Wednesday, February 17, 2021

Get to know Payment Gateway, from How it Works to the Benefits for Transactions

 Technology has changed lifestyles and business models in the last decade. Buying and selling transactions through shops, shophouses, or malls is no longer practical. In fact, the current tendency for people to go to the mall is just to spend the weekend or just to wash their eyes. Meanwhile, for goods transactions, they have started to look at online services .


Buying and selling online ( e-commerce ) is preferred patient driven payment model because of the ease with which it can compare many products and the huge choice of products. In fact, some products that are sold online are difficult to find in malls or other shopping places. This change in business patterns has opened opportunities for many people to run businesses online .


There are many online business models that can be done. Starting from opening your own online shop or simply being an intermediary ( broker ), reseller , to dropshipper . If you decide to open your own online store , one thing to think about, apart from product variety, is the ease of payment processing.


Current technology offers a sophisticated payment system called a payment gateway. Want to know more about payment gateways , can be seen in the following review.


Technology has changed lifestyles and business models in the last decade. Buying and selling transactions through shops, shophouses, or malls is no longer practical. In fact, the current tendency for people to go to the mall is just to spend the weekend or just to wash their eyes. Meanwhile, for goods transactions, they have started to look at online services .


Buying and selling online ( e-commerce ) is preferred because of the ease with which it can compare many products and the huge choice of products. In fact, some products that are sold online are difficult to find in malls or other shopping places. This change in business patterns has opened opportunities for many people to run businesses online .


There are many online business models that can be done. Starting from opening your own online shop or simply being an intermediary ( broker ), reseller , to dropshipper . If you decide to open your own online store , one thing to think about, apart from product variety, is the ease of payment processing.


Current technology offers a sophisticated payment system called a payment gateway. Want to know more about payment gateways , can be seen in the following review.


Benefits of Using a Payment Gateway for Sellers and Buyers

There are many advantages to using a payment gateway service , for both sellers and buyers.


Benefits for Buyers

Customers can directly make transactions without the need to open the seller's website and third party websites to make transactions.

It's easy and safe to shop online.


Benefits for Sellers

It's faster and easier to check credit or debit card payments.

Payment gateways protect credit card data with data and information encryption technology when customers make transactions.

Online shops no longer need to provide multiple accounts from various banks because payment gateways can receive transfer funds from various bank accounts and channel them to one account belonging to an online shop

Fast and secure for bulk transactions because payment gateways can process hundreds to thousands of transactions in a very short time.

User friendly due to payment gateway is equipped with a dashboard that helps a seller or buyer in the reconciliation process sales, such as sales reports, customer details, void , and refund (refund) transactions.

Safe for credit card users because payment gateways have fraud detection technology that functions to prevent fraudulent payments in online stores


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