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.