PayCly Blog

Payment Gateway Providers Vietnam

PayCly is one of the best payment service providers in Vietnam {Socialist Republic of Vietnam (Cộng hòa Xã hội chủ nghĩa Việt Nam )}. A payment service provider offers several payment solutions for your online enterprise, such as a merchant account, payment gateway, e-invoicing solution, etc. A payment gateway is a mechanism that connects your web's payment portal and merchant account. It enables fund transactions by transmitting the details securely. Whereas a merchant account is similar to a bank account because it accepts, holds, and permits you to withdraw the funds to your regular bank account.

Why Do You Need a Payment Gateway in Vietnam?

According to PwC, the world in 2050 report, Vietnam's average annual GDP growth rate will be the highest in the world. Vietnam to be the world's fastest-growing economy between 2016 and 2050. And the cost of starting a business in Vietnam will be the lowest. As of now, The GDP of Vietnam is ranked 32, but by 2050 it will rise to be the 20th largest economy in the world. The lift from one of the poorest countries in Asia to one of the fastest-growing nations in the world was only made possible by the reforms (doi moi) that uplifted private industry, determined private land rights, and terminated cooperative farming.

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The ecommerce market in Vietnam reached $14.81 billion in 2022 and is expected to rise to $23.71 billion by 2025. One of the main reasons for the rising online market is increasing internet penetration which is now 73.2% nationwide and growing rapidly. People nowadays prefer to shop online as it gives several benefits, including ease of shopping, availability of options, price comparison, and great offers. Plus, online shopping helps customers to save time.

Along with this, today, almost every service is available online fantasy games, casinos, forex, sex toys, betting, escort services, etc. Also, opening an online business is far easier than an offline one. A merchant can launch an online business fast by developing a website or mobile application, obtaining a merchant account, and setting up a payment gateway to accept payments from both domestic and foreign clients. To acquire a merchant account or payment gateway, you need the best payment gateway in Vietnam, and that is none other than PayCly.

Types of Payment Gateways

Basically, payment gateways are classified into three types, and they are as follows:

How Does a Payment Gateway Work?

We have simplified the steps involved in the operation of an international payment gateway for ease of understanding.

How PayCly is the Best Payment Gateway Provider in Vietnam?

What should you keep in mind while selecting a payment gateway? A company's name or size? Advertisement? Pricing? Safety? Payment methods? Or the quality of its services and assurance? Answers from respondents can vary; some might select a well-known company, while others might choose to price, safety, services, or other feature. All of you are right, but only partially. In reality, a single part or some of them cannot aid you. To increase your revenue hundreds of times, you need a well-balanced payment gateway that offers all the futuristic features you need, has the lowest fees, the safest environment, and can provide you with a tailored service.

We're not trying to brag, but we want to let you know what we offer and why PayCly is the finest. PayCly is a reputable and reliable Acquirer in Southeast Asia. We provide you with the lowest MDR rate in Vietnam. Everyone knows what makes us the safest payment gateway because we are PCI-DSS level-1 (the highest level) certified and employ state-of-the-art technology like AI and ML to protect you from fraud. Our services are personalized to meet your company's needs. Our robust dashboard lets you get real-time, daily, weekly, monthly, and annual business financial reports. We guarantee prompt payouts, 24 hours a day customer service, and no account freezing with all of these amenities. We are pleased to mention that only PayCly has a wide range of features that gives you several benefits and boost your company's revenue. PayCly is Vietnam's best payment gateway provider because of its finest customized services and 100% assurance. These are some other notable features we have:

Benefits You Get by Acquiring PayCly’s Payment Gateway

Frequently Asked Questions (FAQ)

Is There a Difference Between Country-Specific Merchant Accounts?

Simply said, all merchant accounts allow you to accept, hold, and withdraw the monies you receive for your goods and services. However, the control plane, where the language of the specific nation would be used accordingly, is where the difference lies. In addition, each country has its own preferred method of payment, which varies from nation to nation. We list the most popular payment method at the top and order the other options below it. We also give clients the option of paying with their own currency.

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

We can surely say that PayCly provides each payment processing your business might require. We provide payment gateways and high-risk merchant accounts for all kinds of industries, and the following industries are just a few examples of those where 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
IPTV Merchant Account E-Cigarettes Merchant Account
Tobacco Merchant Account SMM Panel Merchant Account

Does PayCly provide its services all over Southeast Asian countries?

We have been recognized as one of the world's top financial service providers and the leading acquirer in Southeast Asia. In Vietnam, Thailand, Singapore, Malaysia, Indonesia, Brunei, Burma (Myanmar), Cambodia, Timor-Leste, and Laos, we are the most trustworthy provider of payment services (PSP). PSPs unmatch our exceptional services and the lowest MDR price in the entire region.