To run any online business mean you will not deal with physical cash but in brick-mortar can use physical cash. So running any online business is not easy task. It’s really not matter what are you selling and where are you selling. Payment gateway online payment is now in market to make your transaction more reliable. These days you found virtual equipment in every shop. In this seller accept the payment from debit card or credit card and other form is electronic transfer. But if these payment taken through payment gateway it’s completely safe and secure for both merchant and customer.
How payment gateway works?
First payment gateway is a application which allow a store to request payment from the customers when customer click order button then payment gateway proceed further:
- It will verifies the customers billing information
- Verifies the fund availability in customer account
- Approved the request allow any store to a confirmation number
- Last step follow ‘get you paid’
What will be your choice classic or modern?
Store owner apply for merchant account which facilitate for direct credit card payment. In merchant account you need not to go with payment gateway method its directly transfer money to your bank account. But in payment gateway you need not to open merchant account at all. It directly connects your customer’s bank account or credit Card debit card. It validates them and directly deposits in your account. Modern payment gateway which don’t require any merchant account they are PayPal, Stripe and simply commerce.
One more advantage of best payment gateway for tech support is that you need not to change your bank account and these gateways make your transaction procedure quicker. This modern gateway charge larger amount per transaction charges than classic gateways. If you don’t have much budget to proceed to process accepting payment. Don’t be afraid start from simple gateways. Adding any payment gateway is very crucial apt of process. Choose best suited gateway for your business.
All gateways have their fees it’s per transaction fees or may be month charges. Their charges scale depend how much transaction proceed per day. With a right gateway you can make easy for your customer who will pay for your product. As your business grows your gateways should be keeping with your growth. Selection of classic payment method or modern payment method more realistic and easy method is modern payment method. So merchant should choose modern method to secure customer details and the customer confidence both.
A small padlock symbol shows in right side corner of website screen. It is a mark which make the buyer secure and confidently make their payment and detail of every payment method is encrypted so it cannt be seen by anyone.
As aretailer if you want o putting online payment channel in place of your website. You should follow all concern which follow in normal transactions. Security matter according to availability of data according to your analysis, compatibility of your shopping programme which exist before it may be your shopping cart.
Shopping cart is a software which allow the customer to purchase multiple of product from your website. Customers an p[ay after finish his product collections. Shopping cart present in different from but its depend which plan you implement for your site.…