Tag: Accept Credit Card Payments Online

Payment Gateway Integration On Websites

Various Methods of Payment Gateway Integration On Websites

Accepting an online payment is never a hassle-free task for any merchant. The world is moving toward a cashless economy and the new demand for accepting payments with social distancing forces every business to accept online payments.

A suitable payment gateway integration is essential to accept online payments for your online business. As the demand for online shopping is growing daily, merchants worldwide try to offer their customers more flexible, convenient, and secure experiences.

As a merchant, you ought to provide your clients with a secure, quick, and simple payment method whether you run an eCommerce site or are just maintaining your online presence. Your client’s and company’s needs must be met by your chosen payment method. It must be secure against fraud, accept a wide range of payment options, be user-friendly, and work with your platform.

In accepting online payment, payment gateway integration is vital in keeping transactions safe and secure and making customers happy.

Here, you will learn the way to payment gateway integrations Poland.

What are Payment Gateways?

Before discussing the payment gateway integration methods, we must understand what payment gateways are.

In a simple sentence – A payment gateway is a bridge between the websites and the payment processor. It securely transfers the customer’s sensitive information between merchant websites and payment processors.

Generally, it’s an online replica of the actual point-of-sale terminals you see in retail establishments. The credit card data, expiration date, and CVV code are all encrypted by a payment gateway to ensure transaction security and safeguard your website from fraud.

What is a Merchant Account?

The business owner should have a merchant account to accept online payment. A merchant account is a type of bank account that is used to send and receive digital payments. Acquiring bank offers the merchant account.

Having a merchant account is also challenging as not all acquiring banks offer their services to all types of businesses. On the other hand, the merchant should also submit lots of documents and maintain transparency between their acquiring bank and business model.

Acquiring banks also charge for their services’ financial risks and regular fees.

Payment Gateway vs Payment Processor

Before moving to the payment gateway integration methods, you need to know the difference between a payment gateway and a payment processor.

The key responsibility of the payment gateway is to collect the card information and securely send it to the payment processor, which is the first step of the transaction cycle.

The payment processor securely sends the information and pertinent buyer data from the customer’s bank to the merchant bank and vice-verses; when a successful transaction, the payment gateway notifies the buyer of its outcomes, including approval or rejection statuses.

Different Methods of Payment Gateway Integrations

Let’s go over the four most popular payment gateway integration methods for an online store: hosted, self-hosted, API or non-hosted, and local bank integration.

Hosted Payment Gateways –

While making the payments, the payment service provider redirects the customers to the third-party checkout systems. This type of payment gateway is called the hosted payment gateway. It means that the customer has to shift to some other page to complete the checkout process.

Here, the customer is directed to an externally hosted payment page via a hosted solution to handle the fee from a customer to the merchant. Once the confirmation is done, the customer returns to the website. Then the checkout process is completed.

The most popular hosted payment gateways are – PayPal, Stripe, and Amazon Pay.

Advantage –

• It does not require PCI compliance.

• The entire procedure is entirely adaptable.

• It offers plug-and-play plugins for online businesses.

• The integration process is relatively easy.

• The service provider is in charge of data protection.

Weaknesses –

• It redirected the customer to the external site, which is not comfortable for most customers.

• It has a limited brand option.

• The payment service provider handles the whole process.

Non-Hosted Payment Gateways or apis –

Non-hosted payment gateway is also known as APIs or onsite payment gateway. It allows the customer to complete the checkout process on an e-commerce site using API (Application programming interface).

With this payment gateway integration, the customer does not redirect to another page to complete the transaction process. Using this integration method, the merchant can manage the whole checkout page from beginning to end in a hassle-free manner.

Instantcharge offers non-hosted payment gateways. Merchant can easily use their brand name on the checkout page. You can get all the solutions in one place with Instantcharge.

Advantage –

• Merchant can easily modify the checkout page according to their needs.

• It offers faster checkout operations.

• It is device friendly – across mobiles, tablets, and so on.

Weakness –

• It required technical support and maintenance.

• Merchant has to take responsibility for covering all the data protection concerns.

Self-Hosted Gateways

The self-hosted gateway is an optional, containerized variant of the managed gateway that comes standard with every API Management service. Hosting your APIs and gateways in the same environments is helpful. As a merchant, you can improve API traffic flow and meet API security and compliance standards by using the self-hosted gateway.

This approach is probably the best fit if you expect complete control over every customer’s payment. End-to-end encryption allows all transactions to be accommodated on a website using the self-hosted integration method before being sent to the gateway. The most popular self-hosted gateways are Shopify payments provider by Stripe and Quickbooks Commerce’s B2B.

Advantages-

• The merchant has complete control over the payments.

• Merchant can easily customize their style according to their needs.

• Suitable for user experience.

Weaknesses –

• There is no technical support for it.

• There is the possibility that system failures take place as the checkout and payment processes happen in the same place.

• It is required that you adhere to PCI.

Local Bank Integration –

Here, in this payment gateway integration method, merchants shift funds locally to the customer bank. Once the payment process is completed, the customer returns to the landing page. The landing page indicates a successful money transfer.

Advantage –

• This payment gateway integration is the best option for small and medium-sized businesses that need a single payment.

Weaknesses –

• Due to the basic features, it has a limited user experience. For example – The customer won’t be able to return funds.

How to Integrate the Payment Gateway On Your Websites?

The payment gateway integration process depends on your selected gateways. However, there are some common steps.

For example – If you select the hosted payment gateways, you need to get an SSL certificate, and also you have to connect your websites with the payment gateways. As a merchant, you must obtain the gateway’s credentials, such as merchant ID, MWS access key, secret key, etc.

If you select the non-hosted payment gateway poland, then your priority is security. You should make sure that your security measures are adequate. However, you should be able to do this by utilizing some of the robust APIs and widely accessible modules. You also want to confirm that mobile phone customers can use your payment gateway and that it accepts various payment methods.

Final Thoughts –

Now, you know about the different methods of payment gateway integrations. As a merchant, you can understand that using an unsuitable payment gateway could turn off your customers and result in a loss in your business. Check out what your competitors are using and gauge their efficacy before choosing a payment gateway so you can give your customers the best choices.

A third-party payment gateway poland is the best option for small businesses regarding integration methods. For a more prominent market, it is better to use a customized version like instantcharge.

More Blog: Accept Online Payments with Instantcharge and Ensure Huge Online Payment Transactions for Your Business

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.

Accept Online Payments With An Ultimate Credit Card Merchant Account Solution

Every year it is becoming more typical for online businesses to accept online payments. Most ISOs, processors, and sponsor banks, do not like risks. In most cases, they refuse to provide their services to businesses with restrictions, and that results in only a handful of providers. That provides online services, and finding them is not an easy task.

Ordinary Offshore Merchants

The industry type, online transactions, location, or merchant’s credit card record can influence their business. However, merchants having issues with these factors are considered to be online merchants.

Many merchants have restrictions in the online industry. No matter how strong the business they have and most of them may also assume that they do not have future options to accept online payments. But actually, they are suitable candidates for a credit card merchant account.

Some examples of offshore businesses are as follows.

  • Online dating services.
  • Telemarketing.
  • Online Casinos.
  • Cryptocurrencies.
  • Collection industries.
  • Internet services.
  • Gems and other precious metals.
  • Lead Generation Services.
  • Software downloads.
  • Telemarketing.

How Can You Accept Online Payments?

You will have to submit a short application with previous processing statements. The acquiring bank and provider will then analyze those documents and then only after the approval of pre-application. Merchants will have to complete a full application and that requires submitting a more detailed application with supporting documents.

Documents Mandated For a Credit Card Merchant Account To Accept Online Payments

Merchants must provide information on the application about their business. And details of the services or products that the business provides. The application will also need information such as the business domain, forecasted transactions, and monthly volumes with information on their marketing strategies.

Documents required for pre-applications.

  • Completed pre-application form.
  • Last three months’ history of bank statements.
  • Last three months’ history of business payment processing statements.

And full applications will need these documents.

  • Additional application.
  • Certificate of Incorporation.
  • Driving license/passport of the business owner(s).
  • Void check from the business checking account.

Some additional documents needed for the application are as follows.

  • Address proof of the merchant with a utility bill.
  • List of shareholders.
  • Last two years’ annual business financial statements.
  • Copy of supplier contracts.
  • A business license is required for operating the business.
  • Bank reference letter for the owner.
  • Large-scale merchants have to provide financial statements and also most recent business tax returns.

Points To Contemplate To Prefer a Suitable Global Payment Services Provider

Merchants must find a credit card merchant account provider that has a good record and also deals with online merchants of a similar industry type to accept online payments. They should also deliver you with dedicated price support. Moreover, it has to provide supplemental attributes to control chargebacks.

  • Restrict additional charges. Do not prefer an offshore merchant service provider that functions on extended fees when trading with online merchants.
  • Be upfront and sincere. Merchants that ought offshore payment processing, must consult factors with their service provider concerning their business type and functions.
  • Examine testimonials from clients. Ideas of prior clients will be excellent concerns about how good or bad an image of an offshore merchant service provider is. Merchants must investigate and research their possibilities and get the proper company for the business’s necessities.
  • Know what they precisely offer. Merchants must go for an offshore services provider that can deliver the best grade services. An offshore payment service provider must understand how to manage merchant prerequisites by providing excellent services such as 24*7 assistance, troubleshooting, and administration.
  • Select adjustable terms. As business requirements can alter according to the time and assigning more expansive contracts or an automated revival feature is not correct. Merchants should go for the providers who can give adjustable span agreements.
  • Tax Obedience. Fundamentally, if you have an offshore bank account and merchant account, you have to manage tax compliance. So, ensure to manage proper tax advice from a registered tax experience.

How To Opt For The Right Credit Card Merchant Account For Your International Business?

It is quite essential to research before getting a processing credit card merchant account. Especially if you are running an online business, you must ensure that the payment service provider specializes in your type of business and the challenges and opportunities it faces. If you want to get a secure and low-cost credit card merchant account and accept credit card payments online, prefer choosing InstantCharge. InstantCharge is the top leading online merchant account service provider across the world. With InstantCharge you can get top reliability, convenience, and ease of payment processing services.

A Credit Card Merchant Account Varies From a Traditional Merchant Account. How?

A merchant account is known as a web-based technology that permits payment transfers ignoring whether the transferring payment is irrelevant to the source of payment service provider location.

Whereas, a credit card merchant account refers to a payment technology in which the mode of payment service is outside the merchant’s country. But in both of the scenarios, the merchant account works similarly to accept online payments Poland. Regardless of the customer’s country, it is powerful enough to receive payments securely and faster.

List Some Main Perks Of a Credit Card Merchant Account.

Some key benefits of a credit card merchant account are

  • Transactions processing volume. It has zero bar on transaction volume.
  • Multi-currency acceptance. You can accept online payments in multiple currencies.
  • Multiple credit card merchant accounts. You can handle all accounts for payment processing from a single dashboard.
  • Various jurisdictions have dissimilar laws. It doesn’t refer to tax guidelines only, even also other laws from foreign administrations and distinct foreign trade rates.
  • Process multiple credit/debit cards at once.
  • It reduces operating expenditures.

Pricing Structure For Credit Card Merchant Accounts

Due to charges involved with accepting payments in different regions with different currencies. The fees on a credit card merchant account are higher than traditional online accounts.

Businesses using global accounts will generally see prices starting in the high 5% range to 10% for many online accounts. And these fees do not include the reserves applied to accounts. And with maintenance and writing fees.

Reserves for Offshore Accounts

The use of reserves is the primary factor that all offshore accounts share. Reserves are a predefined or fixed amount sent to the payment processor during the payment processing. Reserves lie between 5% to 10% of the monthly volume and are stored for six months. The first-month funds are released in the seventh month. And this type of account is called a rolling reserve.

Banks need reserves because of the risk associated with accounts. Businesses that have problems with chargebacks will usually have higher rolling reserves. And they are based on trust but in the offshore industry. But most banks will not free a merchant from a release agreement.

Hold Period for Global Funds

The average hold period for online merchant accounts depends on the bank. The business type, and the business model. Most banks usually hold funds for 10-14 days, and after that, they release those funds to the merchant. Businesses with good working history can lower those hold times to a couple of days. If they can also ascertain the grade of their sales. Hold times of reserves can be changed. But they will be listed in the contract signed with the offshore account provider.

Credit Card Payment Gateway

Any business needs to have a reliable and secure payment gateway. Especially when processing transactions offshore. However, accept payment gateways must be able to work with many different processing networks and balance transactions between accounts. And support the volume that many offshore accounts have without affecting security.

Global merchants must be provided with the best fraud prevention features. And those features will allow merchants to set the parameters for their business. And help in providing fraud and reducing losses without losing sales.

In most situations, offshore merchants use multiple accounts provided by different banks. But this does not happen with most merchants. Most businesses go for this setup when working offshore.

Do Merchants Need Multiple Accounts?

Having multiple merchant accounts is the best way to tackle payment stuck issues by depending on the merchant account. Because online merchants may face some problems remaining in business. However, as compared to the merchants that operate multiple accounts.

Moreover, operating with multiple merchant accounts can provide an increment in transaction volumes. And this will also allow merchants to increase the total sales of their business.

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Conclusion

If you want to open a credit card merchant account, speak to the consultants at InstantCharge. Because our experienced offshore merchant services team will work with your company. To set up as many special merchant accounts as per your business requirements. Contact InstantCharge today. And a credit card merchant account consultant will get in touch with you shortly.

Accept Credit Card Payments Online In Small Businesses

A sale is not a complete sale until the funds change hands. To get in on the $601.5 billion (and boosting) of retail purchases that perform via the internet. Your eCommerce business needs to accept credit card payments online.Small businesses can accept credit cards online by using an online payment gateway, setting up a POS system with a merchant account, or using a mobile card reader to accept credit card payments online via a mobile app. Understanding how to accept card payments online can assist small businesses to enhance their sales. Improving cash flow, and offering a better experience for their customers. But recent research found that 55% of small businesses in the US don’t accept card payments online.

How to accept credit card payments online for small businesses?

Small businesses interested in taking credit cards first have to do some research and decide what credit card payment modes work best for them. These are the moves to follow to initiate processing credit card payments:

Ways to accept credit card payments online

Firstly, decide how you’ll enable your customers to pay using credit cards. These are the three primary ways to accept online credit card payments.

  • Online credit card payments
  • In-person credit card payments
  • Mobile credit card payments

If you are a freelancer who usually executes business with customers remotely via email and mobile phone. Also accepting online card payments may be the only way your small business needs. If you have a physical store that markets products to customers. You’ll have to take in-person credit card payments at your online store.And if you are a contractor or landscaper functioning on-site for your customers. A mobile card reader may be the most simple payment method since it enables customers to pay from the job website with a card reader powered by your mobile phone.

Prefer a Merchant Service Provider

After knowing how you’ll take client credit card online payments, you will have to prefer a merchant service provider. Merchant service providers are companies that offer businesses the products and services required to take credit and debit card payments. When assessing merchant service providers for your business, it is necessary to ask yourself the given questions:

  • What fraud protection do they deliver?
  • Do they provide other related services, like payroll services?
  • What sorts of payments can the MSP process: online, mobile, in-store?
  • What costs does the MSP assess the business owner?

Select a merchant service provider that fits the exact requirements of your business and charges fees you are easily paying.

Online payment gateways

A payment gateway is a technique that enables merchants to process the transaction including credit cards, debit cards, and alternate payment methods such as eWallets. The term “payment gateway” also consists of physical tools like credit card terminals. So professionals distinguish between payment gateways and online payment gateways.In this blog, we will concentrate on online payment gateways which offer the software eCommerce merchants require to receive payments via their websites.

How do online payment gateways manage a transaction?

How does an online payment gateway function? Here is the procedure a payment gateway performs to assist a merchant in accepting credit card online payments:

  1. A customer picks a product to buy and obeys the prompts to the payment step. And delivering a credit card number and approving details.
  2. The payment gateway’s software protects transaction data and securely shares it with the online payment processor, generally a bank-designated “acquirer.”
  3. The acquiring bank ways the payment request (again with stringent data security) to card processing networks. Major credit card companies work with these networks; typical examples are Visa and Mastercard.
  4. The card network confirms the card details. Adding another fraud inspection to the procedure. Then it presents a payment request to the card-issuing bank.
  5. The issuing bank conducts another fraud check and proves that the customer has enough money for the sale. Then it either approves or rejects the request and transmits that conclusion back to the payment gateway.
  6. The gateway notifies the customer and the merchant about the results. If the payment is received, the banks concerned recompense the payment. Also implies they transmit the funds from the customer to the merchant.

This complete procedure and up to the settlement is actually immediate. (On the other hand, settlements can take some days). The payment gateway serves as a link between your customers, your website, and the payment networks that perform online funds transfers possible.When an online payment gateway enables merchants to accept credit card payments online via their websites. Even the payment cards are not the only way customers will prefer to purchase your products.

How to Accept Online Card Payments

To accept credit cards online, you will have to sign up for an online credit card processing service. This service functions by processing your customer’s online payments for you and assessing a processing fee for every credit card transaction your business receives. If you prefer a cloud-based accounting service. Maybe you already have the facility to accept online credit card payment solutions via app integrations within your online accounting software.

How to Accept In-Person Credit Card Payments

To accept in-person credit cards, you will require a POS (point-of-sale) system. A POS system consists of hardware (like a credit card reader) and software to accept in-person credit card payments. Customers can insert or swipe their credit/debit card in a card reader and the transaction will instantly be authorized or rejected. After the approval of a transaction, your merchant account will then accept the funds. And then forward them to your business bank account within a few days.

How to Accept Mobile Credit Card Payments

To accept mobile credit card payments, you will require a mobile card reader. A mobile card reader is a movable device that pierces into your smartphone and teams with a credit card app to accept credit card payments online anywhere, as long as there’s an available internet connection.

Why Should Businesses Accept Online Credit Card Payments?

Accepting online credit card payments delivers leniency and convenience to your customers and can also provide advantages to your business. The advantages of receiving credit card payments for small businesses are:

  • Enhances Sales. Accepting online credit card payments is an advantage that can assist you in tempting new customers to your online business increasing your sales. If you have an online business that deals in products, accepting credit cards online can result in enhancing sales because people manage to spend more when they are using a credit card. A current study discovered that people consume between 12 and 18% more when they use credit cards instead of cash.
  • Enhances the Customer Experience. Delivering personalized payment choices that contain credit card payments provides your customer with a better experience and enriches credibility. Most customers like to pay using a credit card because they can easily perform online payments, instead of filling out and mailing a check.
  • Boosts Cash Flow. Unlike checks, which frequently bear between 6 to 10 business days to perform via your bank, credit card payments are processed fairly fast. Usually, online credit card payments are vacated and the funds occur in your business bank account within 1 or 2 days of performing the transaction.
  • It Saves Time & Effort. Most credit card payment processors enable you to accept credit card payments online with a few easy clicks, preserving your time & efforts. You don’t need to reach the bank to submit checks or expend as much time asking for payment for invoices.
  • Enhances Payment Security. Accepting online credit card payments can indicate your business has less cash in hand. However, it reduces the risk of theft or loss. Even though there are security risks with receiving credit cards. In many scenarios, fraudulent charges can be retrieved when you use a merchant service provider.
  • Delivers Proper Reports. Most online credit card processing services offer powerful sales on the basis of your transactions. You can collect valuable data about the kinds of payment clients use, how long it takes them to pay and the average payment amount your business takes. These reports also contain details that are useful when you submit your taxes.

Credit Card Transaction Fees

Credit card transaction fees are assessed by the payment processor every time a business takes credit card payments. There are two kinds of fees assessed for every credit card payment that’s performed: the processing fee and the transaction fee.The processing fee is an amount charged for every payment on the basis of the business’s average transaction amount. Whereas, the transaction fee is a flat fee assessed every time a business accepts credit card payments.

Wrapping Up

In this digital market, it is familiar for most online businesses to accept credit card payments online. Moreover, credit cards are a fast and easy way for customers to pay for products and services. However, businesses can take advantage of improved cash flow and sales ratio. While there are some risks and charges included in using this payment mode, the advantages mentioned above in this article overshadow those scams. Contact Instantcharge today if you are interested in knowing how we can assist you in protecting your customer’s sensitive payment details, following PCI DSS compliance rules, and boosting your business.

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

What is the Definition of Online Credit Card Processing?

Online credit card processing is the way of accepting payments from customers using debit/credit cards such as Visa, MasterCard, Discover, or American Express. Just like you would swipe your card at a petrol station, online customers must “swipe” while making a purchase through an ecommerce site. The primary distinction is that there is no physical terminal to conduct the transaction, which is where online processing comes in.

In a broader sense, online credit card processing (also known as having a merchant account) is the process of conducting financial transactions via the internet. This chain of events necessitates the use of a payment gateway and payment processor to assist transport and communicate information over the web and guarantee that you, the business owner, receive consumer payments swiftly and properly. While the transaction itself just takes a few seconds, there is a lot of work that goes on behind the scenes, which we’ll go into later.

Instantcharge is famous when it comes to security and dispute settlement. Buyers not only trust us to keep their credit card information private, but we also provide various security protections for vendors. We makes online credit card payment processing a lot less terrifying with 24/7 transaction monitoring, merchant fraud protection, and protection programme that protects your balance against chargebacks.

Should I Use a Merchant Account or Online Credit Card Processing Service for My Business?

If you’re like most others, your hunt for a way to take online payments begins with the question, “Should I use or obtain a merchant account?” While many companies choose to utilise other payment system because of their convenience and ease of use, there are some significant negatives to doing so on their own.

However, it’s not an either/or situation: both are critical methods to give your consumers with the ease and flexibility they require. You must, however, ensure that accepting credit cards via your merchant account is always an option. This is why:

Enhanced Consumer Convenience:

Accepting credit cards through a merchant account simplifies the checkout process. If you only take PayPal, clients will most likely have to leave your site to log into or establish a PayPal account in order to complete the transaction. Many of your consumers will be unwilling to go the additional mile.

Reduce Abandoned Carts:

To elaborate on the previous point, if clients are unwilling to go an extra step, they will abandon their cart and choose a site that fulfils their demands. Accepting payments with your own merchant account can help you increase and maintain the sales you’ve worked so hard to achieve in the first place.

Receive Money Faster:

Using a merchant account allows you to receive payments in as little as two days, with money sent immediately into your bank account of choice. When using third-party services, it might take up to three or four days to get your payments, causing problems at the end of the month.

Get Tailored Support:

When you have a merchant account, you will frequently enjoy better and more personalized customer service. Phone help is often only offered to the highest-tiered consumers of third-party providers.

Maintain Business Growth:

As your company expands, you’ll notice that third-party services are no more cost-effective due to excessive transaction costs. Furthermore, as your consumer base grows, so will the necessity for you to broaden your payment alternatives in order to accommodate a more diversified range of buyers.

Above all, solely accepting payments through third-party services such as PayPal harms your company’s and brand’s reputation. If you don’t take credit cards directly through your website, it undermines the credibility of your whole ecommerce operation, leaving customers wondering if your site is genuinely authentic.

What Characteristics Distinguish a Reputable Online Credit Card Payment Processing Service?

Is it compatible with the payment methods you want to accept and how you want to accept them?

Do you want to directly take only major credit cards? Do you also wish to accept account-based services such? All of the services on this list accept major credit cards, and some also allow alternative payment methods.

What will you pay each month and each transaction?

Fees are maybe the most difficult to calculate. The majority of payment systems charge a percentage (say, 3%) plus a set fee (say, $0.50) each transaction. That implies that if you sell a $10 item, you’ll pay $0.30 in percentage fees plus $0.50 in fixed fees for a total of $0.80.

Some providers do not include the set price and instead charge a monthly subscription (say, $50) to use the app. Others—and most merchant accounts—will charge a significantly lower price in addition to the interchange fee—the direct fee charged by the credit card provider. This implies that your costs will vary depending on the transaction. Almost all demand additional costs for charge-backs, disputes, and other payment services, as well as an additional % fee for overseas payments.

It’s something you should double-check, especially if you process a lot of money. When you’re just getting started, features that make payments easier are probably more significant than a 0.2 percent cost.

Is the Platform Safe to Use?

When working with financial data and transactions, security is also an issue. Any reputable payment processing instrument in the United States will be PCI-compliant, which means it follows the regulations for managing sensitive information like credit card data. All of the applications on our list fit this condition, but if you live outside of the United States, you should verify your local laws.

Payment processing solutions often check your identification and bank details before you can finish setting up an account to avoid fraud. This normally entails entering the last four digits of your Social Security number (in the United States) as well as your bank account information, such as the routing number.

Aside from these three requirements, you should examine whether you require any other capabilities in a payments solution, such as recurring billing or mobile payments. If you’re selling personalized paintings, for example, you might want a payment solution that also has ecommerce capabilities, such as the ability to create distinct listings for each piece. If your product requires regular payments, you’ll need an online credit card payment processing solution that can handle a variety of subscriptions or billing systems.

Instantcharge gives you a lot of freedom in how you integrate it into your online business, which might be scary if you’ve never set up a payment processing platform before. But it’s not too difficult: you can add a basic, secure checkout form to your site. You may even personalize the whole experience by using APIs to power payments deep within your webapp.

Contact us for instantcharge

Originally Published At: https://instantcharge.co/online-credit-card-processing.php

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.

**More Blog post At**

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