PayCly Blog

Best Payment Gateway Providers in Zimbabwe

PayCly is one of the best payment service providers in Zimbabwe. A payment service provider is a financial technology firm that provides payment solutions, such as a payment gateway, merchant account, etc., for any online business. A payment gateway links your applications' or website's payment portal and your merchant account. By transmitting encoded & tokenize payment information between the parties, a payment gateway simplifies financial transactions. A merchant account, on the other hand, satisfies all banking needs and enables you to accept, hold, and withdraw payments.

Why Do You Need a Payment Gateway in Zimbabwe?

Internet penetration is rising in the country, reaching 30.6%, which led to the expansion of e-commerce in Zimbabwe. The revenue from e-commerce reached US$427.70 million in 2022 and is expected to hit US$1,145.00 million by 2027. The shopping trend is changing fast; people these days like to shop online since it offers multiple advantages, including convenience, alternatives, cost comparison, home delivery, and great discounts.

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Additionally, most services are now provided online, including forex, tobacco, betting, gambling, betting, fantasy sports, casinos, sex toys, escort services, etc. Starting an online business is also easy than starting an offline store. You just need a website or app, a payment gateway, and a merchant account to start an online business. We encourage beginners to initiate their online venture by providing them with payment gateways and high-risk merchant accounts.

Types of Payment Gateways

Generally, An international payment gateways are classified into three types, and they are as follows:

How Does a Payment Gateway Work?

We have simplified the working steps of a payment gateway through this illustration:

How PayCly is the Best Payment Gateway Provider in Zimbabwe?

When you expand your business online or start a new venture, you require a payment service provider (PSP) to accept online payment for goods and services you offer. Selecting a PSP that can fulfill all your business requirements is essential. An acquirer must provide a high-risk merchant account if your business is considered high-risk by banks and financial institutions. Similarly, if your industry is unregulated, a PSP must also offer a merchant account and payment gateways so you can run your company hassle-free. But only a few PSPs provide all payment solutions to merchants. And PayCly is the best in them and provides the best high-risk merchant account & international payment gateways for your business, whether regulated or unregulated.

PayCly is the only PSP in Zimbabwe that offers a complete featured-packed payment gateway that boosts your revenue. We are a trustworthy and renowned PSP in the Republic of Zimbabwe. We offer the lowest MDR in Zimbabwe and secure you with the latest technology like AI and ML in addition to having PCI-DSS compliances. Our offerings are customized to meet your business needs. Our feature-rich dashboard lets you see and download daily, weekly, monthly, and annual business evaluations. These qualities ensure swift settlement, round-the-clock customer assistance, and the safety of your high-risk merchant account. We also possess the following impressive features:

Benefits You Get by Acquiring PayCly’s Payment Gateway

Frequently Asked Questions (FAQ)

What other Payment Solutions Does PayCly Offer aside from Payment Gateway?

PayCly offers all the payment solutions that your company might need. We assist businesses by providing high-risk merchant accounts and international payment gateways, and the following industries are some of them in which we have a lot of experience:

Casino Merchant Account Forex Merchant Account
E-Commerce Merchant Account Fantasy Gaming Merchant Account
Escort Merchant Account Adult Toys Merchant Account
Dating Merchant Account E-Cigarettes Merchant Account
Tobacco Merchant Account SMM Panel Merchant Account

What are your industry-specific merchant accounts?

In brief, these industry-specific accounts are made for high-risk industries to protect them against fraud and chargebacks. The term "industry-specific account" refers to accounts with high-risk merchant accounts and industry-specialized features (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 the merchants they recommend. In Zimbabwe, Business Person only chooses PayCly for Forex Merchant Account, Tobacco Merchant Account, E-commerce Merchant Account & Betting Merchant Account. For more info, you can reach us at paycly.com.