Tag: Credit Card Processing

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.

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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Accepting Online Payment Poland, Payment Gateway Integration, eCommerce Payment Processing, Online Payment Gateway International, Global Payment Online

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