• Mon. May 23rd, 2022

Payment Gateway for global business


Mar 23, 2022
Payment Gateway for global business

Nowadays there are more and more companies that aim at reaching a worldwide customer audience. Such global business expansion requires fast and secure ways to accept payments. Today payment gateway options available on the market are surprising in their variety. They allow customers to buy products or services in seconds, without any checks and cash. Customers are already not tied to their geographical location and are able to buy original perfume in Paris or hire a development team from India for the New York SaaS company. Moreover, people can shop around the world through different payment methods like debit or credit cards, mobile payments, e-wallets, Bitcoin wallets, etc. A large number of multiple payment methods enable merchants to accept payments from anywhere in the world. So, it is very beneficial for businesses to propose multiple payment options for their clients if they are looking to grow fast.


How the transaction process works

Accepting different payment methods starting from credit cards to cryptocurrency is a very considered approach for any merchant. The more payment options he can offer, the more customers he can attract to his services ot goods. If a person finds the most convenient way to pay for the goods on the company’s website, in most cases this guarantees a purchase. Once he chooses the suitable option to pay, he will be directed to the payment page for filling in his sensitive data. Then, all his info will be sent to the payment processor, which in turn will send the data to the Visa/Mastercard for approval.

But, offering various options for accepting online payments is not the key aspect you should consider. You should also make sure that the checkout process for your clients is secure enough and fraud-proof. Moreover, online payment acceptance involves other technical concepts that have to be in place if you’re looking to process transactions.


How to integrate payments into a website

Before accepting payments on your website, you need to apply for a merchant account, choose a payment gateway provider and payment processor. In order to integrate a couple of payment options such as Google Pay, Apple Pay, or PayPal you’ll need to sign contracts with each of them directly. Alternatively, you can look for a third-party payment service provider (PSP) that could set up the processing of various payment methods for your website. Such partnership will simplify the payment process for you and your customers, set up all the necessary processes so that you can focus on your product and services.


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