7 Compelling Reasons Why you Need a High-Risk Payment Gateway
“The total transaction value in digital payments is projected to reach $6,682,332 million in 2021,” says Statista.
7 Compelling Reason
Real-Time Transactions: A payment gateway such as eMerchaantPro’s is embedded with the feature of Real-Time Transactions. It clears the payments in real-time as the payment is processed. with a payment gateway, the process becomes hassle-free and least time-consuming.
Immense Security: eMerchantPro offers a huge level of security such as: 3DS and Non-3DS payment gateway for security to the payment gateway based on the virtual OTP. eMerchantPro is PCI Compliant i.e. PCI DSS stamp to ensure that encryption. SSL Certification to enable security encryption. P2PE: person-to-person encryption to protect the sensitive data of the consumers throughout the process
Increase Consumer Experience: Various features of a payment gateway boosts the UX of the business. For example: Multi-currency support: allows the consumers to pay in their own currencies. A convenience feature for the consumers to enjoy. Multiple language support: for those consumers who feel more comfortable in their language this feature comes in handy for the business. Easy Checkout: redirections can be a cause for the loss of maximum consumers. Therefore, an easy checkout option can complete transactions from a single window.
Fraud Prevention Tools: high-risk businesses are prone to frauds and scams that happen on a huge scale “The proportion of executives reporting that their companies fell victim to at least one instance of fraud over the past 12 months was 91 percent,” says Firstpost. a business undertaking a payment processing channel should make sure that the payment gateway has fraud prevention tools.
Allow 24/7/365 days payment: As your presence in the cycle of transactions is minimal, and the automation is doing all the work, consumers can pay on your website at any time. A payment gateway offers your consumer the ability to pay instantly, while on the move, and securely. If you create it simple for your shoppers to pay, then your invoices are paid twice as fast.
Global Card Saving: To enhance the transaction experience it is important that the card details or the payment details are saved for further use. Statistics suggest most consumers tend to drop a product or service if they have to enter their payment details over and over again. Therefore with a payment gateway security can be maintained and at the same time, the convenience can be provided to the consumers to pay multiple times without going through the hassle of inputting the payment details.
Instant Payment Through Online Channel: Instant payment is a component of the "do it now" online culture. Once your consumer sends a web invoice, the pathway to payment is fast and easy for the recipient. 1. Click a link to open the invoice (your client can immediately see it’s been opened) 2. browse the invoice and click on the preferred ‘pay now’ option’ 3. Enter their credentials and build the payment’ It’s fast, convenient, and increasingly, expected
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