It is more than just having a mechanism to receive payments from clients when it comes to online payment services. You may be restricting your own profit potential depending on what you have and how you manage it. Now is the time to review your payment strategy to see how you can improve your company's growth potential. Consider Alternatives to Credit Cards When it comes to online payment provider in Vietnam or elsewhere, it is not only about accepting credit and debit cards. Customers today demand choices. Accepting mobile payments, contactless payments, and EMV payments should all be considered depending on your consumer base and company's reach. Some consumers may request that you split payments among them. Other kinds of payment may also have more weight in international markets. Customer Data Management Every electronic transaction generates a treasure of information on the customers involved, their purchases, and the destinations of

Blockchain is definitely making its presence felt in all sectors of the economy, including the payment industry. Over the years, we have seen payments evolving from physical payment using cash to digital currency and now cryptocurrency. Needless to say, every phase of this evolution of payment methods has met with strong opposition with gradual capitulation and then a total embracing of the new technology. That is the same with cryptocurrency. Although it has entered different sectors, it is yet to be wholeheartedly accepted by the general population. The crypto payment gateway is powered by blockchain, which ensures to having a healthy payment system. Globalization And Faster Transaction Methods With the globalisation of the economy, people began to experience a block in the flow of goods and money due to problems such as cross border transactions, participation of intermediaries and the lack of automation. They wanted a system that is transparent

The internet economy is always changing, and e-commerce firms must adapt to keep up. Online merchants getting more interested in accepting cryptocurrencies such as Bitcoin, Ethereum, and others to better service their consumers and attract international visitors to their e-commerce sites. However, if you want to take cryptocurrency, a standard payment gateway that supports credit and debit card transfers will not work. Instead, you will need a dedicated crypto payment gateway that serves as both a payment gateway and wallet, allowing you to take digital tokens as payment. Let us go over all you need to know about crypto payment gateways, including how they function and why you should add one to your online store as soon as possible. An Understanding of Crypto Payment Gateway  The cryptocurrency equivalent of a regular online payment gateway is a crypto payment gateway. A "normal" payment gateway encrypts transaction data and holds funds while

Most companies who are selling products and services to consumers would realise that they need to accept payments online. This trend continues as businesses that accept online payments can benefit greatly from B2B transactions. Expand your online payment alternatives if you undertake business-to-business transactions to provide the flexibility that your B2B customers have come to anticipate, and you will be paid in days, not weeks or months. Collect More Information You can collect more information from payments through an online payment gateway in Philippines when processing online card transactions than traditional invoice scenarios involving checks in a more secured way. This benefits both businesses and customers. For businesses: More information about your customer allows you to protect the payments you accept while also improving your marketing efforts; For customers: it provides a sense of security in knowing that potential crime will have a harder time accessing their financial information. Peace

Indonesia has one of the biggest e-commerce markets in the whole of South Asia. Mainly due to the growing middle class that is depending on the internet and smartphones to shop online. With an increase in disposable income, more and more online transactions are taking place on internet retail shops. This is one of the main reasons why online businesses are opting for an e-commerce payment gateway to meet the growing demand from customers. Here are some of the signs that predict the trend of growth in the e-commerce domain is not going to stop. Increases in Investment into E-commerce Development The Indonesian government is currently trying to develop an e-commerce development plan for helping more e-commerce businesses to thrive. Their plan is to promote entrepreneurial spirit within Indonesia so that they can develop the digital economy of the country. Because of the backing of the Government, there are many

There are different payment methods which are popular in the Philippines. Along with cash on delivery, e-wallets are also very popular thanks to widespread mobile phone usage. The pandemic especially has contributed to the popularity of online payment methods. Your business will prosper if you choose the suitable online payment gateway for your online presence. Your online payment gateway in Philippines has to cater to the unbanked Filipinos as well as those who have access to online or mobile modes of payment. The Growing Popularity of Cryptocurrency Cryptocurrency or crypto is a digital currency that is slowly gaining prominence. It can be used to buy goods and services just like regular money. Its online ledger uses strong cryptography. This ensures that all transactions are done securely to the largest extent. This currency is not regulated and is mainly used to trade for profit. Bitcoin is the most popular cryptocurrencies currently

While cryptocurrency is still viewed with some scepticism in advanced economies, the developing ones are accepting it more readily. Cryptocurrency is taking off in many Asian countries. The crypto activity is increasing in countries like Vietnam, China and India. Emerging economies from these countries provide a solid foundation for cryptocurrency to take hold in. There is an increasing demand for cryptocurrency gateway in online businesses. Due to an increased adoption amongst the masses, many businesses are choosing to accept it as a mode of payment. Promises to Make a Fast Profit One of the main reasons that crypto activity has taken off in Asia is because these currencies rise in value pretty quickly. This holds the promise of quickly gaining a profit for those who invest in them. Asian investors who recognized the promise of this new technology have gained a lot on their initial investment. Even though there is

The most important support that an online website requires, is a reliable and well-established payment solutions provider. They will help you process the payment so that the money comes into your account. It is important that your payment process is smooth and seamless in order to attract traffic to your website and also to ensure that the traffic converts into sales. A good payment solutions provider will use the latest and innovative technology to provide you with secure payment solutions that protect you and your customers’ confidential data. Ideally, they should be able to help both small and big enterprises including multinational corporations.   Constantly In Touch with Technological Advancements An established payment solutions provider will consistently upgrade themselves in order to achieve better payment technology. You will thus be able to get simplified and affordable payment processing methods. They will provide your customers with omni-channel payment solutions so  they

PCI Compliance for Payment Security Payment security is necessary for any business transaction. It is essential to prioritise the safety of your customers’ payment information. By understanding and implementing PCI compliance, you can make your payment transactions safe and secure for your customers. Choose a reputed online payment provider in Vietnam to protect your business from the potential loss of valuable information and preserve your customers’ trust. What Does PCI-DSS Mean? The Payment Card Industry Data Security Standard (PCI-DSS) was developed in 2006 by five major credit card companies to prevent data breaches from affecting banks and customers. The process does not include any formal certification but a self-assessment questionnaire that can help you to demonstrate that you comply. Four Levels of Compliance Your compliance will depend on the number of your transactions per year. Here is a breakdown: Level 1: More than 6 million transactions processed per annum Level

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

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 prioritise 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

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 is 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

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

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

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