In Thailand, PayCly is among the top payment gateway providers. A payment gateway is a channel that transmits payment information between the merchant's web or app payment portal and the acquiring bank. It protects the payment information through several security checks, such as encryption, tokenization, and 3DS authentication. A payment gateway enables you to accept online payments for your goods and services in both domestic and foreign currencies.
By purchasing power parity, Thailand's GDP is the second-largest in Southeast Asia. Thailand is an exporter nation; it has Southeast Asia's second-highest volume of exports. Thailand already ranks among the top countries for online buyers, with 36.60 million consumers. The e-commerce market accounted for $18.97 billion in 2021, and by 2025 it will be worth $33.58 billion. By 2025, there will be 43.5 million internet shoppers in Thailand, an increase of almost 20%.
To conduct online business, a merchant account & international payment gateway is essential. A Thailand merchant account enables Thai online retailers to accept payments through various methods, including ACH, credit or debit cards, bank transfers, cryptocurrency, and more. At the same time, a payment gateway connects your website to a merchant account and securely transmits payment information between them. Due to the convenience of accessing the entire market via a computer or mobile device, most consumers now choose to purchase online. It permits price comparison, offers home delivery of goods and services, and gives you the greatest discounts. The time saved by online shoppers is also considerable. Furthermore, starting a business is made simple by the online marketplace.
Payment gateways are divided into three classes, and we offer you all of them. These classes are as follows:
For easy understanding, we provide a shortened illustration of the procedure of how a Thailand payment gateway works.
In Thailand, several PSPs offer payment gateways, including recognized brands like True Money, Omise, SiamPay, CodaPay, 2C2P, Line Pay, etc. None of them is an ideal payment gateway, as some are costly and do not offer multiple payment structures, some don't provide ready-to-use plug-ins for quick integration, and some only accept a limited number of payment types. Furthermore, none of them customize their services to your requirements. Additionally, they are restricted to solely providing their services to regulated sectors.
Whereas, PayCly is a payment solution provider with the lowest rates, only 3.5 % MDR for local payments, and provides several pricing models, so you can easily choose one that best suits your business requirements. We accept 100+ payment options, including credit cards, local payments, cryptocurrencies, etc. PayCly complies with PCI-DSS highest level (level-1) certification and offers the greatest level of security using AI & ML. The following are some notable qualities that we possess:
A payment gateway is a technology that enables payment transactions by transmitting payment details securely. On the other hand, a merchant account act similarly to a bank account that accepts, holds, and withdraws the payment credited by the buyer for your goods and services. PayCly offers you all payment solutions, including international payment gateways and high-risk merchant accounts.
We offer you each and every payment solution that a business may need.
In addition to payment gateways, we offer a wide range of payment services, including credit card processing (card not present payment), high-risk merchant accounts, and offshore merchant accounts. PayCly supports all regulated and unregulated businesses, and we've crafted a few merchant accounts with high-risk features and industry-specific characteristics. We have extensive expertise in offering merchant accounts and payment gateways to the following industries:
| 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 |
