Best Practises To Integrate An Ecommerce Payment Solution To Your Website Or Mobile App

Nowadays, ecommerce has become a popular choice as more and more people prefer buying things online right from the comfort of their homes. This means that every merchant has to take into consideration certain factors to increase sales and one of the most important factors that can help a merchant achieve this is the payment gateway.

Merchants should ensure that the ecommerce payment solution they integrate with should deliver a hassle- free and seamless experience to the customer but without compromising on security. From ease of integration to customer support, there are number of things to be considered before integrating with a payment gateway.

Let Us Have Look At The Most Important Factors To Consider:

The Cost Of Integration

Before you integrate an online payment into your website, do not forget to check the cost involved in the whole process. Usually, there is registration, setup and monthly fees and then transaction, processing, refund, chargeback payment fees and sometimes even some hidden fees. There are different fees related to different payment gateways, so you need to carefully evaluate this aspect as you may end up paying a lot more in the long run.

Customer Support

While integrating a payment gateway, it is vital to identify what kind of support will be offered to the customers in case of any issue. Merchants should ensure that the payment gateway offers the right and timely support to the customers not only in addressing issues related to integration, but also payment related issues post the integration stage. Merchant should identify what kind of support (email, phone, chat) will be offered by the payment gateway and if the issues can be resolved in the shortest possible time.

Security

This is one of the most important factors that cannot be compromised. The payment gateway should be compliant as per PCI-DSS standard, should have proper encryption on all payment pages along with solid authentication procedure. Requesting a demo can help in identifying how gateway functions and how the website will appear to a customer at the time of transaction.

Compatibility

For a successful integration, the merchant should ensure that the gateway integrates effortlessly with their shopping cart. For this they need a plug-in that can be applied to their platform, if it is not so, then the merchant would need to invest in plug-ins and extensions which can integrate with the payment gateway.

Functionality

Apart from the above, the payment gateway should provide the functionalities of billing support for membership and subscriptions, so that any change in payment dates and subscription types can be enabled without any cancellation of the subscription.

Choosing an ecommerce payment solution to integrate with your website or mobile app is an important decision. So, compare all the options and choose the one that best fits your business needs.

How to Launch Your E-Commerce Business

With increasing penetration of smartphones and easy availability of Internet, E-Commerce businesses are flourishing. People want to buy from eCommerce shopping sites rather than going to physical stores.

It has many advantages. First, buyers do not need to waste time and money in commuting to and parking in the nearest mall or physical store. Secondly, they have a variety of options and brands available online.

 

You generally end up getting a better deal online, as you can compare prices and features and take an intelligent decision based on that. Sometimes, people need things urgently. eCommerce stores these days offer same-day delivery and free two-hour delivery mostly in metropolitan cities. It has revolutionized the way people shop. If you also want to jump on the bandwagon of e-commerce, you have two options — you can either launch your own eCommerce store or you can use an established marketplace like Amazon or eBay to sell your products. Both have different features so let’s discuss it.

1. Launching a proprietary eCommerce website

It is a bold decision when you want to launch your own webstore. You would be the owner of your own online venture and you’d need to take complete responsibility for its marketing, promotion, web development and payment gateway etc. It’s a long-term option and just like any other business, you need to invest a lot of time and money into it to see it in turn into success.

2. Joining an establish marketplace

It is comparatively easier and favorite option of wannabe entrepreneurs. One of the examples of it is drop shipping, which is extremely popular these days. In this business model, you need an already established marketplace like Amazon or eBay to sell your products. You need not worry about marketing, promotion, web development, design, organic reach, technology or even paying for a payment gateway. All you need to do is to share a percentage of your profits, you are going to make through your online sales.

In order to launch your own e-commerce business, you need to take the following steps:

1. Registration

Registration of any business is the first step. It is a legal requirement as well. Once your company is registered, you can open a merchant account in the name of the company. It is mandatory to get the tax registration number.

2. Tax registration

Tax registration is also a mandatory step, which you need to take before you start selling online. You need GST registration regardless of where you are going to launch your operations and what your demographics is. Just make sure your tax registration is done.

3. Documentation

You need to have some other documents ready with you as well. Some of these are required by your local government bodies. So, environment clearance, bank documentation, and text certificate in case of proprietorship are some of the documents that you need to arrange first before your company is incorporated.

4. Payment gateway

If you are going to launch your own website or eCommerce store, then arranging the payment gateway that can integrate into your website is a must for you. Without a payment gateway, you will not be able to receive payments from your customers through debit cards, credit cards or Internet banking. These days some other popular modes of payment are also allowed by payment gateways such as RuPay, EMI and digital wallets etc. A good payment gateway will transfer this amount within 24 hours directly into your merchant bank account.

 

A Guide To Choosing The Best Payment Gateway For Ecommerce

With ecommerce websites gaining immense popularity over the last decade, customer expectations from an ecommerce site have also increased. This, in turn, has led to an improvement in several functionalities of the ecommerce sites with respect to all areas, and especially payment. If you are an ecommerce entrepreneur, you know how important it is to have a good payment gateway for an online business. Without a proper way to accept payments or make transactions, an ecommerce business cannot taste success. If you are not sure about how to get the best payment gateway for ecommerce, here is a quick guide for you to follow.

 

 

Modern vs Classic Payment Gateways

At the basic level, all payment gateways should execute the primary functions like verifying each customer’s billing information, verifying funds, approving requests, and letting you make your payment. However, the modern and classic payment gateways work differently with each having its own pros and cons.

The modern payment gateways are the ones that do not require a merchant account. The biggest advantage of these is that you are not required to change the bank accounts to get up and running on the payment in almost all situations. Integrating these gateways with your store is also pretty hassle-free. However, the modern payment gateways charge relatively higher transaction fees while also sending customers off-site to make a payment.

The classic payment gateways, on the other hand, are often considered to be the best payment gateway for ecommerce. Though they require a merchant account and take more time in setting up, they are more reliable for businesses in the long run. Their per transaction fee is also less.

Consider The Level of Integration

While you try your best to find the best payment gateway for Ecommerce, do pay importance to the level of integration. An integrated payment gateway typically connects to your Ecommerce website by means of the API, provided by the gateway. A higher level of integration ensures that the customers are not redirected or requested to leave the page while shopping online. Integrated payment gateways offer a smooth and seamless transaction experience to your customers.

Look For An Automatic Billing Support

Certain payment gateways accept automatic payments for recurring plans. This automatic billing support is essential if your ecommerce store offers subscriptions or gives your customers the access to content via paid memberships. In the absence of an automatic billing support, your customers will need to renew their plan each month, which can be quite tedious.

Review The Entire Purchasing Process

With respect to your choice of the right payment gateway for Ecommerce, engage in a quick review of the entire process from beginning till the end that this gateway will facilitate. Going through the process yourself can give you a clear idea of how your customers will feel while making their payments.

Choosing the best payment gateway for ecommerce is a crucial decision that ultimately determines the success of your store. Follow this guide to make a worthwhile decision.

Confused About Choosing The Best E-commerce Payment Gateway For Your Online Business? Here is how

When you are running a business of your own, there are so many things that you need to consider. And when it is an online business, then there are a lot more things to consider. One of the most important things that you need to comcentrate on when you are having an online business is the selection of ecommerce payment gateway.

 

 

Many businessman feel that it is going to be pretty easy to select a payment gateway, but the fact here is there are so many payment gateways, that it can get really hard for you to choose one from so many options. Some of these are so beneficial that they help in increasing your business, while the other can end up with loss of money. So, you need to be very careful while choosing the payment gateways for your online business.

Here Are Some Suggestions From Our Experts Who Can Clear The Confusion That You Have in Your Mind About Choosing An Ecommerce Payment Gateway.

Simple Steps For Integrating in Your Online Store Website –

Yes, you should be choosing a payment gateway which can be integrated with ease to your website. When you are able to integrate it with ease, then you will be able to use it with ease as well. When it is taking a lot of time for its integration, then it means that it is going to be complicated to use the payment gateway for your online business.

Many Different Option On The Cart 

Yes, when the cart has a lot of options to choose and modify the cart items, then the customers will feel happy and easy to use the online store website. You should be able to modify the size, quantity and many other things like saving the cart for later checkout. All these features are going to be helpful for the business owner in increasing sales and for the customers as well.

Other Extra Options 

Along with so many options like easy integration and cart options, you should also be able to get some extra options on the online store website like the advertising options and the SEO options. With this you will be able to get great success in your business.

No Hidden Costs or Fee 

All the costs that need to be paid are to be told in advance.There should not be any hidden costs or extra fee involved. All that many people are worried about is the hidden cost or the extra fee. Do not forget to check about this feature before you go for it.

Accepts Many Payments and Many Currencies 

The ecommerce payment gateway that you are choosing should be able to accept many payments at the same time from many customers. Along with that it should also be able to accept different currencies at the same time. This is going to help in expanding your business even world wide.