Ecommerce has become one the fastest growing market segments at the current moment of time — the competition is all time high and the consequences of wrong choices can be nothing short of catastrophic for any nascent eCommerce project.
Four Foundational Aspects of the Best Ecommerce Payment Gateway
First, we need to set the record straight on the definition of the subject (sure, this is Captain Obvious moment, but you won’t believe how many times we are asked about that — so we’re just cutting it off right here once and for all.)
These rules are imposed by authorities in order to maintain fairness of operation.
While that might sound obvious, not everyone understands what is worth paying attention.
Here are five key aspects that you have to consider before integrating with any payment gateway.
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Payment gateway systems are an inevitable financial transaction for Ecommerce Development Services.
However, people still feel reluctant regarding its usage.
Online Transactions for Ecommerce Development Services: Current SituationAccording to an eConsultancy survey in the UK, online shoppers have shown the following concerns:Fear of data theftCustomers hesitate to share their credit card information as they fear its misuse.
Other concerns include- Requiring assistance for transactions for non-tech savvy customersOther online fraud-related issues such as selling of information Ecommerce payment gateways now prevent such fraudulent activities by providing card verification value (CVV) and address verification system (AVS).
The global market value currently stands at $18.20 billion.
They are device friendly, accessible, and cost-saving.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
If you are setting up an eCommerce store or selling digital products from your website, you’ll need a payment gateway to accept payments from your customers.
Until a couple of years back, setting up a payment gateway as a mammoth task.
It used to involve a lot of documentation, verification, huge setup feeds and technical know how to make it work.
But now, it has become very easy to set up a payment gateway for selling your products in India.
When we started ProfitBooks, we evaluated lot of payment gateway providers and finally settled for 2 of them.
I’m sharing what we had learnt during past few years.
