You can't afford to lose business from abroad - or because a buyer didn't have the right credit card - in today's world. Make sure your payment gateway accepts various card types and currencies to keep your business expanding beyond borders.
2 - The volume of transactions
Payment gateway fees are volatile; transaction rates frequently fluctuate depending on how much money you're making. Consider how much you expect to sell and how many transactions will pass through your gateway. It's critical when it comes to finding the cheapest supplier for your company.
3 - Customer service
Time is currency. If there is a problem with your payment gateway, you will need it resolved as soon as possible. That, or risk being forced to accept the alternative - losing sales.
What kind of customer service does your provider provide? Is it merely a web-based service, such as a chat bot, or can you call in and speak to a live person? Is it available around the clock or only during business hours?
4 - Hosted versus API?
You'll also need to consider how you want to integrate the
payment gateway Singapore into your website at some point.
The most straightforward option is to host it on the payment provider's website. This is also advantageous because it eliminates the need to worry about difficult PCI compliance. However, your customers are redirected away from your site to pay, which is bad for brand building and the overall customer journey.
The other option is to integrate your payment gateway directly into your website using an API integration. It improves the customer's payment experience, though you must take care of your own
5 - PCI DSS adherence
This is the Data Security Standard of the Payment Card Industry (PCI) (DSS). It is intended to aid in the protection of cardholder data and the reduction of fraud. You must remain compliant regardless of the size of your business if you accept card payments.
Before you sign anything, make sure your payment gateway provider is PCI DSS compliant!
6 - Compatibility with carts
Although a payment gateway handles the transaction, your website will still require a shopping cart structure. This is where your customers will browse your products, add items to their shopping carts, and eventually click 'checkout.
If you want your buyer's journey to be as smooth as possible, your payment gateway and shopping cart system must communicate clearly and loudly. That is why you must ensure that your payment gateway provider supports integration with whatever shopping cart you currently use or plan to use.
Fortunately, most payment gateway providers provide a detailed breakdown of the programmers' and integrations they provide. Just make sure you double-check them!
- When a visitor places an order on the website, it is encrypted and sent to the merchant's web server.
- The transactions are routed to the appropriate Payment Gateway.
- The transaction information is then forwarded to the vendor's acquiring bank.
- The information is then forwarded to the customer's credit card issuing bank by the vendor's acquiring bank.
- The payment gateway receives a response from the card issuing bank, which includes payment details that have been approved or declined. If the payment was declined, the reason would be included.
- The information is now forwarded to the vendor by the Payment Gateway.
- The response is encrypted on the vendor's server before being returned to the customer. Customers can thus determine whether or not their order was successfully placed.
PayCly is a merchant account provider that specializes in serving high-risk business. Mobile phone swipes, an online payment gateway, credit card processing, digital wallet are among the company's products and services. PayCly is a good option for IPTV providers who have a track record of successful payment processing.
All new merchants receive a dedicated account rep for the duration of their account. We offer the pricing i.e tailored to each merchant's business type and processing history.
IPTV streaming business is successfully running in many regions including UK, USA and Europe. According to available data, the total revenue of eCommerce and IPTV in Morocco is $1.63 billion, with an 18.56 percent growth rate projected by 2021.
The main reason for the growth of the Moroccan E-commerce industry and IPTV services is the current internet penetration rate of 69 percent, which has increased the use of online shopping and payment methods in Morocco.
The business is popularly known for data streaming services, Video on demand, high-quality streaming and many other internet based services. The IPTV services are also considered to be safe, reliable and swift because packets data are used in the transmission. People are now switching to IPTV from traditional TV sets only because of the tremendous capability that IPTV offers. The merchants dealing in IPTV business also needs to be secure, safe and reliable while dealing in processing payments with the customers. Hence IPTV Payment Gateway
is must for a merchant who wants to take essential benefits of the IPTV services.