. The payment gateway provider should also have an expert customer support team that can resolve all your issues as and when they arise.

Ecommerce Payment Gateway in Dubai for Real-Time Payments

Dubai is witnessing a boom in ecommerce, a trend that is prevalent across the globe. Online retail is flourishing as mobile internet technology has improved tremendously. It allows people to shop or find products and services on the go. The demand for ecommerce stores has created the need for a dedicated ecommerce payment gateway (link). Dubai, like the rest of the world is realising it.

Most online retailers are looking for real-time payment gateways that allow them to receive payments from their customers at the drop of a hat. The good news is that real-time payment gateways are available, but online stores have to make sure that they choose the right one.

Real-time Payment Systems

Real-time payment systems have been around for some time. They allow merchants, consumers and financial institutions to transfer money, settle bills and pay consumers and others without a hitch. However, the concept of paying now used to be restricted to cash payments, with money exchanging hands in real-time before a buyer could get access to the product or service they needed. Internet has revolutionised the pay now concept and is bringing about a change in traditional payment methods. This change is being driven by consumers, who want to get the items they shop for, quickly.

Cash is Passé

Money was invented in the 7th century BC and has been used ever since as a way to pay in real-time for purchases. Even after credit cards and cheques became the norm, cash payments have not ceased. However, cash brings its own challenges, like storage and transportation. And, in case of online retailers, who offer the convenience of cash on delivery, these transactions can result in increased overheads and also affect their cash flow.

With growing use of smart devices and thriving online retail, it has become necessary for consumers and online retailers to adopt real-time payments. This is where you need a reliable and efficient ecommerce payment gateway. Dubai has many online retailers who are warming up to the idea.

Paving the Way for Seamless Real-Time Transactions

Ecommerce payment gateways have disrupted online retail. Previously, due to the cost of integrating these gateways, just the big retailers could afford them. Now, small and medium retailers can also use an ecommerce payment gateway. Dubai is seeing such a trend increasingly, and hence online businesses are growing rapidly. Such a gateway allows small and medium online retailers in Dubai to widen their customer base as they can accept payments through debit and credit cards and online banking. The best part is that the gateway allows purchases to take place in real-time so the retailers get the money immediately in their bank accounts.

These payment gateways have contributed to the boom that the online retail industry in Dubai and the rest of the world is witnessing. If you are contemplating taking your retail store online, you should look for the best ecommerce payment gateway. Dubai is a happening place for online stores and brands, and with the right gateway, you can accept payments not just in Dirhams, but also in other currencies. This way, you will be able to cater to the needs of the expatriate community that lives in the UAE and also spread the reach of your business to other GCC countries.

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Things to be Wary of before Securing an eCommerce Payment Gateway

How To Test Your Secure Payment Getaway Service Efficiently

A secure payment gateway service is a blessing when you have an online business. This is because you obtain a wide variety of online payment services depending upon your requirements as well as get the opportunity to operate your business in a safe and foolproof manner. However, while a payment getaway service can prove to be a quick and easy way to make and accept payments online, it needs to function appropriately. To make sure that the process of buying and selling runs in a smooth manner, it is imperative for the payment getaways to be secure. To ensure it is safe and well protected, you need to test it effectively. Here is how you can do so.

Testing should be done in an end to end manner

There are a few but nagging bugs pertaining to data flow and data capture from application to the payment getaway. This is why it is important to make certain that the transaction is tested in an end-to-end manner. It will help minimize the presence of these flaws.

The presence of issue resolving options

Sometimes, glitches are bound to occur even in a secure payment gateway service. As a result, there are going to be times when the payment fails during a transaction. During these times, you need to make sure that customers are informed about the inconvenience through an appropriate message. Strictly technical messages such as ‘404 error’ or ‘server is down’ can seem to be mechanical. Rather than this, go for ‘there seems to be a problem in the transaction processing. Please contact our customer care number’. This gives a better customer service experience.

The existence of a free isolated environment

It is important to look for a free, isolated environment which can be utilized for the secure payment getaway service (Link). Although this environment needs to be tested efficiently before it is implemented, it ensures you obtain an added layer of flexibility to customize the tools in your payment getaway service.

Post production verification is also important

To conduct post production verification, the business owner has to come up with a live payment processor account and set up a merchant ID. Following this set up, regress testing needs to be conducted on the payment processor before the application and payment processor integration goes live for the public.

It is very important to test the module of payment processor for an e-commerce application, particularly when it is required to accept payments from all kinds of users. Not paying attention to every step of the payment getaway process can tamper with the overall experience of the end user.

In order to make sure you offer customers a secure payment gateway service, you need rigorous testing at regular intervals. To do this, coming up with a test environment and then formulating a testing strategy for the live/post production release environment is essential. All in all, testing your PayTabs payment getaway service ensures that the complete payment cycle is working just right. This includes getting transactions from the online store as well as recording and authenticating refund.

Ways Online Payment Gateway Solution Can Boost Your Customer Satisfaction

With traditional modes of payment being substituted by the online kind, it is only natural that customers have taken a liking towards this mode of payment over all the others. After all, it is a convenient and hassle-free way to conduct seamless transactions.

So it’s no surprise why businesses have turned towards the best online payment gateway solution to simplify their payment processes. For the uninitiated, here is how an PayTabs online payment gateway can work to boost customer satisfaction a great deal.

It is a convenient way to conduct transactions

Customers today place high importance on convenience. The better able they are to carry out payments from the comfort of their home; the more likely they are to use the services you offer them. Providing them with options such as recurring payment and auto renewal ensures that one item is checked off their to-do list.

This also proves to be advantageous for businesses as it works to speed up the payment process, prevent debt and minimize delinquency rates. To reap these benefits, however, it is important that billers accept a variety of payments options. This includes debit card, credit card, cash, check and bank account.

You can communicate with customers freely

Businesses can do away with confusion and other customer service issues through communication with customers. A good business is aware of the fact that being open with customers does not only last till they invest in the product or service you are offering; it also extends to informing customers about any kind of notable account activity.

These are minor factors which inevitably have a favorable impact on the customer’s attitude towards a business. This inevitably leads to stronger customer relationships, enhanced customer retention rates and overall business growth.

It reduces the occurrence of risks and uncertainties

When it comes to transactions, security is a primary concern that dominates all other elements. This is especially true in online transactions. After all, there is always the lingering threat of fraud or scams. Having an online payment gateway solution - (link) which encrypts sensitive information, for instance credit card numbers, with the help of advanced verification and encryption technologies, works to boost your credibility and also works to enhance trust levels among customers.

To retain customers with an online payment solution, you need to keep certain rules in mind. This includes following a simple registration process, creating an option to repeat orders, sending customized emails, waving goodbye to long call center queues as well as creating a referral program.

All said and done, customers need to have a choice to make payments through the channel that works best to suit their various needs. Having more options ensures a better level of flexibility which in turn leads to higher customer satisfaction. These are only some of the ways in which an PayTabs online payment gateway solution works productively for your business and boosts customer satisfaction. If executed appropriately, these simple improvements can play an impactful role in customer retention and lead to a favorable customer experience. 

Receiving SADAD Payment is Super Easy for Online Merchants!

Online merchants in the Kingdom of Saudi Arabia can now bank on the electronic payment service provider, SADAD, to receive payments easily and safely. SADAD is an advanced and convenient payment platform which makes online transactions simple, safe and quick. And merchants in KSA who have already adopted PayTabs can easily integrate SADAD into their system, and start receiving funds in their bank account. SADAD is also great for online shoppers, as they can buy products without using their debit or credit card, as long as they have a SADAD account. So, it’s a win-win situation. Know more about how receiving SADAD payment online is easy now.

Benefits for merchants who use SADAD

Using the SADAD KSA payment gateway can help you in multiple ways:

•  Your account will receive funds from a sale within 1 business day.

•  You can reach out to more consumers and especially millennial shoppers by using SADAD, as it offers greater payment flexibility to shoppers. 

•  As a merchant, you will be able to view or download the entire list of transactions and make queries if you have any doubts.

•  You will receive notifications about your SADAD account whenever there is a transaction or some update is required.

Business requirements for SADAD account

If you are an online merchant looking for easy SADAD payment, here are a few things you should have:

•  You must have a bank account with an authorized bank in Saudi Arabia.

•  A valid commercial registration document which is authenticated by the KSA MCI (Ministry of Commerce & Investment) is essential. 

•  You must provide a national ID of all the owners or partners.

•  A bank statement showing the transactions made in the past quarter has to be provided. Or, you should have a bank certificate that shows you hold an account.

System requirements for SADAD account

To integrate SADAD KSA payment gateway effectively and smoothly into your system, you need the following:

•  A website that is public domain hosted is mandatory for any online merchant who wishes to use SADAD.

•  Your website should be compliant with secured architecture system and must follow the security policies of the authorized banks and SADAD.

How to get started with SADAD? 

You have to first sign up for a PayTabs account and then apply for a SADAD account, by providing the required information. Or, you can apply for SADAD by approaching your authorized bank in KSA, at the same time when you open a PayTabs account. If there are any disputes between the online merchant and consumers, PayTabs will act as the mediator.

Once your SADAD account is integrated into your website and activated, you can start receiving payments digitally, in a safe and glitch-free manner. When your customer places an order on your e-store, the relevant amount will be automatically deducted from his or her bank account via SADAD and deposited in your account. Hence, receiving SADAD payment online just became easier than ever!

Tips To Choose The Best Kuwait Payment Gateway

Just like the rest of the world, Kuwait is witnessing a rapid growth in its ecommerce landscape these days. More and more businesses here are going online and trying to reach countless potential customers from different countries. Naturally, online payment gateways are acting as the backbone of this global trading scenario, and merchants in Kuwait are looking for the best gateway that can make accepting payments smooth and hassle-free. Plus, they also need a gateway that can provide a great shopping experience to all customers, so that they keep coming back for more. So, here are some tips which can help you pick the right Kuwait payment gateway for your ecommerce store now:

• Easy, quick and safe payments – It is always wise to go with a gateway that ensures you receive your payments at the earliest and without any hassle. Reputed payment gateways can ensure that funds get deposited in your account within 24 hours! Also, your chosen gateway should be safe and protected against various online frauds. So, check if it comes with 3D authentication and PCI-DSS certification that will protect customer data.

• Great customer support – The ideal payment gateway should always have a support team that will help you with any query or sort out technical issues quickly. You should also be able to discuss your needs with the sales team before you say yes to the gateway. Moreover, a reliable payment gateway provider will give you the opportunity to explore a demo account and learn how to use the gateway before you make a purchase.

• Multiple payment options and currencies – The PayTabs best Kuwait payment gateways will always accept a whole host of currencies, so that no matter from where you receive the payment, you will get it on time. Shoppers in any part of the world will also find it easy to pay with their local currency to buy your products. Multiple payment options are another advantage good gateways offer. This means, a shopper can use debit or credit card, mobile wallet or net banking to make the payment.

• Simple integration and checkout – You should always choose a gateway that can be integrated with your website or mobile app quickly and easily. Make sure they offer an easy checkout process or an express checkout, so that there is no redirection when the customer is completing the transaction. This way, the incidence of abandoned carts can be minimized.

• A smart dashboard – Ideally, a payment gateway should offer you a dashboard from where you can monitor all transactions, check online invoices and recurring payments, and study performance analytics reports of your business. This way, you will always know how your sales and revenue volumes are changing on a daily, weekly or monthly basis. You can also change your online marketing strategies based on such reports.

  

All in all, picking the right Kuwait payment gateway is easy if you keep the above points in mind. Also, do remember to compare prices quoted by different gateways and make sure there are no hidden charges before you decide to adopt one of them.Click here

Features Of An Efficient International Payment Gateway

Making and accepting payments online is very common these days, thanks to online payment gateways that are crafted to ensure safe, quick and hassle-free transactions. And the good news is that both physical stores and ecommerce stores can make the most of them to expand their businesses and attract more traffic. An international payment gateway is especially useful when you wish to reach out to millions of customers worldwide and receive payments in a timely manner. Such a gateway usually has numerous features, which makes it easy to adopt the gateway and get started as soon as possible. Here is a close look at them:

Accept payments anywhere, anytime 

A reputed international payment gateway will allow you to accept payments from anywhere in the world, and at any time. You might get the funds in your bank account within 24 hours! Moreover, you can receive online payments even if you don’t have an e-store or website. A good payment gateway will create online invoices for you as well, and take care of recurrent and adaptive payments with ease.

Safety is assured 

With a reliable international payment gateway, you won’t have to worry about frauds. It will feature PCI-DSS certification, 3D secure authentication and even dual layer fraud protection to prevent instances of identity theft, phishing and so on. All customer data and transaction details will be protected effectively.

Choices in currencies and payment modes

One of the best features of an international gateway is that it accepts a wide range of currencies, sometimes, more than 150 and so. This way, no matter from which country your shopper is, he or she will find it easy to pay in the local currency. And naturally, it will boost your popularity and sales. A reputed gateway will offer multiple payment modes too, such as debit and credit card, internet banking, mobile wallet and more. This will make the shopping experience more convenient for your customer.

Easy integration and checkout

A good PayTAbs international payment gateway is always easy to integrate with your website or mobile app. It will offer various Application Program Interface or APIs and special software development kits for both iOS and Android phones. You will also be able to avail an express checkout process where there will be no redirection to a different website when the transaction is being completed. Hence, shoppers will trust you more and have a smooth payment experience.

Transparent charges 

Any well-known payment gateway will have a transparent pricing system and different plans for which you can choose. Some might charge you one-time and others might charge you for every transaction. But you can rest assured that a good gateway will not have any hidden charges and the rates will be competitive.

So, it’s time to make the most of an international payment gateway that promises all the above features, to make your business a global success. Whether you sell fashion apparel, jewelry, appliances, grocery or pet food, such gateways can help you monitor your business’s performance and manage it all with ease. Click here

Safety Tips To Remember While Adopting An Online Payment Gateway

Online shopping is extremely common these days, as it helps customers to save time, energy, and choose from a huge collection that a physical store might not offer. And to make the most of this trend, many businesses are going online these days and setting up e-stores or websites. However, without the promise of absolute security, no one will want to buy products or services from you. After all, the rise in online transactions has also opened up many opportunities for fraudsters and scammers who try and steal sensitive data and destroy the profits as well as repute of ecommerce stores. So, here are a few things you should keep in mind apart from adopting a reliable online payment gateway with PCI-DSS certification.

Why do you need PCI-DSS compliance? 

PCI-DSS essentially refers to compliance regulations that have been made mandatory by the Payment Card Industry Security Standards Council. Since as an online merchant, you will be accepting, storing and processing credit card data, you will have to follow these regulations to ensure the safety of customer payment information. If you are PCI-DSS compliant, you can go through the annual onsite data security assessment, like the use of SSL authentication. So, the best thing to do is to adopt an PayTabs online payment gateway that is PCI-DSS certified and takes care of all this for you.

Try and avoid human errors

Human errors are often the reason why security breaches happen in many cases. So, it is important for you to know about some basic safety measures and also train your employees accordingly. Otherwise, not even the best security systems can protect your customers’ data. So, inform your employees about how and why they should double-check every transaction. Make sure no one clicks on unsolicited emails or attachments. Sharing private information with unauthorized persons or leaving work-related devices like laptops or USB drives unattended should be avoided. 

Never store CVV data

Most credit card frauds happen when the CVV data is compromised. So, avoid saving that data at all costs. If you do need to store the customer’s name or account number, make sure you use a cloud-based storage, or a private network, or encrypt the data. While sending email receipts to customers, make sure only the last 5 digits of the credit card number is displayed and nothing else.

Verify transactions carefully 

Address verification match is a great way to get started. This basically involves comparing parts of the billing address with the address registered with the issuing bank. Also, your customers should always have to enter the CVV number on the back of their cards to complete a transaction. If someone places a very big order, try and call him to verify first. Do watch out for unusual email addresses, and be on your guard if the shipping address indicates an area which is known for frauds already.

Adopting a well-known online payment gateway can take care of a lot of the safety tips mentioned above. Besides, you should set up the latest firewalls, install intrusion detection systems, and update your antivirus software periodically. These measures can block malicious traffic effectively.Click here

How To Choose The Best Payment Gateway Services Provider For A High-Risk Business Website

Running a high-risk business website can be challenging, especially when it comes to payments. If you are a business owner running a website in this industry, you need a high-risk merchant account or payment gateway.

For any business owner, no matter which industry, accepting payments from customers for different services and subscriptions is of top-most importance. To accept payments on the site, one needs to choose the best payment gateway services provider, which can make payment process easier for you and improve conversion rate as well.

Choosing a payment gateway can be time-consuming, but it's worth it. When you want to accept payments on your website using a payment gateway, you need to consider a lot of things.

Factors that will help you choose the best payment gateway services provider for your website.

Understanding your target audience

Firstly, you need to do a research to understand what payment service is most popular in the country where your target audience resides. You need to find out their preferences and their preferred mode of payment. You need to check if the payment provider you choose offers payments in multiple currencies or not.

Check for hidden fees

It is important to understand the fee structure of the gateway provider before signing up the contract. Setup fees, monthly fees and transaction fees are the most important charges associated with a payment gateway but at times, they even charge some hidden fees which can degrade your profit levels. The payment gateway with the lowest costs may not always be the best choice. It is advisable to read the terms and conditions carefully to avoid surprises in the future. Also, do check the fees related to cancellations and withdrawals. Compare the prices of different payment gateways and then choose the one that gives you value for money.

Ensure security and fraud protection

While selecting a payment gateway provider, security of payment data is of foremost importance. Find a gateway provider that provides robust security features and takes all possible measures to prevent fraud. Payment Gateway provider should be level 1 compliant with the Payment Card Industry Data Security Standard (PCI DSS), which ensures that they have attained the utmost level of data security. In addition, they should include data encryption, like CVV2 verification.

Timely customer support

The gateway you choose should have a customer support team that is available 24/7. In short, ensure that their turnaround time is as minimum as possible.

Conclusion

When you are running a high-risk business website, you need a payment gateway service provider which can provide you with highly customizable features at most affordable rates. What works for one website may not work for the other. So, be sure to go over all the options and then choose the best payment gateway services provider ( PayTabs ) that has the experience of working with high risk businesses and which can maximize revenues as well.

Top 4 Mistakes to Avoid Before Choosing a Secure Payment Processor

Ready to start an online store and want to invest in a good secure payment processor? If yes, then first of all, best of luck to you as you take your first step towards an Internet-based shopping world.

One important thing you will need to look at is the ways through which you want your customers to pay money. In short, you need a payment gateway which can process all the payments and deliver money straight to your bank account.

Hence, choosing the right PayTabs payment gateway for your business must be your sole priority. Still, as humans, we tend to make mistakes and we will go through the top 4 mistakes you must avoid before choosing a secure payment processor.

1. Not looking at the Hidden Costs

 
Not every payment gateway provides transparency which is the thing you must look at whenever you find a payment processor which is giving massive discounts, you must research whether they are imposing hidden costs or not. Here, the lowest rate you will ever pay is the “qualified” rate which is applicable to some specific cards. The highest rate is termed as “non-qualified” and is applicable to online transactions. Also, many credit card processors apply special fees which they will not highlight in any case.

2. Not going for a processing having fast funds access

 
In today’s world, the payment gateway’s need some really valid reason to freeze off your money. Even in the case of a fraud, a series of investigation takes place before money is transferred back to the account. With an intention to avail faster money, you must look at the processor which has got the latest technologies. Having such things, fund transfer can be super fast and fraud case will be of a minimal extent.

3. Not availing Fraud Detection

 
Without any doubt, we live in a cybercrime world where millions of accounts are being hacked every single day. Whenever, a consumer visits site for buying a product, they can pay either from a hacked credit card account. However, most merchants refund back the stolen money and re-ship the money in the stipulated time frame. In this case, you must look for a payment processor which can reduce the burden of fraud activities and facilitate secure payment, every single time.

4. Not Delivering Different Payment Options

 
Still, in the present date, customers are afraid to use their credit cards for online payments. In another case, they can disappear even after purchasing the item because they didn’t get their wishful payment option. By giving multiple payment options, you can raise the sales of your sales and even attract a large base of customers. In addition, you can even offer an extended payment plan to your customers.

Conclusion

 
Summing up the article, every secure payment processor (link) has got different set of features. You will need to compare each payment option and see which one will suit your business. Avoid the above mistakes, research well and you will surely end up with the right one, over time being.

Payment Gateway Integration Method API and Top Reasons to Integrate It

With the evolving needs of the consumers, it is becoming more and more difficult for merchants to keep up with their needs. One effective solution for merchants to upgrade their technology without disrupting the workflow is to consider integrating a payment API.

Having the right payment gateway partner is the need of every business, and with a good number of payment gateway integration methods, it can be a bit challenging to choose the best one for online transactions. Choosing a payment gateway integration method is not always easy but payment API can help you streamline the payment process. Why are APIs so important for payment solutions? Today, we will explain why APIs are vital and how it facilitates excellent payment solutions.

Payment API is a simple but a very powerful tool for merchants who want to manage the shopping experience from the start till the end. Let us have a look at the top reasons why should consider integrating a payment API.

Security
The most important consideration when integrating a payment gateway is security. With the amount of security breach and fraudulent activities, it is important to partner with the best payment gateway provider which employs the latest and the best security and compliance features. A reputable payment gateway with API integration is PCI compliant, which ensures top most security when it comes to accepting payments from your customers. The right payment gateway API partner will use the best security methods like point-to-point encryption (P2PE), or tokenization, to secure the sensitive information and transaction details of customers.

Integration
The payment gateway integration method that you choose should be speedy and should streamline the payment process for you. Payment API apart from being speedy is also user-friendly and flexible. With payment API, you can accept payments online quickly, easily and smoothly. In other words, it adds to the convenience of both the merchants and customers.

Features
With payment API, you can tailor your payment options as per your customer’s needs. You can even add features like customer autopay, easier refunds and quicker payment options with easy-to-integrate buttons. Payment API uses some sophisticated tools that help your customers complete their payment faster and easier than traditional payment systems.

Revenue
Payment API not only makes the payment process smoother but it also boosts revenue. If the payment integration is smooth, it will directly impact the revenue flow of the businesses. Payment API not only allows customers to pay and interact with you but it even creates more routes to attract customers and boost revenue.

Final words
To comply with customer’s needs, a payment gateway that you choose should account for flexibility, speed and cost. Make sure that the payment gateway that you choose offers you all the functionality that you and your business needs now and in the future as well. The good news is that all of these things can be achieved by adopting payment API. Overall, API payment gateway integration gives an enormous set of benefits like delivering efficiency, rich functionality, flexibility, speed, scalability and most importantly security.