How companies can effectively use online payments
There was a time people are hesitated to make the payment by online due the security reason of internet. Over the years online payment become the most common payment method for the business transaction. In the modern world large number of people are not prefer to carry the cash with them. They prefer to use the credit / debit card for the day today payments. Online payment helps the people for hassle free experience and saving the time as well. In the digital world people are not interested to carry the cash, queue up for ATM withdrawal etc.
Payment gate ways:
Companies using the different payment gateway facilities to collect the payment through online. Company those who have the website and the bank account use the payment gateway. It acts as a links between the customer and merchant for the online payment .Its authorize the payment of online related business. It’s keep the sensitive information about the credit card number and make sure the information pass securely between the customer and merchant.
Popular payment gateways:
Payment gate has the important role in the online payment. Reliable Payment gateways can help the customer to develop the trust for the online payments. The company online payment facility helps to get strong presence in the local and international market.
1) PayPal
2) Patfort
3) Paytabs
4) Checkout
5) Paypal
6) CashU
7) Wepay
8) Stripe
Benefit for choosing the online payment:
1) Improve the sales
The availability of the product to larger customer base with online payment system will generate more sales.
2) No location barriers
If the person is travelling different countries, he has to carry the money of particular country accept. Online payment helps the person to eliminate this problem. Payment gateway help to convert the online payment to different country currency rate with proper exchange rate.
3) Convenient and instant payment
Customer can use the online payment method even if they don’t have the card. Online payment is possible any time anywhere in the office or home etc. it helps to avoid the customer to go to the shop, spend the time and wait in the license.
4) Security
Online payment is most secure now. Customers consider only the reliable merchants because the online payment requires the customer card details and other security information. Merchant help to secure the money, if person don’t receive the product or services after purchase.
5) Use of debit and credit card
Customer can use their card for the online payment even if they don’t have the cash in the bank account. The payment they can covert to the installment scheme as well.
6) Influence of buying
Online payment help the customer to take the decision fast and get the different product offer available in the market.
This blog post is written by Mr. Sajith. Feel free to call our Business Adviser today for a quality consultation relating your Business queries. Please send inquiry to
info[at]flyingcolour[dot]com or call +971 4 4542366.
