Why Online Payment Solutions Are Becoming More Popular?
According to recent research, e-commerce will account for 20.4% of worldwide retail sales by the end of 2022. The rapid expansion of e-commerce, benefited from social distancing rules during pandemic, and plenty of business interruptions.
In Hong Kong, e-commerce penetration stood at 59.8% and is projected to rise to 72.6% by 2022, which is a 12.8% increase. As more and more retailers have switched to operating online.
Following this huge trend in the world, starting and expanding your online store business will be the perfect choice, as it can be very profitable and cost-effective with a low start-up cost in general. However, in the meantime, finding the right online payment gateway in HK is also the key to achieving success. A sophisticated e-commerce payment solution is essential for any online store merchant. Those who browse online shops expect well-presented listings, thoughtful customer service, and a variety of online payment solutions.
Providing comprehensive online payment gateways and solutions to enterprises of all sizes is what Payment Asia excels at, enabling merchants to keep up with technological advancements. E-commerce payment solutions and gateways, as well as artificial intelligence are some of our key products and services, serving merchants across countries internationally.
The Leading E-Commerce Payment Solution
With more than 20 years of experience, our e-commerce payment solutions are flexible, superior and competitive, successfully establishing our company’s leading position in the online payment gateway HK market. Our innovative and secure one-stop online payment solution platform combines various payment methods, from China Union Pay, Visa, MasterCard, Alipay to other online payment gateway Hong Kong. During the past decade, we have aggressively innovated and added a dynamic range of add-on services, such as digital marketing, e-sales, and e-logistics to meet the fast-changing needs of our merchants. Over the years, we have rapidly developed and have now served more than 10,000 local and international merchants.
We aim to maximise the customer base of merchants, reduce their operational costs and promote their transparency. Our e-commerce payment solutions accept multiple currencies and have flexible settlement periods, so that merchants with different needs and industries can find the right online payment solution for them. Assisting merchants to obtain excellent business results is exactly the goal and purpose we continue to pursue, and we view the success of our merchants as our own success.
The Advantages of Our Online Payment Gateway for Hong Kong Merchants:
Wide Coverage of Payment
We offer a comprehensive range of online payment solutions and options to cater to diverse customer preferences. Our e-commerce payment solutions cover major credit cards, such as Visa and Mastercard, along with popular mobile payment methods including Union Pay, Alipay, and WeChat Pay. Additionally, we support cryptocurrency payments, ensuring flexibility for merchants and customers alike. Our commitment to providing a wide array of online payment solutions enables businesses to reach a broader audience and facilitate seamless transactions across various channels.
Web Plug-In or API (Application Programming Interface)
We provide flexible integration options for merchants through our Web Plug-In or API (Application Programming Interface). Whether you prefer a ready-to-use web plug-in solution or require custom integration using our API, we have the tools and resources to meet your specific needs. Our Web Plug-In allows for quick and easy integration with popular e-commerce platforms, while our API offers more extensive customization options for businesses with unique requirements. By offering multiple online payment gateway integration methods, we aim to streamline the process and provide seamless payment experiences for merchants and their customers.
E-Shopping Cart System Support
We support a wide range of e-shopping cart systems, ensuring compatibility with various platforms. Our online payment gateway seamlessly integrates with popular e-commerce platforms such as Wix, Shopify, SHOPLINE, WooCommerce, OpenCart, PrestaShop, Magento, WordPress, and more. This flexibility enables merchants to leverage their preferred e-shopping cart system while benefiting from the secure and efficient payment processing capabilities of our online payment solution. By supporting multiple e-shopping cart systems, we empower businesses to create an optimised and personalised online shopping experience for their customers.
Simple Backend Operation and Clear Transaction Data
Our online payment gateway in Hong Kong offers a user-friendly backend operation system that simplifies the management of transactions. Our intuitive backend interface provides merchants with easy access to essential features, allowing them to monitor and track transaction data effortlessly. With clear and organised transaction data, merchants can quickly retrieve and analyze crucial information for reporting, reconciliation, and decision-making purposes. This streamlined backend operation ensures efficiency and transparency in managing payment activities, enabling merchants to focus on growing their business without unnecessary complexities.
Shorter Payment Process with Seamless Transactions
Our online payment solution streamlines the whole payment process, enabling shorter and more efficient transactions. Our online payment gateway in HK ensures a seamless payment experience for customers, with minimal steps and reduced friction. By optimising the checkout process, we aim to enhance customer satisfaction and increase conversion rates for merchants. With our e-commerce payment solution, businesses can provide their customers with a smooth and hassle-free payment journey, resulting in improved customer retention and loyalty.
Provide Cross-Border Payment and Settlement Solutions
We offer comprehensive cross-border payment and settlement solutions to facilitate global transactions. Our online payment solution supports secure and efficient cross-border payments, allowing merchants to expand their business reach beyond borders. With our expertise in international payment processing, we provide seamless currency conversion and settlement services, ensuring smooth cross-border transactions for merchants and creating opportunities for growth in the global marketplace.
Flexible Settlement Schedules
Our online payment gateway provides merchants with flexible settlement schedules tailored to their specific needs. We understand that different businesses have varying cash flow requirements, and our online payment solution allows for customised settlement cycles. Whether you prefer daily, weekly, or monthly settlements, our system can accommodate your preferences. This flexibility empowers merchants to manage their finances effectively and optimise their cash flow management strategies.
Easy and Smooth Online Payment Gateway for HK Merchants
We offer an easy and smooth online payment gateway specifically designed for Hong Kong merchants. Our e-commerce payment solution caters to the unique needs of businesses operating in the local market, providing a seamless payment experience for both merchants and customers. With our secure and user-friendly online payment gateway, HK merchants can efficiently accept online payments, enhance customer satisfaction, and drive business growth in the digital landscape.
All-In-One E-Commerce Payment Solution
Nowadays, credit cards aren’t the only acceptable option for online payment gateways in HK. Merchants started to accept various e-commerce payment solutions in the digitalised world. Being a leading online payment gateway in Hong Kong, we take pride in our system’s competency, flexibility, and excellence. We offer a comprehensive range of online payment solutions that cater to the evolving needs of merchants.
We offer online payment solutions, multiple currencies with flexible settlement periods to allow merchants to conduct transactions in different monetary units, thereby accommodating international customers and expanding their global reach. It is our goal to help every merchant achieve business success. We are committed to providing a seamless and secure online payment experience that enhances customer satisfaction, boosts conversion rates, and drives revenue growth. With our reliable online payment gateway, merchants can confidently navigate the digital landscape and unlock new opportunities for their businesses.
- Leading and popular online payment gateway in Hong Kong.
- Trusted for its smart, safe, and smooth operation.
- Offer robust security measures and advanced technology to ensure secure payments and protect sensitive data.
- Support accepting payments on websites and mobile apps.
- Recognized for industry-leading fraud prevention tools and real-time transaction monitoring.
- Prominent and widely used credit card in Hong Kong.
- High level of convenience and accessibility to merchants and customers.
- Offers secure transactions and advanced fraud prevention measures.
- Ensure the safety of sensitive information.
- User-friendly interface and seamless integration options for online payments.
- Enable businesses to tap into a vast customer base and enhance online sales capabilities.
- Low transaction fees, reducing payment processing costs for businesses.
- Multiple security guarantees and vigilant risk monitoring for secure transactions.
- Wide device compatibility, covering computers, tablets, and mobile terminals.
- Convenient and accessible for users across various platforms.
- Faster online payments, streamlining the checkout process.
- Reliable and efficient online payment solution for digital transactions.
- Widely used e-wallet in Hong Kong.
- Covers over 100,000 local and online merchants.
- Supports wallets in both Hong Kong and China.
- Caters to various payment scenarios, including H5 cash register, website payments, mini app transactions, app payments, and face-to-face payments through QR codes.
- Provides flexibility and ease of use across different platforms.
- Trusted choice for individuals and businesses seeking seamless digital payment experiences.
- Widely used e-wallet in China.
- Supports wallets in both Hong Kong and China.
- Covers various payment scenarios: H5 cash register, website payments, mini app transactions, app payments, and face-to-face payments through QR codes.
- Versatile and suitable for different platforms and situations.
- Offers a seamless and efficient digital payment experience.
- Popular choice among individuals and businesses.
- Real-time online payment solution.
- Facilitates seamless transactions.
- Allows payments using FPS ID codes for quick and easy transfers.
- Provides flexibility in managing financial transactions.
- Covers various payment scenarios, making it versatile and adaptable.
- Enhances the speed and convenience of digital payments.
How Do We Provide a Seamless Online Payment Experience?
After successful activation, we are pleased to offer merchants detailed API access guidelines for seamless integration of our online payment gateway with their specific application scenarios, and provide consumers with various e-commerce payment solutions.
Recognizing the significance of providing diverse payment options to consumers, our online payment gateway supports a wide range of e-commerce payment solutions. This ensures a convenient and secure shopping experience for customers. Merchants can offer their customers multiple payment methods, including credit cards, electronic consumption coupons, and UnionPay.
To simplify integration, we have ensured compatibility with popular shopping cart systems and plugins including: Wix, Shopify, SHOPLINE, WooCommerce, OpenCart, PrestaShop, Magento, WordPress. If merchants want to receive consumption coupons, credit cards, or UnionPay, we provide an all-in-one online payment solution, so that merchants can easily pay and collect money online.
Through our comprehensive all-in-one online payment solution, merchants can effortlessly collect payments from customers and make payments themselves. This unified solution eliminates the need for separate online payment gateways for different payment methods, streamlining the entire process. Whether customers prefer using consumption coupons, credit cards, or UnionPay, our online payment solution caters to all these requirements.
Additionally, we fully support credit card payments, ensuring secure online transactions for customers. By integrating our online payment gateway with the merchant’s website, we establish a secure connection to the credit card processing system, safeguarding sensitive customer information and instilling trust in the payment process.
Moreover, we provide robust support for UnionPay, a widely adopted payment method in China. Merchants can seamlessly accept UnionPay payments through our online payment gateway in Hong Kong, catering to customers who prefer this popular option. By incorporating UnionPay into their payment options, merchants can tap into a vast customer base and unlock new revenue streams.
With our secure integration and extensive e-commerce payment solution options, merchants can streamline their online payment processes and enhance overall customer satisfaction.
How Can We Ensure the Safety of Our Online Payment Gateway?
Payment Asia is a PCI-DSS certified online payment gateway in Hong Kong. Any business transaction needs to ensure the security of payment as well as their systems, especially their online payment and e-store payments, where safety of customer payment information is a priority.
By understanding and implementing a PCI compliant online payment gateway in HK, you can ensure that your customers’ transactions are safe and secure. The Payment Card Industry Data Security Standard (PCI-DSS) was established in 2006 by five major credit card companies to prevent data breaches that could affect banks and customers. It doesn’t include any formal certification, and is a self-assessment questionnaire to make sure the business is in compliance with the specified standards.
How Can Our Online Payment Gateway Help Hong Kong Merchants That Don’t Have an e-Shop?
We help merchants who are operating without online stores and provide e-commerce payment solutions to build a basic and simple e-business. By connecting to our online payment gateway in HK, merchants can also collect money online, diversify payment channels and attract more consumers to pay via online channels, thereby increasing sales. A smooth and safe online payment gateway in Hong Kong can also help gain customer loyalty as well.
The establishment process is quick and simple, and you only need to provide some basic company information, and details about your products or services. And you can solve the trouble of not being able to collect and pay online.
Harness the Benefits of E-Commerce
Except for being the all-in-one, safe, and reliable online payment gateway, we help our merchants to reap the benefits of e-business, through our range of e-commerce payment solutions.
For instance, we partnered with Alipay HK to help our merchants to establish a page on the Alipay HK APP. The purpose of it is to attract more customers by releasing coupons and various discounts, and certainly the sales of our merchants have increased as a result.
We hope that eventually all payments will be collected through our online payment gateway in Hong Kong. We do not position ourselves as just an online payment solution provider with our clients, but rather a life-time business partner.
More Than Payment
Merchants can handle local and international multi-level transactions using our omni-channel e-commerce payment solution. Since its establishment in 1999, our company also acts as a bridge between Asian and international merchants in Hong Kong.
To fulfill our merchants’ changing requirements, we always listen to their needs. Together, we achieve growth hand-in-hand. The unique aspect of our company is that we have a dedicated digital and data-driven marketing team that works closely with clients not just on online payment gateway transactions processing but also in their sales and marketing campaigns.
About Our E-Commerce, Online Payment Solutions - FAQs:
1. How can I apply for your online payment gateway?
To apply for an online payment gateway in HK, please go to our dedicated e-application platform to register and submit relevant documents: https://application.pa-sys.com/nef/account/register
PACO, our AI assistant will contact you in no time to make sure you are on the right track, and provide the support you need.
2. What is the fee of using your online payment gateway?
We have reasonable transaction costs for our online payment solution, which can be modified for various industries. There will NOT be any setup fee, annual fee, or account opening fee.
3. Is it possible for customers to shop online outside of Hong Kong?
Of course, there are no geographic limitations for e-commerce payment solutions. However, transaction settlement can only be done in HK Dollars, and merchants are required to have a Hong Kong bank account.
4. Will I be charged a fee when issuing a refund?
We will charge the transaction fee only if you conduct the transaction through UnionPay. There will not be any transaction fee for using our online payment solution if you are using other payment channels, and you will receive a full refund in the currency you paid.
5. What currencies does your online payment gateway in HK support for transaction settlement?
The currencies supported for transaction settlement through our online payment gateway depends on the specific payment channels chosen by merchants. We offer a range of payment channels that support different currencies to cater to diverse business needs.
For example, if you choose UnionPay as your payment channel, settlement can be done in multiple currencies, including but not limited to Hong Kong Dollars (HKD), Chinese Yuan (CNY), and U.S. Dollars (USD). On the other hand, if you opt for other payment channels such as credit cards or digital wallets, settlement is typically conducted in the currency associated with the merchant’s account.
It is important to note that while our online payment gateway in Hong Kong supports various currencies, the availability of specific currencies may vary depending on the payment channels integrated into your e-commerce platform.
6. Can I integrate your online payment gateway with my existing e-commerce platform?
Yes, you can integrate our online payment gateway with your existing e-commerce platform. We provide support for various popular plug-in and shopping cart systems, such as Wix, Shopify, SHOPLINE, WooCommerce, OpenCart, PrestaShop, Magento, WordPress, and more.
Our technical integration team has expertise in integrating our online payment gateway seamlessly with these platforms. Whether you have a website built on one of these platforms or a custom-built e-commerce solution, we can work closely with you to ensure a smooth and efficient integration process.
By integrating our online payment gateway with your existing e-commerce platform, you can offer your customers a secure and convenient payment experience while leveraging the advanced features and functionalities of our online payment solution. Our team is available to provide comprehensive technical support and guidance throughout the integration process to ensure a successful implementation tailored to your specific requirements.
7. Is there a minimum transaction amount required to use your online payment gateway in Hong Kong?
Our online payment gateway in Hong Kong does not impose a minimum transaction amount requirement. We understand that businesses of all sizes have different transaction needs, and our online payment solution is designed to accommodate transactions of varying sizes.
Whether it’s a small purchase or a larger transaction, our online payment gateway can seamlessly process the transaction, providing flexibility and convenience for merchants and their customers. This ensures that businesses can leverage our online payment gateway regardless of the transaction amount, allowing for smooth and hassle-free payments across a wide range of transaction sizes.
8. Do you provide fraud prevention and security measures for online transactions?
Yes, we take fraud prevention and security measures seriously to ensure the safety of online transactions. Along with our online payment gateway Hong Kong solutions, we have implemented robust systems and protocols to safeguard against fraudulent activities.
For fraud prevention, we adhere to Anti-Money Laundering (AML) regulations and implement stringent measures to detect and prevent fraudulent transactions. Our advanced systems employ sophisticated algorithms and real-time monitoring to identify suspicious activities, ensuring that fraudulent transactions are identified and stopped promptly.
In terms of security, our company complies with the Payment Card Industry Data Security Standard (PCI-DSS). This industry-standard security framework sets strict guidelines for handling cardholder data, including encryption, secure data storage, access controls, and regular security assessments. By adhering to PCI-DSS requirements, we maintain a high level of security for the transmission and storage of sensitive customer information.
These comprehensive fraud prevention and security measures demonstrate our commitment to protecting both merchants and customers from potential risks and ensuring a secure online payment gateway and environment.
9. Are there any restrictions on the types of products or services that can be sold using your online payment gateway in HK?
Our online payment gateway does not impose general restrictions on the types of products or services that can be sold using our platform. However, certain specific industries may have additional requirements or considerations when setting up their e-commerce payment solution.
For example, in industries such as medical or beauty services where prepayment is commonly involved, our online payment gateway can accommodate such transactions. Additionally, for businesses offering subscription-based services with monthly or annual payment schemes, our platform supports recurring billing functionalities to facilitate seamless payments.
While we provide flexibility and support for a wide range of products and services, it is important for merchants to comply with relevant legal and regulatory requirements specific to their industries. This includes adhering to any licensing, permits, or industry-specific regulations governing the sale of certain products or services.
Our dedicated sales team can provide further guidance and assistance regarding any industry-specific considerations or requirements to ensure a smooth and compliant integration of our online payment gateway into your business operations.
10. Do you offer customized online payment solutions to meet specific business needs?
Yes, our company understands that businesses have unique requirements when it comes to online payment solutions. We offer customized e-commerce payment solutions to cater to specific business needs and enhance the overall payment experience.
Our experienced sales team works closely with merchants to understand their specific requirements and tailor a solution that aligns with their business model. Whether you need specialized features, integration with specific platforms or systems, or additional security measures, we can provide personalized solutions to meet your needs.
By leveraging our expertise and industry knowledge, we can recommend the most suitable payment options and functionalities for your business. This includes offering various payment methods such as credit cards, digital wallets, and alternative payment options to accommodate the preferences of your target customers.
Furthermore, we can assist with integrating additional services, such as recurring billing for subscription-based businesses or customized reporting and analytics tools to gain valuable insights into your transactions.