Online buying (e-commerce) is preferred because of the convenience is given in comparing many products and a huge selection of products. In fact, some products sold online are hard to find in malls or other shopping spots. This change of business pattern has opened up opportunities for many people to run businesses online. There are many online business models that can be done. Starting from opening your own online store or just being an intermediary (broker), reseller, until the drop-shipper. If you decide to open an online store yourself, one thing to think about, in addition to product variations, is the ease of payment processing. Meanwhile, don’t forget to also check out the trusted eCommerce platform, especially if you’re going to start a big e-commerce business getfoundation.
The current technology offers a sophisticated payment system called payment gateway. Want to know more about payment gateway, can be seen in the following reviews.
Know the payment gateway
Ever know about PayPal? Through PayPal, you can transact without bothering to go to an ATM, bank, write a check, or send money via a money order. Simply by having an account and fill out the nominal money that is read virtually on the account, you can already transact. This method is applied PayPal is called payment gateway.
By definition, the payment gateway is an online transaction system that authorizes the payment process, whether using a credit card, bank transfer or other direct payments.
Data encryption system credit card number or debit card made by payment processor ensures that your transaction is safe and convenient to do.
Benefits of Using Payment Gateway for Sellers and Buyers
There are many advantages to using payment gateway services, both for sellers and buyers.
Benefits for Buyers
Customers can directly deal without the need to open a website sellers and third-party websites to make transactions.
It’s easy and safe to shop online.
Benefits for Seller
Faster and easier checking payments by credit or debit card.
The payment gateway protects credit card data with data encryption and information technology when customers make transactions.
Online stores no longer need to provide multiple accounts from various banks as payment gateways can receive transfer funds from various bank accounts and distribute them to an account owned by an online store.
Fast and secure for bulk transactions because payment gateways can process hundreds to thousands of transactions in a very short time.
User-friendly because payment gateway comes with a dashboard that helps sellers or buyers in the sales reconciliation process, such as sales reports, customer details, voids, and refunds.
Safe for credit card users because the payment gateway has a fraud detection technology that serves to prevent cheating payments in online stores
The above advantages will make online transactions more dominant in the future.