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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