Launching an Ecommerce store? Congrats! You will be jumping on the billion-dollar industry bandwagon.
Do you know?
Checkout stays at the heart of Ecommerce development about which the e-retailers are laser-focused. But, the harsh reality is most of the carts are abandoned at the time of making payments. The unavailability of the audience-preferred payment option, lack of trust, security concerns, and certain limitations are the reasons that deter the users from making an online purchase.
It’s a sign- payment gateway selection is one of the vitally important considerations. Confused a little? Let’s shed some light over it:
The payment gateway is software which helps online store authorize and process payment from the customers. The trouble-free transactions are ensured between merchant accounts and the customers through a technology that enables encryption and security protocols from end-to-end.
Read more : E-Commerce Platforms for Small Business 2020?
Under the online payment transactions, three parties are involved namely- merchant, customer, and technology. The customers make the payment using the debit or credit card. The merchant partners with a bank, which accepts the payment on the merchant’s behalf, and then deposits the payment upon the successful transaction into the merchant account.
Read more: Payment Gateway For Your E-Commerce Store?
The e-payment mode will help you have a successful shopping on the go and should be incorporated during the mobile app development phase.
A direct and simple technique with quick payments consolidates the best payment gateway.
The payment gateway providers list is described below:
There are some aspects to be considered like security, cost, and other payment modes while going for an online payment gateway.
There are four key parties required in an online transaction:
The payment processor and payment portal help in connecting all 4 parties in the payment chain.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
Since Bitcoin was introduced (in 2009), it has become global payment system commonly used in e-commerce for product purchase and service payments.
Bitcoin is a fast, less expensive and secured decentralized digital currency.
If you’re not quite sure, you can also use it as an alternative to your existing payment gateway system.
Many e-commerce businesses and online stores are adopting the Bitcoin as an alternate or secondary payment gateway.
There are lots of customers who are looking for stores to spend their Bitcoin, so accepting a Bitcoin will help you to increase your ROI.
Safe and secure transaction – no third party involvement and transactions are encrypted with blockchain.
