And this is where things get complicated.
50% of online shoppers will abandon their carts if your app doesn’t have their favorite payment method. But there are more than 70 payment systems out there! Each has different terms (read the fine print!), fees, and features.
That’s why I’ve already outlined 13 questions you should ask while looking for a payment system. And today I’ll compare three popular gateways (PayPal, Stripe and Braintree) to make the choice even easier.
You need an app concept, but let’s assume you have it already.
Mobile commerce will total $142 billion in revenues by the end of 2016 according to Forrester forecasts.
The average order value for tablet purchases is $98.07 and $81.27 for mobile purchases.
Set up card distinguishing by the first four numbers.
Others feel reluctant, especially after the recent series of major data breaches.
However, as long as you are selling physical products or subscription plans for your software, then you can choose any payment gateway integration that suits your business needs most (and avoid the 30% payment cut Apple and Google takes from every app purchase made).
Wikipedia lists over 70 payment gateways, each having different terms, fees, and features.
Some handle a hundred transactions per month while others process the same amount each hour. Some of them have transparent pricing, some of them are full of “hidden fees”.
Let’s be real: there are a lot of pitfalls you can easily fall into if you’ve never dealt with payment gateways.
To make your life easier, I’ve made a list of 13 simple questions that will help you avoid them and make a better informed decision.
The goal of most of the applications is to earn money to their owners. And if you are doing mobile commerce, you are interested in the matter of efficient and safe payment gateway integrations. Fortunately, we can cover this issue for you!
How to integrate payment gateway in Android and iOS applications
First, you need to decide what type of purchases are involved. If we are talking about in-app purchases, the problem of payment processing can be solved rather simply: AppStore and Google Play services come to the aid. However, in addition to digital goods, there are physical products or subscription offers, and they should be discussed in more detail.
In this case, you will need an intermediary, namely - payment gateways.
Here is the list of Top 10 payment gateways in usa
- PayPal
- Stripe
- Amazon Pay
- Authorize.net
- 2check out
- PaySimple
- WePay
- BlueSnap
- Payline
- Adyen
E-Payments help you to transfer the funds in online so that the payment processes become so easy.
Are you working on development of a mobile app that accepts payments?
Well, whether it is an ecommerce app or a service provider app, it is highly likely that you are going to accept payment for your goods or services that you wish to sell.
Payment gateways are here for your rescue and we discuss how to integrate the same in your mobile app and reap the rewards of the same.First, some figures providing a clear idea about the rising popularity of mobile ecommerce.
As per Forrester Research project, mobile ecommerce will touch $144 billion in the US alone, with $38 billion coming from smartphones and tablets contributing $76 billion.
These are huge numbers and you ought not to ignore the same in case you are mulling on selling anything on the internet, particularly when there is tough competition to beat and your competitors are already breathing down your neck!Read more Stuck with payment gateway integration here’s the guide you need
