PayCly is one of the best payment service providers in Botswana. A payment service provider is a financial tech company that provides payment solutions, such as a payment gateway, merchant account, etc., for any online business. A payment gateway acts as a bridge that connects your applications or website's payment portal and merchant account. A payment gateway enables financial operations by transmitting encrypted payment information between the entities. On the other hand, a merchant account meets all banking obligations, including receiving, holding, and withdrawing the money you receive from your customer.
Botswana, officially the Republic of Botswana (Lefatshe la Botswana), is presently one of the fastest-growing economies in the world. In October 2021, Botswana unveiled its new national e-commerce strategy in October 2021, placing the e-commerce industry and the digital economy at the forefront of efforts to secure the free movement of data, goods, and services that have been digitalized. The national e-commerce plan for Botswana is a significant breakthrough in its efforts to boost trade, encourage business growth, and diversify its economy.
According to Statista, Internet penetration has risen nearly 50% after the covid-19 outbreak in Botswana. As of now, 61% of Batswana have internet access. The eCommerce market was valued at US$246.30 million in 2022 and is expected to climb to US$538.00 million by 2027.
Nowadays, people prefer to shop online since it provides many benefits, including convenience, accessibility, alternatives, cost comparison, home delivery, and fantastic discounts. Additionally, customers that shop online save a tonne of time. Moreover, most services are now provided online, including sex toys, fantasy sports, casinos, and escort services. Online businesses are simpler to start up than traditional ones. To establish an online business, all you need is a website, an international payment gateway, and a merchant account.
Generally, payment gateways are classified into three types, and they are as follows:
We have simplified the working steps of a payment gateway through this illustration:
You need to choose a payment service provider to set up a merchant account and payment gateway when you launch or expand your online business. You could be concerned about the technical complexity of the payment gateway or merchant account, but you don't need to be because we'll go through all the features a PSP offers in this article.
What aspects must be taken into account while selecting a payment gateway? Company name? Promo? Pricing? Security? Payment modes? Or honesty? Find a PSP that can provide all of these options; Because you need a well-balanced payment gateway that offers all the cutting-edge features at the most affordable prices with the best security.
PayCly is the only PSP in Africa that delivers all the features you need to boost your earnings. PayCly is a reputable and well-known acquirer. We offer you the most affordable MDR rate in Botswana. In addition to having PCI-DSS level 1 accreditation, we secure you with cutting-edge technologies like AI and ML. Our services are tailored to the needs of your company. You can see and download real-time, daily, weekly, monthly, and annual business analyses using our feature-rich dashboard. These features ensure prompt settlement, 24-hour customer assistance, and the security of your high-risk merchant account. We are happy to inform you that only PayCly provides a full range of services that will help you and boost your company's revenue. We also possess the following notable features:
PayCly provides all forms of payment processing that your business might require. We work with businesses to provide high-risk merchant accounts and international payment gateways, and the following sectors are just a few examples of those we have a lot of experience:
| Casino Merchant Account | Forex Merchant Account |
| E-Commerce Merchant Account | Fantasy Gaming Merchant Account |
| IPTV Merchant Account | Adult Toys Merchant Account |
| Dating Merchant Account | E-Cigarettes Merchant Account |
| Tobacco Merchant Account | SMM Panel Merchant Account |
In short, these accounts are made for high-risk industries in order to protect them against widespread fraud and chargebacks. The term "industry-specific merchant account" refers to accounts with high-risk merchant accounts and features specialised in the industry (e.g., casino, forex, sex toys, dating, escort, etc.). According to feedback from our merchant, these accounts have reportedly become the top choice for all of the merchants they recommend. No other PSP can catch up with our Forex Merchant Account in Botswana. No other PSP can catch up with our Forex Merchant Account in Botswana. For more info, you can reach us at paycly.com.
