Month: May 2022

Everything You Need to Know About Accepting Online Payments In Poland

Payment Gateway is a pathway that safely streamlines payment processing and accepting online payments in Poland. The payment gateways process confirms and approves or refuses the payments by using an ensured internet connection. The payment transfers between the merchant and the customers are taken via a secured payment gateway. In Poland, there are also various payment methods approved for eCommerce but online bank transfer is always on the head.

Poland has exceptional scope in the eCommerce industry and the digital marketplaces are increasing quicker than before. It is the most secure and professional method to trade in online financial transactions. You are also going to prefer services such as PayPal, Square, and some others. It relies on the kind of website being preferred and the web builder. Your customer’s payment details must be safe, and you will also pay yourself. Even it allows the processing of refunds, returns, etc.

Why Accept Online Payments in Poland?

If you want to smoothly accept online payments, payment processors are the best tool for you. Usually, with security and speed in mind, most payment gateways take less time on payment processing and more time increasing competitive benefits in an oversaturated marketplace.

A payment gateway is necessary both for the customers and merchants because they provide new chances for online shopping securely.

So, if you are already prepared to initiate accepting online payments. In this blog, you will also find everything that you need to know to select the best-suited payment gateway for your online business.

Members involved in Online Payment Processing

  • Customer/cardholder
  • Merchant
  • Issuer/Issuing bank
  • Acquiring bank
  • Card network

Some Features of Payment Methods in Poland

  • 40% are online payment solutions providers with one-click checkout. Moreover, there are many other payment service providers in Poland including PayU, PayPal, Przelewy24, Tap2Pay, InstantCharge, and others.
  • 30 percent prefer classic bank transactions. PKO BP, Mbank, Santander Bank, and Ing Bank are the top Poland Banks.
  • The third primary financial product is BLIK, used by 25% of customers.
  • 16% of online transactions are managed via debit card processing.
  • 18% of eWallets are used for eCommerce.

Features of Payment Gateway Poland

Accept local payments as well as expand globally. Specifically, expand your global market size up to 35% by receiving locally chosen payment methods. Your customers shop internationally and pay locally.

Increment in sales. 41% of customers state that a huge selection of payment options makes it simpler for them to pay more. More payment choices provide an increment in sales.

Improve conversion ratio. Lower shopping cart abandonment with one button that decreases the number of keystrokes required to checkout.

Voice/SMS Fraud Protection. Our voice/SMS verification is a method to recheck that the customer provided his real identity.

Payment Tokenization. Our payment tokenization feature also provides a security layer between you and your customers because no payment details are forward to your system and you keep insensitive details that may be beneficial to hackers.

Black/Whitelisting Features. Additional to the advanced fraud management system, you can also make your blacklists and whitelists, offering you control over who you want to partner with.

Daily Settlements Available. Now, with our daily settlements available, you don’t even need to wait to get the funds in your account, you will get the funds every day.

Widget Based Payment. The flawless payment flow also assures you to keep the customer on your website. However, the simpler checkout procedure refers to an increment in your conversions because there is a decreased amount of abandonment.

Conclusion

Payment gateways facilitate the online payment processing for your online business and help you in accepting global payments faster, easier, and with complete security. Internationally, with multiple payment methods available, choosing the right payment gateway is crucial because it stores your customer’s payment details securely. If you are even thinking to improve the payment services you are already using or need to get a new payment gateway for accepting online payments in Poland, feel free to contact InstantCharge.

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Online Credit Card Processing for Swift and Flexible Payments to Significantly Transform your Business

Payment Gateway Providers Make Online Businesses Convenient

Payment Gateway Poland Simplifies Your Online Transactions

Ecommerce Payment Processing for Procuring Marginal Profits Over Payment Transactions

Businesses are no longer restricted to physical locations to sell their products, provide a service, or accept bill payments. In the age of digitization, the world of eCommerce has enabled business owners like you to expand their reach. With eCommerce credit card processing, you can offer your customers a smooth and secure checkout process. While lowering your costs, reducing shopping cart abandonment, and improving the customer experience.

Start with an online payment processing solution if you are a:

Small Large businesses

You’re not alone if you’re concerned about internet checkouts. If your online payment procedure is clumsy, it may cause an otherwise delighted customer to abandon a purchase just as they’re ready to press the submit button – so make sure it’s done correctly.

It’s critical to create a smooth checkout procedure while setting up your payment method. Customers may abandon your site without hesitation if they are faced with unexpected, last-minute surcharges, unnecessary extra processes, or an insecure payment processor.

In just a few easy steps, you may collect money online safely and easily.

How to collect money online in an E-commerce business?

Online payment collection is a straightforward procedure for allowing contributors or customers to send payments to you via a secure channel. It’s that simple. A digital gateway connects their bank account to yours to complete the transaction.

There are numerous advantages to going digital these days. Consumers are making more internet purchases than ever before. According to Juniper Research, the number of people using digital wallets will reach 4.4 billion by 2025 around the world. Analysts predict that by that time, customers will have spent $10 trillion on digital ways each year, nearly double current statistics.

If you’re not familiar with how to collect money online, start by looking for different online payment providersand apps until you find one that works for you. Some services are more suited to people who are new to the internet than others.

The Fundamentals of Payment Processing

To avoid this, use a third-party integrated payments system to make meeting PCI compliance standards easier.

SMALL AND LARGE ECOMMERCE MERCHANTS ALIKE REQUIRE THREE THINGS TO ACCEPT ONLINE PAYMENTS:

Merchant Account: An account that allows merchants to accept electronic payments from customers. Following the authorization and settlement of transactions, funds from customers’ credit and debit card companies are deposited into this account. Within 1-2 days, the funds are transferred to the merchant’s business banking account. Businesses must first establish a relationship with a merchant services provider, such as Instantcharge, to obtain a merchant account.

Payment Gateway: A technology platform that connects your online store to a merchant services provider. It moves data between the payment processor and the website or mobile device to complete the payment lifecycle.

Payment Processor: A financial institution, such as a credit card services provider, that facilitates the transmission of transaction data between the merchant account, the issuing bank, and the acquiring bank. The processor is in charge of the entire transaction lifecycle. Instantcharge is a payment processor that works with both issuing banks and merchants.

Why do you require a digital payment system?

You’ll need a solution that can accept payments instantly through an online link to collect money swiftly and securely. You won’t have to worry about dealing directly with each customer, disclosing bank information, or otherwise exposing yourself — and your clients — to internet security risks if you choose one of these solutions.

Overall, it is more convenient for both buyers and contributors to collect money online.

How do I pick an Ecommerce Payment Processor?

Aside from obvious factors such as cost and ease of use, there are several other factors to consider when selecting a payment gateway for your eCommerce store.

Assurance of security

The most important is safety. You want your customers to feel comfortable spending money on your website. Make certain that any provider you select adheres to the appropriate security standards. Do you require both a merchant account and a payment gateway, which holds payments until they are approved by the customer’s bank? Some payment gateway providers will also provide this service.

User encounter

Then, how simple is it for your customers to pay? You want to ensure a smooth user experience across your entire website, including the final payment stage. Is the payment gateway compatible with other platforms? Can customers use mobile digital wallets such as Apple Pay or Google Pay to pay?

Customization ability

Some businesses value customization features because they want to ensure that the look and feel of the payment gateway match their branding. PayPal and Authorize.net both provide users with customizable systems, though you may have to pay a fee.

Customer service

Finally, consider the level of customer service you will require. Even the most seasoned eCommerce store owner will require assistance from time to time. This is where providers like Square fall short because they do not provide 24/7 customer support. Other services provide more customer support, both online and over the phone. Of course, the best way to select the best payment gateway for your company is to thoroughly research each provider’s offerings. Let’s take a look at our top recommendations.

How does Credit Card Processingwork in eCommerce?

Customers begin the eCommerce transaction by entering their credit or debit card numbers into the checkout page or form on the website or app, whether they are purchasing a gift, paying a bill, or making an online payment. When they click the submit button, the payment details are encrypted and sent to the payment processor via the payment gateway. The payment processor notifies the card-issuing bank that the transaction has been approved or rejected.

The payment processor then informs the payment gateway of the authorization or decline. The approval or decline is returned to the merchant’s website by the gateway. If the transaction is approved, the customer will receive a receipt or order confirmation, and the funds will be deducted from the customer’s available credit or bank account and transferred to the merchant’s bank account.

Get a Merchant Account or Reliable Ecommerce Payment Processing for Your Business

A merchant account is a sort of bank account that allows you to handle transactions using a variety of payment methods. If you wish to accept debit or credit card payments, you’ll need an account like this.

A payment gateway is a program that you may integrate into your e-commerce or fundraising website. Choose a payment gateway with the same care you would a bank for your business accounts. The payment gateway is a third-party service that connects your merchant accounts and your customers’ payment methods.

Select Instantcharge as your PSP since we have a proven track record of safe transactions

The next step is to put together a payment system that meets your consumers’ demands now that you have a merchant account and a payment gateway for your business. This will differ based on your business.
Instantcharge is recommended for businesses with a physical location. They combine payments, software, and hardware to provide everything you need for online and in-person sales. Our main focus is to allow you to accept payments from any device, thus targeting businesses that require you to Accept Online Payments. Our payment gateway collects payment information from users at the point of sale and works with credit card payment gateways to route transactions directly.

Tags: Payment Gateway Integration, Payment Gateway Poland, Payment Gateway Providers, Accept Local Payments

Choose the Best Online Payment Service Provider to Foster your Business Efficiency and Business Transactions

Can you imagine life without the internet a few decades ago? That is inconceivable to today’s generation. The world is a global village in the twenty-first century. Furthermore, the rise of e-commerce means that you can get whatever you want with the click of a mouse.

The Internet of things is changing the landscape of how we do things as it continues to grow and drive a more connected world. Consumer demands are constantly changing, which causes a chain reaction from merchants to Online Payment Service Providers. PSPs have grown familiar with collaborating closely with PSPs to ensure that merchants have access to the most recent and robust payment systems.

What are the Advantages of Accepting Online Payments for Merchants?

The advantages of accepting credit cards for payment in your business are as follows:

INCREASE SALES

Cash-only operations will stifle business growth and may result in the loss of hundreds of potential clients. When a firm accepts credit card payments, however, its potential client base expands dramatically as more people are drawn in, resulting in increased sales. Remember that the majority of consumers prefer to use credit cards since they are safe, legal, and handy.

REMOVES THE POSSIBILITY OF RECEIVING BAD CHECKS

Accepting credit card payments almost eliminates the possibility of having to deal with issues related to faulty or bounced checks. You won’t have to waste time tracking down the customer to correctly pay for the goods or services, or risk losing a significant amount of money on bad checks.

BOOST YOUR COMPANY’S CASH FLOW

Credit card transactions are typically processed electronically and are likely to be paid swiftly. The earnings are then deposited by the processor into your business bank account within a few days. This will not only enhance and improve your cash flow, but it will also eliminate concerns with client checks, billing, and invoice collection.

Instantcharge is here to assist you in selecting the best payment processor to protect your company from chargeback fraud. Our team is always available to assist you with your payment-related issues. We are concerned about the security of your company. We want you to be free from all fraudulent chargeback claims. As a result, we are prepared to provide you with the most up-to-date data and statistics to assist you in selecting the most accurate payment processor available.

Difficulties in choosing the best Online Payment Service Provider

The convenience and benefits of online payments come with some drawbacks, though the advantages tend to outweigh the drawbacks. Keep the following potential pitfalls in mind as you set up online payments for your company:

Fees. Online payments, unlike checks in the mail, necessitate the use of an intermediary—and that intermediary must be compensated. Payment processing fees will cost you a portion of your revenue.

Data administration. When customers make purchases online rather than in person, the risk of identity theft and credit card fraud is significantly higher (or with a payment method other than their credit card). You will be responsible for protecting your customers’ financial information on your servers if you use a self-hosted payment gateway. You can relieve yourself of this burden by using a hosted payment gateway or a payment service provider.

How to pick the right Online Payment Service Provider for your business?

Check that your payment processor provides excellent fraud detection services. Such services include a platform-based dispute resolution mechanism, blacklisting, and whitelisting customer account numbers, and chargeback loss recovery.

Streamlining a variety of Payment Options

While merchant services evolve to meet consumer demands, payment methods have also expanded significantly into other forms of alternative payments. It’s not just an AMEX, Visa, or Mastercard anymore. Cashless platforms, e-Wallets, bank transfers, and even Pay Later installments are all options for making payments. Any PSP can provide traditional payment options, but a good PSP can consolidate all payments onto a simple, hassle-free platform for you.

Going Above and Beyond

Merchants prefer long-term value-added services over meeting their immediate payment needs. As a result, an increasing number of PSPs are becoming processor agnostic. This is a powerful tool that allows merchants to gain access to the value-added services they’ve been looking for, all under one master umbrella. By partnering with Instantcharge, you will gain access to the right tools to help your business grow in the future!

Everyone’s Safety

Businesses are looking for ways to reduce unnecessary risks as scams and fraudulent transactions become more common. A good PSP should be PCI compliant as well as provide additional layers of fraud protection such as point-to-point encryption, tokenization, and secure hosted payment pages. This provides merchants with the assurance that their data is secure, regardless of where or how it is transmitted. As a result, the merchant can shift their focus to how to grow their business!

Support

Merchants are constantly looking for new ways to keep their customers returning for more. As a result, PSPs must expand their services to meet the needs of individual merchants. Providing new innovative tools like reporting and analytics, along with a strong payment platform, makes a PSP unstoppable. This process is made possible by having a well-known PSP with superior IT teams.

Fraud Prevention and Chargebacks are an Essential Aspects to Consider

Fraud prevention for online purchases is an issue that is gaining traction and importance. What is the reason for this? Everyday, businesses face new threats that did not exist previously. To make matters worse, new online fraud differs significantly from common day-to-day fraud that regular businesses are familiar with.

Fraudulent Chargebacks

Friendly fraud is another term for chargeback fraud. From a seemingly legitimate transaction, fraud typically occurs when the purchaser files a dispute after the sale is completed, requesting a refund or chargeback but failing to return the item. Such fraudulent transactions cost a merchant between $20 and $100.

You can protect your company by taking the following steps:

Put purchasers who request chargebacks on a blacklist. Employ ethical business practices. Provide accessible and dependable customer service. Add automated checks to the order management system. Avoid shipping delays by tracking online transactions.

Why choose Instantcharge?

What distinguishes Instantcharge from the other Online Payment Service Providers on the market?

How does Instantcharge meet the criteria for the ideal PSP?

With years of payment processing experience, we understand the challenges of incorporating payments into market-developed programs and make it easy for you.

We not only provide a wide range of payment solutions, but we also ensure that payment processing is simple! Instantcharge offers a comprehensive business management solution that not only covers in-store but also online, ensuring that your clients are well taken care of.

Our top priority is security, and we will not take any chances with a potential security breach!

We believe in continuously innovating our offerings and keeping our payment solutions relevant and up to date. We go above and beyond to ensure that the client receives tailored payment solutions from the ground up.

Our ongoing sales, marketing, and technical support assure our clients that we are with them every step of the way, allowing them to better serve their clients and increase customer satisfaction.

We cannot emphasize enough how important it is for PSPs to develop strong partnerships to keep up with the ever-changing payment landscape.

Visit More Blog: Online Payment Service, E-commerce Payment Processing, Payment Gateway Integration

Payment Gateway Poland Provides Reliable and Authentic Payment Transaction

Online payments are an essential part of today’s businesses. According to the 2019 Payment Methods Report, global online transactions will exceed $4.6 trillion by 2022, with online shoppers utilizing more than 140 online payment methods, each with its dedicated user base.

Every entity that accepts payments, whether in the form of sales, fees, wages, donations, or anything else, must move beyond cash. However, simply allowing online payments isn’t enough to close every sale. Owners of e-commerce businesses must also make the online payment experience as user-friendly as possible.

Instantcharge is a leading payment gateway service provider in Poland. The company provides services to a wide range of businesses and provides simple payment gateway integration. For better risk management, the Instantcharge payment gateway has its fraud detection system. The system evaluates each transaction’s risk level and recommends appropriate solutions, such as payment blocking.

What Are The Popular Payment Alternative Solutions In Poland?

Electronic wallets

Digital wallets, and emerging payment methods, store customers’ account numbers and allow them to send and receive money online.

According to Worldpay’s 2020 Global Payments Report, digital wallets are now the leading payment method for online transactions globally, accounting for 42 percent of all internet-based payments in 2019.

In China, a digital wallet was used in more than 70% of all online transactions. In comparison, that figure stood at 25% in Germany, 32% in India, and 24% in the United States — but those figures are expected to rise, according to Worldpay projections.

Credit Cards, Debit Cards, and other forms of Payment

Payment cards are the second most popular payment method in the global e-commerce industry. Payment cards include credit and debit cards, as well as less common options such as charge and prepaid cards.

Credit cards are the most commonly used card-based payment method, accounting for 24.2 percent of global online payments in 2019. Debit cards were a distant see alternative in Polandond, accounting for only 10.6 percent of transactions.

The majority of payment gateways have access to popular card networks such as Visa and Mastercard. These payment methods are adequate for getting started, but as your business grows, you may discover that restricting your customers to cards increases cart abandonment rates.

Payment cards are the second most popular payment method in the global e-commerce industry.

Electronic checks and ACH payments

Online ACH payments, which include e-checks, increased by 6.7 billion transactions in 2019. These payment methods are still growing in popularity online, and merchants frequently have questions about them. Let’s define the distinction between ACH and e-checks.

Payment Methods Available Locally

Payment gateways that cater to local preferences, such as online/cash hybrids and bank transfers may be required depending on where you do business. SEPA Direct Debit in Europe, iDEAL in the Netherlands, and Giropay in Germany are some of the other unique local payment methods.

Cryptocurrencies

Cryptocurrencies such as Bitcoin, Ethereum, and Facebook’s beleaguered Libra may appear to be obscure novelties, but people do use cryptocurrencies to make online purchases. According to the Worldpay Global Payments Report, this payment method currently accounts for less than 1% of total e-commerce transactions worldwide — but if your customers prefer blockchain-based digital money, it’s a good idea to find a gateway that will allow you to accept cryptocurrency.

How does Online Payment Gateway Poland handle a transaction?

What is the function of an online payment gateway? The following is how a gateway assists a seller in accepting credit card payments online:

  • A customer chooses an item to buy and proceeds to the payment stage, entering a credit card number and authorizing information.
  • The gateway’s software encrypts transaction data before securely transmitting it to the payment processor, which is typically a bank-designated “acquirer.”
  • The acquiring bank routes the payment request to card processing networks (again, with strict data security). These networks are run by major credit card companies, such as Visa and Mastercard.
  • The card network verifies the card information, which adds another layer of security to the process. The payment request is then sent to the card’s issuing bank.
  • The issuing bank conducts another fraud check and confirms that the customer has sufficient funds to make the purchase. Then it accepts or declines the request and returns the decision to the payment gateway.
  • The gateway notifies both the buyer and seller of the results. If the payment is accepted, the banks involved settle the transaction, which means they transfer funds from the buyer to the seller.

This entire process, from start to finish, is nearly instantaneous. (On the other hand, settlements can take a few days.) The gateway serves as a link between your customers, your website, and the payment networks that enable digital fund transfers.

Design for Mobile Devices

Instantcharge offers one of the most secure Payment Gateways Poland. Suspicious transaction detection software, 3D-secure, and PCI DSS level 1 compliance are all fraud prevention methods.

The company currently processes seven major currencies and can process over 200 more. Currency is converted instantly at the current bank rate thanks to Dynamic Conversion.

Mail us

mcare@instantcharge.co