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If you are looking to expand your business to accommodate an international clientele, then an international payment gateway is the first step in that direction. International payment processing will need the use of the appropriate online payment gateways, such as a crypto payment gateway that will accept payments from anywhere in the world. The speed at which each transaction is conducted, and the security offered to its users are some of the key points that will set your company apart from other players in this competitive market. Why are Cross-Border Payment Systems Popular? International payment gateways open up opportunities for merchants to open up their business to a new customer base. With the major advances in technology over the past decade or so, it has become easier to offer your goods and products to international customers. To take full advantage of this opportunity, merchants are starting to expand their business to capitalize on payments made in foreign currencies. For instance, an online payment gateway in the Philippines can capture customers starting to adopt online payments. To make sure that the cash flow into your business is diversified, offering the appropriate payment gateways can provide your online business growth in international countries. How Do I Choose the Right Payment Gateway? The first step in choosing the best payment gateway for your online business is selecting the right payment service provider. Your customers are more likely to do business with you if you use a reliable payment partner. For example, if you are looking to expand your business to the Philippines, you should choose an online payment gateway in the Philippines area that is popular amongst the masses. The second thing you should look at is how easily this payment platform can be integrated into your online business. A payment gateway should have robust security and provide developer-friendly APIs. The third thing you should be looking at is the availability of local payment methods when catering to the demographic of a target country. People are more likely to do business with you if they are familiar with the payment options you provide on the payment gateway you decide to choose. Advantages of Using an International Payment System The biggest advantage that cross-border transactions can bring is the expansion of your online business. A crypto payment gateway is an excellent example for accepting payments from anywhere in the world. Due to the increasing acceptability of cryptocurrency in making payments, early investing in this type of gateway can lead to the growth and expansion of your business. Not to mention, you are attracting more customers to your business which means more cash flow. As with any online transaction, security can be an issue. But, by using the right payment partner, encryption technology can take care of safety and security issues. Although international payments can be quite complicated with fees and exchange rates, the right payment gateway can simplify these things for you, providing your customers with a seamless online shopping experience.
After the coronavirus pandemic, the world has seen a significant rise in different types of fraud risks, especially cyber risk frauds. As you set up your E-commerce site, make sure you prioritize data security. Ensure that every online business transaction is protected from fraud and theft to secure your customer’s payment details. Choose an online payment solution in Thailand that offers payment solutions with a fully integrated real-time fraud detection and scoring engine to prevent transaction fraud before it can happen. Follow the following steps to save yourself and your customers from cyber risk frauds. Step 1 - Encrypt the Data You Receive Encryption of payment data is the most basic step you have to take. Unencrypted data in your servers are nothing but an invitation to hackers to access your customers' payment information. Your crypto payment gateway process and payment system should be encrypted on receipt to protect the information regardless of where it is. Step 2 - Use Address Verification System Protections Frauds in online payments are happening at an increasing rate because you do not know the visual identity of the customer whose payment info you receive. In this case, a key proof against stolen payment data is the address verification system (AVS) data. This verifies if the address linked with a payment card matches the billing address a buyer provides. Though it is not foolproof, it serves as a potential data point that can be used to reduce online fraud. Step 3 - Track and Monitor Suspicious Activity Suspicious activity will include unusual customer location or unusual purchasing patterns from a particular customer. If you receive a suspicious activity report from your crypto payment gateway provider, review it before completing the transaction. The reasons for the activity may be good; however, follow up to prevent payment fraud. Step 4 - Maintain PCI Compliance The payment card industry's guidelines are to be followed before merchants can process card payments. Thoroughly understand the standards and test regularly to maintain strong compliance with the expectations. Falling out of compliance does not only risk your ability to process payments, but it also suggests that your security measures are insufficient to protect payment data. Watch out for updates and patches to keep up with the expectations for your transaction processes. Choose an online payment solution in Thailand in compliance with PCI Data Security and Standards and surpass all requirements set forth to be a level 1 service provider. Step 5 - Work with a Strong Processing Partner Keeping up to date with constantly changing rules and new security threats emerging daily can be tedious and time-consuming. Find the right payment processing partner to have peace of mind while focusing on security needs and updates. Like any strategic partnership, your processing partner must meet your needs with up-front security and be highly responsive to issues that may arise in the future. Partner with a payment provider that you can trust to be both secure and efficient. In this way, you can reduce fraud risks, chargebacks and simplify PCI compliance.
Since its inception in 2009, cryptocurrency has been gaining traction in the financial landscape as a legitimate form of digital currency. They differ from other fiat currencies over the fact that there is no central or federal authority that issues or controls them. Instead, it works on blockchain technology and is formed by a process called mining. Of late, companies such as Facebook, Tesla and IBM have adopted crypto coins, significantly impacting its acceptability as a legitimate payment option. Many payment providers are offering payment solutions that include cryptocurrency payments to serve their clients better. If you would like to know if a cryptocurrency payment platform is a good fit for your business, here are something you should know before you integrate one into your website. What is a Cryptocurrency Payment Gateway? A cryptocurrency payment platform allows you to accept and process transactions that involve cryptocurrencies. Due to some big names in the technology world advocating for cryptocurrency, there is an unprecedented increase in the popularity of this digital currency. One of the main sectors seeing growth is the business sector, as people are willing to use cryptocurrency to buy goods from online portals. To keep up with this new demand, online eCommerce business is trying to integrate a payment gateway onto their sites to accept cryptocurrency. The future of cryptocurrency is bright, and the early adopters of this technology will definitely see benefits in their businesses down the line. Advantages of Accepting Cryptocurrency Payments As cryptocurrency payments are relatively new, you are able to tap into a new customer market before your competitors do. This new influx of clients is bound to get other crypto users interested in your brand and give you brand-new business. Since cryptocurrency is not a traditional payment mode and does not have a centralized authority governing it, fewer restrictions are placed on it. Once payment is made, it is immediately accessible to you. A cryptocurrency payment gateway can allow you to process different digital currency transactions making their utility truly universal. Cryptocurrency transactions also eliminate fraudulent chargebacks, which save a lot of time for you. The most significant advantage that cryptocurrency has going for is its privacy. This can be a great advantage for a buyer as their private details are secure. Should You Start Accepting Cryptocurrency Payments?  Cryptocurrency payments are still in their nascent stages, but many payment providers offer them as payment solutions to their clients. This is because they recognize the promising future that cryptocurrency will play in the financial markets. This digital currency is a sound investment to make early on as it is slowly gaining popularity amongst the masses. The more people use this currency, the more its value will increase. Its use can also open up your business to international clients and help you save on transaction costs. If you would like to invest in the future of digital payments, then cryptocurrency is the way to go!
Are you on a search for a suitable online payment provider in Vietnam for your business? It is important to ask important questions to ensure that you choose an online payment provider that provides a hassle-free gateway provider and creates any payment scenario you wish in the simplest, fastest and easiest manner. Here are five questions you can ask an online payment provider: What Are the Features Offered? If you wish to attract as many customers as possible, it is important to choose a payment provider that offers a variety of flexible payment options such as credit cards, mobile wallets, mobile payments and debit cards. Also, make sure you choose an online payment provider that can be accessed globally. In this way, you can attract overseas customers and eventually this will lead to an exponential growth in your business. In order for this to happen, the online payment services you choose must have a bandwidth that can support worldwide transactions through multi-currency conversions. What Is the Cost and Pricing? Leveraging the services of an e-payment provider comes with some sort of fees. These prices will vary depending on your business and the transaction type you are going to be carrying out. The cost of availing the service of a payment gateway provider includes set-up fees and fee on every transaction made on your business website. Few online payment providers charge an annual maintenance fee. Compare the prices and features of different payment providers and then chose the payment provider that is the best fit for your business needs. Do They Provide a User-friendly Interface? It is crucial to choose an online payment service provider that can provide its customers with a seamless user interface. A quick and easy checkout process also means that the customers will have a smooth online shopping experience. On the other hand, a tedious checkout process will only end up in you losing valuable customers. Hence, optimize your checkout page to maximize the usability of your payment gateway. Will Your Payment Data Be Secure? Make sure the payment provider you choose is PCI compliant. The PCI is a set of worldwide regulations that every payment gateway provide must follow to ensure payment data and information is secure. An e-payment technology such as tokenization plays a role in enhancing the payment security of a user and prevents any potential hacks and vulnerabilities during a transaction. Tokens replace the confidential information you key in on these gateways with a random string of characters to protect your data. Choose a reliable payment provider to ensure safe and secure online transactions. What Are the Merchant Account Options Offered? A merchant account is an additional layer of security that payment providers offer their customers. A merchant account is where the money from a customer’s account is temporarily transferred during a transaction till it gets approved from the customer’s processing bank. After approval, the money gets transferred into the seller's account. Choose a payment provider that offers a merchant account for extra security. Select an easily integrated online payment provider in Vietnam into your e-payment technology to best suit your business needs and can provide a seamless online shopping experience.
In recent years, an increasing number of businesses are already taking Bitcoin as payment, and it has proved to be beneficial to many merchants and customers. Are you wondering whether your firm is ideal for a cryptocurrency payment gateway? Well, the answer is based on your business objectives and what you intend to do with your digital gains. Bitcoin is one of the most widely accepted cryptocurrencies for payment by companies. Bitcoin adoption has become a means for businesses with international consumers to avoid bank transaction fees and long processing delays, as well as the additional burden of converting to a new currency. Let us take a look at a few of the reasons why a crypto payment gateway may be a good fit for your company. A Business that Handles International Clients Cryptocurrency allows inexpensive, borderless, near-instantaneous transactions. This supports clients all over the world to purchase your company's services or products, even if they do not have access to traditional banks. These payment solutions are nearly instantaneous, especially for huge payment sums that have traditionally taken longer to settle. Moreover, cryptocurrencies are not tied to the exchange rate of a single country; rather, they are universally recognized, making them more appealing to many enterprises. These benefits might be significant for multinational e-commerce enterprises in particular. A Business that Falls Under High-Risk When it comes to a cryptocurrency payment gateway, everything goes to a sophisticated public ledger that can be trusted, which makes it simple for many people to contribute to a single purchase. As a result, crypto is a good platform for crowdsourcing. In addition, it is also a viable option for high-risk firms since regular payment methods may not support cryptocurrency. A Business that Wants to Grow It is critical to remain open to new technology at all times. Why should you refuse a consumer who wants to pay you with cryptocurrency? You will notice that, since the tremendous growth in the number of crypto payment solutions available over the last few years, many clients are prepared to pay in crypto. A Business that Requires More Security  Unless you have the merchant's permission, it is tough to reverse a bitcoin transaction once it has been completed. This gives retailers more protection against e-commerce fraud with this kind of payment solutions because there is no middleman, such as a bank, who can withdraw funds from your account without your permission. As a result, accepting cryptocurrencies in your online store is undoubtedly worthwhile if you want to keep your business on the cutting edge. Especially since crypto processors can shield your business from price volatility, ensuring that your company does not lose money as a result of fluctuating coin values. With minimum risk, you can appeal to crypto-enthusiast customers and increase your brand's visibility. With a cryptocurrency payment gateway, you would be able to see huge benefits to your company. Therefore, inquire about other entrepreneurs' experiences, assess your risk aversion, and get started
Due to the ongoing COVID-19 epidemic, people have opted for online shopping as it is both safe and easy. E-payments have become a new trend that has been adopted by businesses worldwide, which has, in turn, rewarded them in many ways such as: Increase in Revenue Providing an e-payment solution will not only increase your brand exposure but will ultimately result in you earning maximum profits. By offering a number of payment options such as credit/debit cards, e-wallet, mobile banking and more, you will be attracting a wide customer base. Crypto payment gateway providers accept major digital currencies for more online and offline payments. The online payment mode enables people to make payments instantly and they can also choose the payment type. This convenient payment method offered maximum customer satisfaction, which in turn results in a loyal customer base. Choose an online payment solution in Thailand that offers a variety of payment options, which will lead to greater possibilities to earn revenue. By offering easy and flexible payment options, you can effectively increase your cash flow. Automated Process Automated electronic payments give no chance for any kind of error unlike, manual payments. Automated payments are convenient for both buyers and sellers as it is time-saving and effortless. You can offer your customers all the necessary functions such as credit info, balancing, or transaction history without having to contact your team members. Like this, you can minimize human contact and shorten the entire payment process. You can also set up Al machine-based chatbots to provide 24x7 customer care services to power up your business. Improved Security Electronic payment systems especially a crypto payment gateway offers maximum security of transaction details and user’s information. With technology constantly evolving, the security offered by payment solutions is getting tighter. In addition to that, e-payment systems offer high standards for detecting and preventing frauds through its Al-based fraud detection. Reduced Costs Offline payments involve numerous expenditures and extensive paperwork such as printing bills and invoices. Collection and withdrawal of cash at banks can be tedious, with additional bank charges as well. Cash can be easily stolen or lost; this can be a great loss for the store owners. Manual computation of cash can be tedious, whereas online transactions are recorded automatically. E-payments are easy, secure and less expensive than the traditional offline payment methods. By making use of the benefits that online payment solutions in Thailand offer, you can make your business more efficient, productive and cost-effective. Increased Sales and Productivity Since, the numbers of customers who prefer e-payments are on the rise now, finding a suitable online payment solution in Thailand for your business is the smart thing to do. In this way, you can be available to the customers who prefer e-payments. Make use of Crypto payment gateway to seamlessly integrate your checkout page with the gateway provider’s API. Since online payments are automated, you do not have to worry about maintaining records. Like this you can save time and effort and focus on creating a productive and rewarding business.
Centralized payment gateways, which were once critical to net banking, have been deemed unnecessary for a cryptocurrency payment gateway. As a result, the time it takes to complete a transaction has been drastically reduced. When it first came out, net banking was heralded as a game-changer, but it quickly became riddled with flaws, resulting in a slew of fraud and identity theft instances perpetrated by cybercriminals.
Globally, e-commerce sales are increasing. This trillion-dollar market is booming due to the ease of online shopping experiences instead of a traditional shopping experience. The COVID-19 pandemic has catapulted this market even higher as no one was allowed to leave their homes for a long period of time. Online payment providers in Vietnam offer a much-needed service that has helped the growth of e-business. These online payment services can help you capture the profits and benefits of shifting your stores online. There are several ways in which a business can boost online sales using payment platforms. Some of them include: 1. Provide as Many Payment Options as Possible If you want to capture the business of as many customers as possible, you must provide as many payment options as possible. Online transactions are quickly replacing traditional cash and cheque payments due to the ease at which transactions can take place. There are a variety of payment platforms that one can avail of. Digital wallets, credit cards, debit cards, online bank transfers, etc., are just some of the options you can provide your customers to make purchases online. The more options you offer, the more likely it is that you will be able to attract a broad spectrum of customers to your site. 2. Give Your Customers a Secure Platform Online payment services that you choose must be safe and secure. Many payment gateways provide data security by encrypting transactions. This is a must as customers will come back for repeat business based on their confidence while doing business on your site. It is of utmost need to set up a secure infrastructure on your e-commerce site to encrypt any type of private customer information. Choosing the right payment provider is imperative as it will improve customer experience on your site and boost sales in the future. 3. Make the Payment Process Simple The ease of doing online transactions is dependent on simplifying the process. This involves improving the payment process so that customers do not need to spend extra time and energy on your site to purchase items. These improvements can come in the form of reducing the number of re-directs during the payment process to limiting the amount of personal information you ask your customers to provide. Online payment services can provide you with an easy-to-use interface that makes online transactions speedy and hassle-free. 4. Offer Cash Rewards A great incentive for repeat business on your e-commerce sites is to set up a reward system for your customers. Customers are encouraged to do business with you as they can redeem cash rewards. This will enable them to use the online payment options available on your site. Online payment providers in Vietnam can help set up such incentives to help your business. This can prove to be a win-win situation for both the business and the payment platform that you choose for your site.
Since its inception in 2009, Bitcoin has been taken the world by storm. Cryptocurrency serves as the new medium for daily transactions that surpass governmental institutions from having any control over your money. Cryptocurrency transactions have many benefits, so many online platforms are capitalizing on its increasing popularity by offering payment solutions that help their customers use cryptocurrency as a mode of payment. Here are some of the reasons why using a cryptocurrency payment mode can be advantageous for you: 1. Low Transaction Costs Since more and more people are getting involved in cryptocurrency, it is important for business owners and e-commerce business owners to update their payment gateways to include a cryptocurrency option. More and more people are opting to use this new digital money because the transaction cost is very low. Within a traditional banking system, there are transaction costs that can add up over time. These extra banking fees can be saved if you use cryptocurrency. If you make international payments, then you are well aware that international charges can be exorbitant. By using a cryptocurrency payment gateway, you can cut down on these charges. 2. No Government Intermediaries One of the biggest benefits of using cryptocurrency is that it is not under the control of any federal government. What this does is makes it accessible to just about anyone and makes transactions quick and straightforward. The removal of governmental intermediaries eliminates the need for identification papers and documents when setting up an account. This decentralization of currency is one of the main reasons that more and more people choose to start using cryptocurrency payment gateways. 3. Safe and Secure If you are looking to start using a cryptocurrency like Bitcoin, blockchain technology makes it safe and secure. Since there is no personal information linked to your digital wallets, identity theft is no chance. You get data protection as the records on a blockchain are secured through cryptography. Blockchain technology acts as a public ledger that records every transaction. Throw in the fact that it is decentralized, and you have another security wall at your disposal as it attacks potential hackers. Another advantage of using a cryptographic system is that transactions are irreversible and cannot be amended once it is made. 4. Opens Up a New Avenue to Do Business If you are looking for alternate payment solutions, a cryptocurrency payment platform is one of the most popular ways to send and receive digital money. If you have international clients, business transactions can be made easier with the help of cryptocurrency. Investing in cryptocurrency can be a lucrative business decision as it opens your business up to an international customer base. With the benefits of lower transaction fees and encryption of these transactions, a cryptocurrency payment platform is easy to integrate and encourages speedy transactions. If your business is looking to increase profits, adding a cryptocurrency payment option can put you ahead of other competitors in the market as it is a fairly new technology.