In the digital age of commerce, easy and secure online payment processing has transitioned from only a good to have feature to an absolute necessity for businesses of all sizes. An online payment gateway forms the base of your e-commerce infrastructure, ensuring that transactions between your customers and your business are securely conducted. This will help you select the right payment gateway provider, one of the most strategic decisions to ensure a seamless checkout experience, prevent potential risks and drive optimal revenue.
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At Payments Clarity, we understand accurately how tricky online payment processing can really be. We provide a full range of payment gateway solutions designed to help your business succeed in the ever changing e-commerce environment, including high risk businesses and cross border transactions. This guide will go into details about payment gateways covering the major functions of them, benefits they provide and key considerations one must bear in mind while choosing the right provider for a payment gateway.
An online payment gateway is a secure connection through which your online store can communicate with your customer's financial provider. Here is a deconstructed look at what the flow of a normal transaction that goes through an online payment gateway typically looks like:
A customer adds items to their cart and proceeds to checkout on your online store.
The Merchant Bank checks the details of the customer card with available funds and returns an authorization reply back to the Payment Gateway.
The customer enters their credit card, debit card or check information to buy a product or service over a secure page provided by the payment gateway.
Once the transaction gets the go to proceed, the Payment Gateway captures the money from the customer's account and sends it across to your account, that is, your registered merchant bank account net of some processing fees.
The payment gateway sends the details of the provided payment securely to the issuing bank (the credit card issuing bank) to request authorization.
It notifies the online shop about a successful transaction, thus, the customer receives an order confirmation through email.
There are several benefits to include an online payment gateway into your e-commerce website:
Simplify your checkout procedure and take more credit card, debit card, and other payment types.
Use strong security features provided by payment gateways to protect your business and your customers' financial information from hackers and swindlers. Payment gateways follow industry leading security protocols including PCI DSS.
Provide a seamless and intuitive checkout process to reduce cart abandonment and boost conversion rates.
Electronic settlements ensure you get access to the funds quickly and also improve cash flow and financial flexibility.
As payment gates are designed to handle massive transactions, this means there would be no issue with the growth and expansion of your business.
The core of any online payment processing strategy is choosing the right payment gateway provider. Some of the key factors that have to be taken into concern are as follows:
At Payments Clarity, we believe that arming our clients with the right tools and expertise to facilitate seamless and secure online transactions is of prime importance. For this very reason, we are proud to offer a comprehensive suite of comprehensive payment gateways solutions, these are tailor made for unique requirements such as yours.
We confidently provide transparent pricing structures with competitive processing rates so you can manage your costs with ease.
Any major credit or debit card, popular alternative methods of payment reach more customers and make it easier to sell.
Our payment gateways merge with most popular shopping carts and e-commerce platforms, ensuring a smooth checkout for your customers.
Security is not just about business; it's about the financial data of your customers. In that respect, our payment gateway solutions put into action advanced fraud prevention tools and security protocols to ensure transactions are protected.
Our veteran account management team wants to see you succeed. We will provide you with customized support for set-up and integration, continuing for all time as your needs may be.
Sell internationally and grow your business on both a national and international level. Our solutions support many and international processing.
In particular, we will have specialized high risk payment gateway solutions with inbuilt features and risk management strategies to suit the needs of businesses involved in high risk sectors.
While choosing a payment gateway provider, there are some extra factors to contemplate in the UK, such as:
Ensure that the provider obeyes all applicable UK regulations, including PSD2 otherwise called the Payment Services Regulations 2017.
Deal with an honorable provider with years of experience and good records in security and dependability in the UK.
Make sure that the provider accepts popular payment methods in the UK like Visa, Mastercard and Maestro, among others.
Definitely, one of the ways to succeed in the highly competitive marketplace is to secure and utilize an honorable online payment gateway. By partnering with Payments Clarity, you shall be better positioned to:
Use healthy security features and fraud anticipation tools to help minimize risks and protect your business.
Deliver an easy, friendly checkout experience that will increase sales and minimize cart abandonment rates.
Sell internationally and accept payments from customers worldwide using our global processing.
Let us take out the headache that goes into complicated online payment processing so that you save enough time for the things that really matter growing your business.
Call or email Payments Clarity today for your free consultation. Our team will identify your business's specific needs and tailor a solution to suit your business, which may include high risk payment gateways or international processing solutions. We will guide you through the whole process and offer the consistent integration of your chosen solution with your e-commerce platform, helping you securely process online payments effectively.
Contact Payments Clarity today!
Our knowledgeable staff will guide you in selecting the best payment gateway for your company requirements. Talk about how we could assist you in boosting your online sales!