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.

PayTabs-Best Payment Gateway in UAE for all Your Payment Needs

Whether you are a newbie in the online business industry or willing to expand your existing business, needing a payment gateway is the basic norm. After all, it is one of the best ways to effortlessly receive payments from your customers in a secure and hassle-free environment. If you are operating your business in UAE and looking for a reputed payment gateway, Paytabs can be one of the finest options. It is one of the most secure payment gateways in UAE which comes with some amazing features.

So, let’s move ahead and discover more about PayTabs and its useful features.

A Take on PayTabs- Best Payment Gateway in UAE

It is leading global payment processing company of Saudi Arabia. This Bahrain based service provider offers a simple and secure platform for people to transact around the world without any stress.

Features of PayTabs

 
• Quick Integration
Unlike other platforms, integrating Paytabs with your business is merely a matter of minutes. Almost anyone who doesn’t have technical knowledge can integrate it in their very own business.

• Acceptance of 168 Currencies
This is probably one of the biggest advancement from a payment gateway like PayTabs. It accepts a whopping 168 currencies which is definitely an amazing thing. With this, you can grow your customer base, accept other currency payments and boost up your revenue in no time.

• Quick Fund Depositing
PayTabs consume very less time to take funds from the customer’s account and credit it to the vendor’s account. With quick integration into merchant websites, PayTabs makes payment transfer blazing fast and secure.

• Smart Dashboard Support
With PayTabs, you can track your payments whereas a complete level of transparency is maintained. In addition, you can even keep a count of your payments, sort date/month wise and see your actual revenue within a matter of seconds.

• Fraud Protection Available
At present millions of accounts are being hacked and all that a payment needs is good fraud protection mechanism. Using PayTabs, you get anti-fraud detection straight out of the box as the company focuses on detecting fraud activities and eliminates them.

• Customer Support
PayTabs provides a good 24x7 customer support all their potential clients. They have a team of professionals who are skilled enough to solve every minute issue with perfection.

• Express Checkout available
For simple and stress-free checkouts, PayTabs delivers pop-up payment window. This keeps the customer in contact with your website keeping the checkout process as simple as possible.


Wrapping Things Up
Well, after spanning through the list of features, PayTabs is providing, you already know why it is the best payment gateway in UAE. So, if you are ever willing to start your own e-commerce business, keep a note of the features of PayTabs and keep it as one of your favourite options and expand your business in UAE.

Top 6 Tips on Choosing a Payment Gateway for Your Online Store

As a business owner, if you are selling your products without using an e-commerce website, then you payment gateway for website is the best way to accept debit and credit card payments from your domestic and international audience.

In this article, we will share some top tips to help you choose the right payment gateway for your online business.

Fee structure
It is important to partner with a payment gateway provider that offers a flexible fees structure. Some service providers charge a fee per transaction while some charge a flat monthly fee for a fixed number of transactions every month. Before committing, ensure that you are aware of the fees structure. Select a payment gateway for website that meets your present needs and also which can help you in the future.

Reputation
There are plenty of payment gateway providers in the market. Choose a reliable and proven payment gateway provider with features that can help you and your business succeed. Also, choose a one which can offer a great shopping experience to customers visiting your online store.

Security
Security of your customer’s sensitive data should be the top-most priority of an e-commerce merchant. Make sure you partner with a service provider that is compliant with Payment Card Industry Data Security Standard (PCI DSS).  Also, check if they have fraud protection tools and other advanced solutions to minimize fraudulent transactions.

Integration
For an online business to run, you need to integrate the payment processing with your e-commerce website. During the process of selecting a payment gateway, it is important to check if the payment gateway is supported by your website or not. Also, to make the payment process hassle-free and quick for your customers, ensure that the integration is simple.

Customer support
Before committing to a service provider, do not forget to look at the type of support that is being offered to the customers in case if any issue arises. Does the payment gateway provider offer telephone support or only email support? Are they available 24/7? Ask these questions beforehand to check on the type of customer support that is being offered.

Mobile optimization
Another important factor to consider while opting for a payment gateway is that if the payment gateway supports the payment method of your target audience. To run your business successfully, you need to have a payment gateway that supports the method of payment of your customers and offer them the convenience of shopping online. In today’s busy world, there are customers who prefer using mobile phones to shop, so it is important to check if the payment gateway gives the flexibility to customers to pay regardless of whatever device they use.

Conclusion
Payments are the lifeline of an online business, so it is important to choose the right payment gateway. Using the above-mentioned tips, choose an online payment gateway that will help your business to grow manifolds are missing out on something very big. Finding the right

Sell Global with International Payment Gateway Services

Planning to go International?

To sell your awesome products to international customers, you need an international payment gateway.
An international payment gateway allows online merchants to receive payments from customers across borders.

Let us discuss what is involved in online payments across borders and what to look for in when choosing international payment gateway services.

Payment Method
Payment methods preferred by customers vary by country to country, so it is important to learn the preferred payment methods of international customers and the market that you are targeting. Some prefer to pay online via credit cards while some do not. The best way to address this is by offering your customers multiple payment options.

Local currencies
By selling online internationally, you can expand your customer base, but at the same time, you should make your customers feel at home. Checkout is the place where most of the shoppers abandon their cart. One of the main reasons for this being a lack of trust and convenience. For this, you need to list your prices in their local currencies. One other way to offer comfort and convenience to your customers is by allowing them to pay in their local currency using their preferred payment method. Whenever you are choosing an international payment gateway service, find out if they give the option to you to accept payment in foreign currency. The main benefit of this is to a customer is better user experience and hassle-free checkout as they are paying in a currency that is familiar to them.  For you, this means higher sales!

Taxes and Duties

Apart from determining the preferred payment methods, you need to have a good understanding of the taxes, duties and customs of the country of your target audience. Each country charges foreign tax such as VAT on the goods sold. So, before selling internationally, you need to check the VAT rules and find out the steps that you need to follow.

Payment Options

Apart from accepting payments through credit and debit cards, wire transfer is another option to receive payments from your international customers. Another option is money orders, but for this, you need to accept only from customers with whom you have a history otherwise they can trick you.

Fraud and Risk management

When selling internationally, you should be prepared to handle risk and fraudulent transactions. To minimize risk, you need to beware of high-risk countries which are known for fraudulent transactions, suspicious email addresses and physical addresses. Anytime, if you are in doubt, it is always good to check with the customer and verify the transaction.

Conclusion

The success of your online store depends majorly on how well you sell your products to your customers.  To sell products, you need the win the trust of your customers. For instance, by displaying your products in local currencies and allowing them to pay using their preferred mode of payment will prevent uncertainty during the checkout and minimize confusion. Using the above tips, now you can sell internationally through your e-commerce store and boost your sales.

Top Questions to Ask Yourself While Selecting a Payment Gateway Service

A payment gateway service is undoubtedly becoming the need of every online business owner. With an overwhelming number of payment gateway service providers in the market, choosing a one that meets your business needs can be very daunting. In today’s article, we will list out the top questions to ask yourself before you partne

r with payment gateway service provider for your e-commerce website.

Question1: What are my business requirements?

This is one of the main questions to ask before you sign up with a payment gateway. It is very important to identify your business needs of having a specific payment gateway for your customers. You need to check what would be the impact of the payment gateway on your audience. The best payment gateway service supports multiple currencies and is available in the countries where your target audience is living.

Question 2: What would be the cost involved in opting for a payment gateway?

The next question to ask yourself is what would be the financial feasibility?  Different service providers charge different fees. Make sure that the transaction fee is not costing you much; in fact, you should ensure that it does not impact your business financially. You should know the overall fees structure charged by your payment gateway provider to avoid surprises in the future. Most importantly, the payment gateway that you choose should offer you the services as per your needs and most importantly at an affordable rate.

Question 3: Is the payment gateway secure for online transactions?

Security is the most important thing for an online merchant. If you want to retain your existing customers and want to attract new customers, you need to provide them with a payment platform that is safe and secure. For this, you need to check how secure your payment gateway for making online payments is. Partner with a payment gateway provider that is compliance with Payment Card Industry Data Security Standard (PCI DSS), which means they are well equipped to handle any fraudulent activities. Also, do check if they have the right fraud protection tools and measures to prevent any security breach.

Question 4: Do they offer the right customer support?

In case there is any issue regarding a transaction, how good is support system team and how quickly will they respond? If the payment gateway does not provide timely support, then the customers will have to follow manual instructions which can be quite frustrating for a user. Ensure that the payment provider offers a dedicated customer support service which is available both via telephone as well as mail and at the same time it should be quick and smooth.

Question 5: Will it integrate easily with your existing website?

You need to offer a great shopping experience to your customers, for this you need to choose a payment gateway that can easily integrate with your online store. The easier and simpler the integration, better it is for you and your customers.

Conclusion:

Once you are prepared with these questions, you can step out in the market and select the best payment gateway service that can answer all your questions.

How to Choose a Payment Processing Solution

The global payment processing industry has become dynamic in the recent years and with so many payment processing options, it can be quite challenging to find the right payment processing company for your business needs. A wrong choice can be costly, that is why it is important to choose the right payment processor.

If you planning to expand globally, you need global payment processing services that can help sell products to international customers and boost your sales. It will present your cart in the customer’s local language and currency and offer them a wide range of payment options.

Today, we will discuss the things you need to consider while choosing a payment processing solution for your business.

Payment Security
It is the responsibility of the merchant to protect and secure the customer’s sensitive data and payment information. So, it is vital to choose a payment processor that can safeguard your customer’s payments and sensitive data using the right fraud management tools and other advanced technologies. Ensure that the payment provider that you pick offers secure data processing and is PCI compliant. A payment processor that is PCI complaint employs the highest level of data security and ensures that your confidential information is secure.

Processing Fees
Look for payment providers that offer the most affordable rates. Be aware of the processing fees and do check for any hidden charges to avoid any kind of surprises in the future. The important thing is to check on all the costs before committing to any payment provider. You need to choose a provider that fits your needs as well as your budget. If you miss or exceed your budget, you will end up paying more than necessary and lose out on your profits.

Setup and Maintenance
You want a payment provider that offers the ease of setup and maintenance. The payment processor should provide the necessary support to help you set up your account and install any equipment that your business needs.

Customer Support
What if run into some technical issues or if you have any questions regarding the bills? If any time any such problem crops up, you need a provider that is reachable 24/7 either through phone, chat or via email.

Conclusion
As you can see, these are some of the factors that one needs to consider before choosing a payment processing service for your business. Choosing a payment processing service is not a simple task, so it is wise to compare different payment processing solutions so that you have a better understanding of the pros and cons of each service. As per your findings, choose the best one that fits your needs.