Category: business

Ecommerce Payment Processing Solution Can Streamline And Expedite Payments In Your Industry Vertical

In the United States, it is predicted that in 2022, more than 80% of transactions will not include cash. Additionally, it is predicted that online payment transaction values would increase by more than 15% between 2020 and 2025.

A eCommerce payment gateway can streamline and expedite payments in an increasingly cashless society where most payment services are carried out online or through credit cards. This benefits both customers and businesses.

Payment gateways are a type of merchant service that handles credit card processing for both traditional brick-and-mortar establishments and e-commerce websites. They might be viewed as the electronic equivalent of a cash register. However, it must be practical and safe, just like any cash register.

It is crucial to comprehend how payment gateways operate, what to search for, and what possibilities are available before choosing one.

What is the function of a Payment Gateway?

Whether you are purchasing anything online or at a physical store. A payment gateway serves as the main component in the payment processing system.

The front-end mechanism of a transaction is what gathers, transmits, and authorizes client data in real time to a merchant’s bank, where the transaction is subsequently processed.

eCommerce Payment Processing Types

Payment gateways often come in three different categories:

In-person payments

The benefits are now reversed; you’ll have more authority and responsibility.

The checkout procedure and payment processing are handled entirely through your system in large-scale organizations. It frequently use on-site payments handled on their own servers.

Every factor matters if you process payments on-site, and every enhancement to the customer experience can have a significant impact on your bottom line. This is especially true for retailers with high sales volumes.

On-site checkout with off-site payment

With this approach, the front-end checkout will take place on your website. But the back-end payment processing will take place at the gateway.

Similar to redirected payment gateways poland, this technique can streamline the payment procedures while enhancing back-end security.

The drawback is that you won’t be able to fully manage the user’s experience via the payment gateways. If you want to go this path, make sure you have faith in the payment gateway’s security.

Redirects

Redirects frequently offer options for different payment options, like a business permitting PayPal. A redirect occurs when the gateway directs a consumer to the PayPal payment page to finish the transaction.

A Redirect gateway enables a small firm to include the ease of use and security of a larger platform. Redirects have the advantage of being simple for the store. But they also entail less control for the business and require customers to take an extra step.

Payout Gateways Restrictions

Not every payment gateway is created same. You must be aware of and willing to accept some restrictions when selecting a payment gateway, many of which are built into the system itself.

Take a closer look at the following:

Rarely do gateways allow all kinds of cards or payments

Although many suppliers of payment gateways prefer to push the versatility of their products. They frequently don’t mention the instances in which they can’t take payments from particular card issuers and processing portals.

Make sure you are aware of the requirements for your consumers, the restrictions, and the exclusions before choosing a payment gateway.

Customers from abroad might not have a eCommerce Payment Gateway

A merchant’s payment gateway must be compatible with a variety of online retailers and payment systems if they want to reach a large international audience. For instance, Alipay is far more widely used in China than payment methods that US clients may be accustomed to.

Additionally, costs may be higher for customers from abroad. For both domestic and foreign transactions, many payment gateway providers impose flat transaction costs; however, some levy higher fees for cross-border transactions.

Think about integrating other technologies into your e-commerce platform so you can accept payments in 25 different currencies with a fully localized international checkout procedure.

Security holes

Security has to be the first priority in a world that is becoming more and more digital. A recent study found that almost two-thirds of customers would cease doing business with a retailer who had experienced a security breach.

There are a few security flaws you should be aware of even if a good payment gateway should be secure:

Data breaches: The majority of payment gateways use TLS encryption to protect sensitive processing data, such as credit card numbers, however once the data is on a server, the server itself continues to pose a danger.

Issues with mobile payments: Even though you have a lot of security under your control throughout the transaction, you still have no control over who has access to your customer’s mobile device.

Malware: Malware that reads passwords and compromises user accounts can transmit transactions through secure payment gateways that appear to be legitimate even when they are actually fraudulent.

A secure Payment Gateway for eCommerce Poland to select

There are several factors to take into account when choosing a payment gateway, but none more so than security. In a study by Experian, 55% of consumers rated security as the most crucial element of their online experience, and 49% wanted companies to make their online security more obvious.

What Methods of Payment Do Your Customers Use?

It’s one of the first questions you should ask: what payment methods do your customers already use?

You’ll encounter fewer problems and potential security risks if you stack your payment gateways and facilitate a payment type they can use.

Will The Instantcharge Payment Processing Work With Your Current Technology?

Before choosing a payment gateway poland, consider how well its APIs will integrate and work with any existing technology platforms you use. Choosing a gateway that is distinct from your solutions will only complicate and slow payments.

There are numerous customizable gateways such as Instantcharge available that can be easily integrated with your platform of choice. Choosing one of them will make your life and the lives of your customers easier.

Read More Blog: Best Payment Gateway Integration Drives Robust Payment Processing Experience

Payment Gateway Integration Drives Robust Payment Processing Experience

Finalizing a Payment Gateway for eCommerce business is the final stage of a merchant’s journey and is possibly one of the most influential deciders of whether or not they are moving to buy the products in the shopping cart. Online payment processing becoming a benchmark for today’s online buyers in Poland. eCommerce businesses have to concentrate on adjustable, quick, and safe payment gateway integration solutions. So that buyers will not have to examine here and there to complete their in-store journey.

For any online business or website that has an expandable future. And it is essential to consider promoting an eCommerce system in which customers can purchase academic products or services, software, product, or any goods at maximum comfort. The most typical way to transform a simple website into an eCommerce platform is to use famous plugins such as Magento, WooCommerce, OpenCart, Prestashop, etc. Having a reliable payment process causes your eCommerce store deserving of huge usability and reference for your online customers.

But, what precisely should a merchant or an eCommerce business owner ponder over before counting an ingenious payment gateway? You will understand more about this question as you examine the entire blog.

How do you Comprehend the Payment gateway for eCommerce

If you are yet to share the outcomes of creating an eCommerce business. However, this is the first and greatest point of reference. Primarily, a payment gateway for eCommerce is comprehended as a third-party transaction service. But it is not just restricted to this generic performance.

A payment gateway is an online payment service provided by any eCommerce retail store that ascertains and processes. And authorizes debit card/credit card transactions or direct internet banking transactions delivered if they have a safe internet connection.

Payment gateway Poland is Significant For Your Business

Integration of Payment Gateway Poland allows and approves the secure payment transaction between eCommerce business merchant and their buyers. This is the ideal solution that processes many modes of online payment. Also developed to satisfy the objectives of permitting customers to purchase their favored product without the requirement of quitting their assumptions.

Acclimating all of the customers’ needs into one perfect shopping podium functions marvels for merchants. Contemporary tech-savvy global buyers move towards online payments and adore unique methods of shopping. The largest business criteria such as customer investment, business development, bounce rate, and customer retention rely on functional productivity and the selection of integrated payment gateway facilities.

While check-out points will be easy for your buyers. However, by not having a featured payment gateway you will renounce a competitive benefit among your close e-commerce competitors.

Always Emphasize Multiple Payment Choices

Previously, online wallets and third-party integration emerged in the eCommerce world. So, online buyers did not have a lot of options to make buys besides using their own credit/debit cards. But now, technology has granted incredible solutions. So, customers have developed their anticipations from online businesses.

Because of the high request among end users in Poland. Moreover, it is critical for local merchants and eCommerce businesses to deliver a sort of options for online payment. For example, InstantCharge provides outstanding service. But still, not everybody in the world prefers just one option.

There are many more on the list. The cause why eCommerce businesses must regard the concept of having more and more choices for buyers is that consumers have the ability to transform the game of your eCommerce business. So, if you miss counting a pair of payment choices that some customers select more than others. Moreover, there is a possibility of yielding a lot of business.

Selecting The Correct Payment Gateway Integration

Since the payment gateway integration solution is moving back to selecting your customer’s curiosity about your online benefits. And selecting the correct method to integrate it is essential. 3 primary choices are:

  • API integrations
  • Payment mode
  • Plugins by famous shopping platforms

Being an IT specialist, you would understand all about integrations of APIs and how they function for any eCommerce store. API is not just restricted to integrating payment gateway successfully. But it also comprises customizing a payment method on your website where site adventurers will provide their payment/account details.

Yet, the main disadvantage of having such a payment gateway system is being ready for amazing time consumption and cost of performance. The integration of API profits in this zone and ensuring the payment form establishes an increase in the conversion rate by decreasing examples of diverting traffic to unknown pages for the objective of payment. In this way, the process contains only a few essential steps. And which undervalues cart desertion and enables them to do more fast purchases.

Payment Mode

A payment method could be a sensible solution in case your IT team has modest experience or you are not familiar with detailed programming issues. It preserves a lot of time for designers and exempts you from the necessity of having expanded experience in payment form integration.

In this procedure, Users are usually moved to a third-party payment gateway website. Moreover, where they will be required to fill in details concerning amount, currency, return address, transactions, and security code. The website owner has to ensure that the entire procedure is flawlessly executed and customers arrive home to the merchant’s website with safe transactions.

Plugins

eCommerce store has transformed a lot in its offerings ever since its beginning. And now a day you can have further options for payment gateway if you are operating a ready-made shopping platform (Magento, OpenCart, Prestashop, WooCommerce, etc).

Integration of plugins for ready-made payment modes is an evolved solution chosen by many US online business merchants. It assists you to save both necessities of an eCommerce business: integration procedure time and asset of funds. All it carries is a couple of clicks to establish those convenient plugins.

Requirement For Personalization and Expert Programmers

Plugins need you to take an alternative to their developers whenever there is a difference in their coding or range of enhancing customers’ shopping experience inside the store. This is primarily essential when you are managing international buyers. It is in your best curiosity to cooperate with a programming specialist or outsource the job of perfect integration and its future personalization to the professionals in the business.

API programmers are your best option to complete the work in a lower time period and with excellent accuracy. You can confer with InstantCharge payment gateway specialists who have plunged more in-depth into eCommerce store enhancement and evolution. We know everything about the Poland business market and how its buyers reach online space for shopping. By delivering fast, flawless, and quick payment gateway integration. We also ensure your options will not flow to your rivals in frustration.

Factors to Keep in Mind for Selecting the Best Payment Gateway Provider

These are some major factors to consider before opting for the best payment gateway provider:

  1. Pricing Structure
  2. Easy Payment Gateway Integration
  3. Security
  4. Customer Service
  5. Recurring Billing

Enhance Your Business with the best Payment Gateway Integration

Take time to do the study and read your thoughts in order to prefer the best payment gateway integration. InstantCharge is a business-friendly payment gateway service provider that delivers multiple payment services. It is also comprising round-the-clock support.

Contact us anytime or visit our website if your business requires more transparency on payment gateway integration services.

Best Payment Gateway Poland

Prefer The Best Payment Gateway Poland For Getting Incredible Boost In Your Business Sales

Today, it is evolving more and more famous to shop via smartphones. Glancing at the system of eCommerce retail deals. You will see that most of all deals in Poland are via mobile phones.

As per the research, 52% of all eCommerce deals will perform via mobile devices by 2022.

After all, as proved by the details of various researches, an inappropriate and harmful payment system causes customers to conduct investments from your opponents, even if your product is more useful. But incorporating a secure payment gateway Poland is not a very simple procedure. There are various aspects to regard. Payment gateways must be safe, also contain various payment methods, as well as keep the capacity to pay via multiple currencies.

What Is Payment Gateway Poland?

Before you know how to get a safe payment gateway Poland to assure secure payments. So, let’s discuss what exactly payment gateways are and why they are so essential.

A payment gateway procedure implicates confirming the buyer’s bank card details. Also assuring the presence of funds, and enabling the merchant to accept online payment for a product or service. This specific technology functions as a bridge between a merchant’s website and its acquirer bank. Another part of the secure payment gateway is the protection of the personal data of the buyer’s credit card to allow the unidentified transfer of the buyer’s data to the acquirer’s bank.

The payment gateway Poland procedure functions as a mediator between customer and merchant, delivering safe payments. Having a protected online payment gateway facilitates the procedure of executing the essential software for merchants many times. As mentioned earlier, this technology also handles the buyer’s personal details, like credit card number, expiration date, and CVV code.

Why do Businesses Need a Payment Gateway Poland?

But yet, why should you prefer a safe online payment gateway if it only functions as a mediator? The issue is that protected payments via a website or program do not function similarly to via a terminal in a traditional store. It is incredible to physically swipe a bank’s credit card via the terminal, you can only depend on the details of the credit card that the buyer provides on the payment page.

If you do not use a secure payment gateway to process your online payments. Then it will be much easy for fraudsters to acquire access to your customer’s bank card details. And which will make your business very helpless and generate uncorrectable harm to your prestige. By preferring a secure payment gateway Poland. You can also keep your buyers’ bank card personal information out of hazard. In addition to guarding against fraud, the secure payment gateway also saves merchants from vanished credit cards, inadequate money, locked accounts, or surpassing credit limits.

How to Make the Payment Gateway Poland Safe and Secure?

Payment gateway Poland must assure that merchants always accept funds from customers upon the asset and that they do not have to be concerned about credit risk and the chance of fraud. Still, it is almost inconceivable to entirely prevent fraud. Fraudsters always enhance their payment modes. And thus such a tragedy can happen to anyone.

SSL for Protected Connections

Every online transaction that occurs via your business’s website or mobile application must be secured by SSL. With the support of SSL, it becomes feasible to protect the personal data of your buyer’s bank cards. And forms this information saved from scammers. The benefit of such technology not only improves the security of transactions but also forms customers more willing to purchase. SSL displays by a padlock symbol in the address bar, and web addresses begin with HTTPS. When a buyer watches this icon, he satisfies that he can securely conduct purchases via your online website and not bother about the protection of his data.

PCI DSS Certificate

When processing payments on your online website, you will require PCI DSS certification. The Payment Card Industry Data Security Standards (PCI DSS) contain policies that merchants must obey to save confidential user data when processing online payments. Some of the needs of this measure contain:

Use a verified payment platform at the point-of-sale or an eCommerce website shopping cart;

Do not store confidential customer details on computers or mobile devices;

Protect communication of customer data across any available public networks.

Use a firewall on networks and devices

Instruct workers regarding security standards, like protecting customers’ payment data.

Merchants can also reject it up to the payment gateway to obey the industry security measures and deliver data encryption, which is needed by PCI DSS. That is why the merchant can be convinced of a secure payment gateway if he connects to these security measures. Thus, payment gateways function as third-party payment services that deliver merchants the updated and most excellent security standards they require.

Tokenization 

Tokenization substitutes all confidential customer data with a group of characters that can render erratically. The benefit of this technology particularly decreases the risk of data failure. One of the best security methods is to prefer a token, which is a genuine bank credit card number. After the online transaction, the buyer’s personal data is transmitted to a particular server, where they are securely kept. Along with this, the merchant accepts a unique number. Preferring this number, the customer can complete purchases on the eCommerce website or in the program. He does not have to provide all his data again. So, he can perform transactions in just a single click.

Conclusion

It’s worth noting that there are various rules and regulations that both merchants and customers should pursue to protect their online business and bring out secure online transactions.

As for buyers, they should review the eCommerce websites on which they conduct buys so that their personal details do not reach fraudsters. It is also essential to provide only the details that are associated with a credit card and in no case send inspected documents or documents of bank cards. It is generally challenging for businesses to invent their payment gateway themselves. Today there are most businesses involved in financial software development. But not every business can deliver the best payment services and make a really quality product. If you prefer integrating a secure payment gateway Poland. So ensure to work with a professional software development merchant such as InstantCharge. We have many years of experience assisting businesses to protect their payment processing and would be delighted to function with you on your business. Contact InstantCharge now and we will analyze your business requirements in detail.

Global Payment Online

Global Payment Online Provides Shortcut To Your Online Business Growth

The global world keeps flowing by global payment gateways. And payment gateways allow customers to make fast, and flexible. And it also helps in accepting online global payments and securing payments online with a reliable system.

In this blog, I will take you through the ins and outs of a global payment gateway. And we will discuss its contribution to moving your business towards success and accepting global payment online.

What Is a Global Payment Gateway?

A global payment gateway accesses and transfers payment data. It performs this process from a customer to the payment acquirer.

It verifies the customer’s card details securely to check if the transaction amount is available or not.

And to increase security, the payment gateway encrypts customer data. So, credit card data is confidential and transmits safely from the consumer to the acquiring bank. And then they will reach you finally. The payment gateway is usually a door between a customer and your merchant account in the process of accepting global payments online.

Because it is part of international payment methods. And that is available for businesses and customers.

What You Will Have To Understand About Global Merchant Accounts?

If you are reading about accepting global payments online with the help of global payment gateways. You will surely come across the term merchant account. So what does it mean and how does it work for you?

You will get a global payment online Poland from an international PSP (Payment Service Provider). High-standard banks may also provide you with a merchant account.

Because a merchant account and a payment gateway are not the same things. But you will have to get both of them for accepting payments from your customers. Here are the differences.

  • Merchant Account. It is a type of account where funds are held before being deposited in your account.
  • Payment Gateway. The global payment gateway authorizes or rejects an online transaction.

So a merchant account is a bank account that allows customers to receive payments. But don’t think that this is a business bank account. It is just a place where funds are deposited. And merchant providers have some strict financial regulations to follow. So InstantCharge’s gateways will also allow you for international and multi-currency accounts.

By having a merchant account. You can accept payments from all over the world and in different currencies.

What Is The Global Payment Method?

Global payments are a pack of APIs (Application Programming Interfaces).

And by having all of them, as a merchant, you can process and manage your transactions with APMs (Alternative Payment Methods).

And these alternative payment methods for global payment services comprise.

  • eCash
  • Net banking.
  • Direct Debit.
  • Digital wallets.
  • BNPL (buy-now-pay-later).
  • In-app payments.

All these payment methods are different from traditional payment methods. Like paper cash or via debit/credit card.

And thanks to the digital era, these alternative methods are highly secure and available. And that allows global transactions across previous unreachable zones. Moreover, that will help you to grow your business by taking global payments online.

How Does a Global Payment Gateway Function?

A global payments gateway performs these steps. And that allows a customer to complete a transaction.

A customer chooses the product or service they need. And that takes them to the checkout where they will need to enter their payment details.

  • As it is an online order. So the details are encrypted and then sent to your website server.
  • Then the encrypted data is then forwarded to the payment gateway.
  • And at that point, the transaction details are sent to your bank and then sent to your card association (as visa, MasterCard).
  • And then the bank receives this information and performs some security and fund checks.
  • The bank then forwards the information to the payment gateway. And that sends the data to your website.
  • And on the website, the data is processed and then sent back to you and the customer.
  • After checking if the funds are available. The funds are transferred and the transaction is complete.
  • And that will take place in around four to five seconds for local or international payments.
  • And it is an ultra-fast method that allows eCommerce businesses to grow in the digital era.

Which Is The Best Global Payment Gateway?

It depends on your business requirements and what you want to provide to your customers.

Most of the best payment gateways will allow your customers to securely pay on your website. Because they also offer a trustworthy user experience.

You will have to look toward these factors when going to choose a payment gateway. You will need a global payment gateway platform that offers you.

  • Reassurance for customers when they are going to purchase anything online.
  • Flexible payment plans according to your business’ budget
  • High-security standards.
  • Fulfill local, and international financial limits.
  • It helps in scaling up the opportunities internationally.
  • Trust international buyers who are using your store.
  • You can be able to deal globally.
  • InstantCharge delivers in all regions for your business. So let us explain how you will take advantage of increasing your sales.

How Does Instantcharge Support You In Your Business?

You can save time with an easy integration process by using InstantCharge. And with no need for coding experience. Because our platform will provide you with an excellent online checkout. So it is simple to set up and provide your business with these features.

  • Our platform helps you to generate the PAY buttons, where you only have to copy and paste HTML into your website.
  • Multi-currency payment processing.
  • Integration of our popular checkout page on your site. So that we can take care of your customer’s transactions.
  • Setup recurring billing payments with our subscriptions.
  • Secure payment processing
  • Exclusive business features
  • It provides an increment in your revenue.

You can also find InstantCharge’s pricing plans to see the charges applied. Because the fees may differ according to your business type. But we ensure you in improving the ROI of your business.

Why Prefer Instantcharge?

Let’s try InstantCharge once and take benefit of a global payment gateway that will help in expanding your business and accepting global payment online.

It is the correct area with many online payment solutions. If you have any issues regarding a global payment gateway? Please ask and feel free to reach us. Our payment solution support team will consistently be there for you.

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Payment Gateway Provider Delivers The Best Online Payment Services

Nowadays eCommerce business is rapidly growing in Poland. Most small and big merchants are shifting their business online. So if you are thinking to start your eCommerce business. You will require a payment gateway provider for accepting online payments from your customers.

A payment gateway not only allows you to accept online payments. But it also lets you manage your transactions easily. And track your sales volumes. With a lot of information available on the internet, selecting the right online payment providers for your website can be a little confusing. So let us understand the concept of a payment gateway.

What is a payment gateway?

A payment gateway functions as a mediator between a merchant and a consumer. And that allows the customers to make the payments by providing payment options. It is a third party that enables the customer to pay. And it allows the merchant to accept payments in a safe and secure environment. It is like how you make the payment at any physical store by swiping the card. And now you are making a digital payment on the website.

What is the Procedure of a Global Payment Gateway?

  • When a customer clicks the buy now button, an order is placed on the website.
  • And then merchant sends the order information to the global payment gateway. The customer makes the payment with their choice of payment mode. The transaction is connected to the payment processor for authentication.
  • After successful authentication, the issuing bank will authorize or decline the transaction. And it depends on the funds available in the customer’s bank account.
  • Then payment gateway forwards a message to the merchant.
  • And after that, the issuing bank settles the amount with the payment gateway. Then the amount is settled by your payment gateway.

While You Are Going To Choose a Payment Gateway Provider. There Are a Few Parameters that You Should Keep in Mind.

Some necessary parameters while selecting a payment gateway provider are as follows.

1. Onboarding Time. Getting started with all the formalities of the payment gateway of your eCommerce business cannot be a hurdle. And there are some payment gateways with a time-consuming onboarding process. That will take around one month to approve your merchant account. Sometimes you may have to provide a long list of business proofs or physical documents. So if you are new to the eCommerce business, the delay may affect your sales volume. You will have to choose an international payment gateway provider that has fast onboard services. As it almost takes less than a week to approve a merchant account. And the document submission and verification process should be online.

2. Online Security. Nowadays, many online frauds are increasing rapidly as data breaches. Identity theft, and hacking as well. So, it is necessary to ensure the payment gateway. What you are going to use provides high-level security also. You should audit all the security measures that will prevent any fraud. The one thing that should be on your checklist at first when you are looking for a payment gateway is the PCI DSS certificate. Because a PCI DSS compliant payment gateway will provide you with a valuable feature. And informs customers about their safety in transactions of your business.

3. Easy Integration. It is essential to check if the payment gateway supports your website or app platform.

Does it consist of a plugin for your shopping cart?

Does it include mobile SDKs for your app?

Do they provide you with technical assistance? If your payment gateway includes all these features, you can continue working with it.

4. Payment Modes. Having various payment options makes it easy for your customers to complete the transaction in their desired mode of payment

Let us Explore Some Additional Factors that You Will Need to Consider:

1. Settlement Period. The settlement period is the duration within which a merchant receives the money. That a customer pays for the purchase made on the eCommerce store. You will have to discuss your settlement period. But may you will have to pay extra charges if you want that your funds are settled in less time. Most payment gateway providers have a settlement time of T+1, T+2, T+3, and so on. And T stands for transaction date plus no. of days.

2. Customer Service. If your account is approved, and you have done with the integration of the payment gateway on your website. But what if you are stuck with an issue and unable to get support from your payment gateway provider? Then your payment gateway provider should provide you with customer service to solve your problems. They should be available 24*7 via email and chat. After all this, the customer support team can make or break the company’s reputation.

3. Costs. Your last priority should be the cost of your payment gateway. So you will need to compare the pricing of all the gateways and then find which one is affordable or fits in your budget. Some payment gateways charge annual maintenance fees and set up fees. You should ensure that there are no hidden or e0xtra charges. Because they can impact your profit margin. And you will need to research if they provide any personalized rates for particular transactions.

Conclusion

InstantCharge has all of the above features in its payment gateways. And more than you will require to accept online payments for your eCommerce business. For more information, you can visit our website and contact us anytime. You can acquire your online business with suitable payment gateway providers that can deliver the best payment services.

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Payment Gateway Integration For Your eCommerce Website

Accept Global Payment Online With A Global Payment Gateway Solution

Payment Gateway Russia Global Payments Effortlessly

Card payments are attaining speed and most people are becoming banked. Local eWallets are most preferred in the CIS region, surpassing global merchants. Online banking has extended into a new sensation, with eCommerce being a feasible alternative.

Although in past was a cash-oriented culture, local customers in Russia slowly become more satisfied with advanced technologies and assured of their security. The federal eCommerce market is predicted to expand.

As per the Statista forecasts, COVID-19 will entirely affect the Russian eCommerce market value in the next 5 years. However, between 18 and 26% development in value as compared with the baseline strategy without the pandemic.

What Is An International Online Payment Gateway?

In a world where cross-border and online transactions are turning to the usual, the confidence that you will accept online payments for the products or services you are dealing with is crucial. A global online payment gateway enables merchants to take card payments that have already been confirmed and approved. Without approval from the payment gateway. Your customer’s card information will decline. And the transaction will not complete until an approved payment method has been preferred.

Alternatives To Payment Gateways

eWallets offered by InstantCharge are a good alternative to payment gateways.

An eWallet is a sort of electronic mode that is useful for online transactions and also for depositing, withdrawing, and conversion of your funds. By using an eWallet all of this processes easily via a mobile application. Customers can deposit funds into their wallets with the help of various payment methods.

For instance, We deliver the following options to customers.

  • Visa
  • MasterCard
  • UnionPay China
  • Net banking & UPI
  • eNETS
  • Alipay
  • Dragonpay

e-wallets are advantageous in several ways.

  • Decreases chance of fraud
  • Save time & efforts
  • Shop online on the go anytime & anywhere
  • Accept rewards and cashback
  • Provides loyalty cards and gift cards
  • Lower fees
  • Several deposit and withdrawal methods consist of support for both fiat and cryptocurrency

Why you should prefer an online payment solution to do business in Russia?

The probable market for online shopping in Russia is tremendous. High internet perception rates merged with brands embracing a strong social media existence have resulted in promontories that the e-commerce perception rate in Russia will acquire 62% by 2023.

There are presently 62.9 million online customers in Russia and in 2023, they put 883 million online orders. Statista’s Digital Market Outlook predicts the number of online customers in Russia will boost to 73.1 million by 2025. If they shop at the same ratio as existing customers, we could see more than 1,000 million online orders in Russia in 2025.

Clearly, the possibility of evolution is tremendous. In 2020 the Russian e-commerce market was about 2.7 trillion RUB. But it launches to reach more than four times that amount, 10.9 trillion RUB, in 2025.

To focus on this potential, merchants require to have a quick, safe, and cost-effective mode of assuring they accept the online payments for their online deals.

What’s Essential When Selecting a Payment Gateway In Russia?

Assume you are a Russian-based merchant searching for a payment gateway or an international business with shoppers in Russia. In that scenario, there are various things to take into contemplation when determining a payment gateway service for your business:

  • Safety: Online transactions can be an appealing prey for hackers or fraudsters, so the safety of your online payments is crucial. Your customer’s payment information requires to be maintained securely and you will have to be confident that you will accept the funds due to yourself. Hence, you must only prefer payment services that deliver high security and anti-fraud standards.
  • Cost: There is a variety of transaction fees to regard, and many payment service providers will assess minimum and maximum monthly transaction volume limitations. eWallets do not have limits on transaction volume and charge excessively low or zero fees.
  • Speed: You don’t like to renounce customers because of a slow checkout procedure. It must be quick, specific, and adjustable. Ensure you prefer a payment service that enables customers to settle transactions in their desired language, native currency, and via local payment methods.
  • The comfort of withdrawal: The best payment gateway Russia also creates it effortless for merchants to withdraw their money.

Why Should You Choose a Payment Gateway Russia?

Moreover, we deliver a secure and easy way to get your business set up with a quick, adjustable, user-friendly alternative payment gateway.

  • Secure: Merchants and customers are observed with strict KYC (Know Your Customer) and AML (Anti Money Laundering) checks. However, all payment transfers are safe and compensated, so chargeback chances are limited on the payment platform.
  • Quick: The best payment gateway Russia delivers an easy-to-use and suitable way of managing incoming and outgoing payments. There is a variety of payment kinds received comprising MasterCard, UnionPay China, cryptocurrency, visa, net banking, and bank transfer. The set-up time is fast and easy, with validation and particular merchant IDs that enable the design of multi-currency funds.
  • Availability: It is available in more than 110 countries and sustains transactions in 29 fiat currencies. Its interface functions in more than 20 languages and all transactions can be handled on the action with the mobile app.
  • Local payment methods: Russian customers can use its local bank wire option to withdraw funds from their payment gateway accounts quickly and cost-efficiently.
  • Cashback: Payment gateway Russia delivers cashback services in collaboration with forex and betting merchants.

Local Bank Wire Feature For Russia

A local bank wire enables you to accept funds to your local bank account in your native currency, a feature that is delivered by your payment gateway Russia. With the help of this feature, you can prevent time and funds as it removes the requirement for an intermediary bank. An intermediary bank would also charge you 3-4 days processing time and higher transfer fees (7%), while with your payment gateway Russia local bank wire feature it’s a one-day procedure time and fees are much less than (1~2%).

So, click here to explore more about InstantCharge local bank wire service.

If you are willing to begin accepting online payments safely and cost-effectively, get the best payment gateway services in Russia today.Apply Now

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Accept Local Payments, eCommerce Payment Processing, Accept Credit Card Payments Online, Accept Online Payments

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.

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