4-point checklist: does your business need a payment gateway?
Blogs on 13th May 2020
Lately, electronic payments have made significant progress, displacing cash in many markets around the world. eCommerce volumes steadily increase too. Absolutely, it creates a strong need for convenient ways of accepting money online. This is where a payment gateway comes in handy. Does your business need one? Let’s explore the benefits and figure out!
Benefits of a payment gateway
- Global payment acceptance
- Advanced security for fraud prevention
- Technical support to help you get things straight
- Transaction reporting & accounting for total awareness
Although the processing of a transaction usually lasts several seconds, the whole process involves several steps as well as several participants. Payment gateways streamline and facilitate the interaction between merchants, payment acquirers, and card-issuing bank.
As you see, using a payment gateway is the key to higher sales and profit margins. The following checklist will help merchants look into the matter of PayCore.io’s payment gateway and find the advantages for online businesses of any type and size.
A payment gateway is a technical solution that allows online businesses to accept payments online.
You want all payments to be secure
Security is one of the most significant parameters customers and merchants pay attention to. Cardholders would rather not share their credit cards sensitive information with third parties. Therefore, you should choose a reliable payment gateway with an encrypted and fully protected data transfer system. This ensures the secure and safe processing of the transaction. PayCore.io provides a high level of security using 3D Secure and SecureCode technologies for Visa and Mastercard cards. It is also compliant to PCI DSS Level 1.
You want to go global with ease
PayCore.io represents an advanced payment gateway supporting multiple currencies and payment methods. It allows merchants to trade with the world – easily and quickly accepting cross-border payments. One integration with PayCore.io connects you with dozens of payment service providers at once. Thus, you ensure your customers’ have a smooth shopping experience and enable them to choose their preferred currency and method.
Your want your business to be consumer-friendly
eCommerce is expanding with an unstoppable rate, offering consumers convenient shopping on the go from anywhere — their home, office, or even during their morning coffee outside. No wonder people love it, for they don’t have to waste time visiting shops anymore. Just a connected device and their payment card data allow for shopping for almost any goods and services. So, consumers now expect more – they would rather choose a merchant that offers multiple payment options. Integrating PayCore.io’s payment gateway allows your customers to choose from multiple methods and pay whenever and wherever they find it convenient.
You want to run your business efficiently
Integrating PayCore.io’s payment gateway gives benefits not only to consumers but to merchants as well. The main is a user-friendly dashboard with all the essential data close at hand. Monitor the details on each transaction any time you find it appropriate. And when it’s time to tackle reports you can easily download the necessary data for reconciliation and accounting needs. This helps to track your consumers’ shopping behaviour and make more elaborated decisions on further development. Moreover, you reduce operational costs and efforts, finally getting rid of the daily routine with banks and piles of cheques in hand.
If you checked at least 3 points from the checklist above, you definitely need a payment gateway. Good news — PayCore.io has much more to offer. Using it you can bolster your consumers’ trust and open new horizons for your business smooth development. Contact us and profit from all the benefits of our payment gateway immediately.