passes themrelationships of Payment has revolutionized the way online transactions are conducted as it is safe, fast, friendly and efficient.
They literally allow you to send payments in seconds and with just one click. For this reason, since the beginning of their implementation, they have not stopped expanding and perfecting.
So, if you are looking to get involved online, here are a few things to keep in mind; Well, thanks to these electronic systems or platforms that are available to everyone today, it is really easy and effective to receive money through the Internet.
What is a payment gateway?
From a technical point of view, the Payment Gateways They are portals that connect a bank account to a payment processor.
Put simply, it can be said that these are platforms that enable money transactions, namely online, between two participants.
Without a doubt, they are a great payment method and that is why they have been successfully integrated into most of them Ecommerce either online stores global.
These gateways facilitate online connections and simplify collections on-line, and moreover, they allow for multiple instruments and forms of payment, as would be the case with:
- debit or credit cards.
- payment fees.
- Insoles.
- bank transfers etc
Another advantage is that they are very secure. Therefore, all transactions that you make through Pas are carried outthose Payment are 100% guaranteed.
But how is the process? Actually everything depends on it Payment Gateways that you use.
In short, you should know that the funds will be credited to the virtual account of this gateway and then you just have to make a direct transfer to your bank account.
However, you also have the option to sell your money through the interface of these platforms with total security and confidence.
So all the money you pay online first goes to an intermediary (a payment gateway in this case) before it is available in your accounts.
What are the most outstanding catwalks in Latin America and Spain:
These are the spendMeans of payment most used in the Latin American continent, as in Spain:
1. PayPal
PayPal It is one of the most well-known payment gateways worldwide since its features and facilities are very competitive:
- PayPal Accept payments by card or bank account.
- It’s quick and easy to use.
- Accept international payments.
- Checkout conversions from companies that use PayPal can be increased by up to 44%
- Provides live help and support.
- Manage a fraud protection system.
Given the PayPal enjoys a good reputation in the market and is one of the most reliable payment gateways for you Ecommercebecause your customers know it and know it’s totally safe.
In addition, according to a report by hubspotrequires a “step-up in sales” that fits you like a glove if you want to increase your profitability.
2nd square
square it is also popular, easy and quick to use. In addition, it has excellent value for money and multiple features built into points of sale.
Some of the most outstanding features are the following:
- Accept credit card payments through a mobile phone. This can be done with chips or via NFC (Near Field Communication) protocols.
- You can make payments offline.
- Offer multiple payment options, e.g. B. Direct payments or booking.
- No monthly fees or additional fees are generated.
- Registration and activation of payments is completely free.
3. Stripes
Many large internationally renowned companies such as pinterest, They have been working efficiently with this type of payment gateway for years.
Without a doubt it is one of the best when it comes to debit and credit card processingas well as physical transactions.
On the other hand, it offers you great payment alternatives. As a result, your customers have greater freedom in conducting their transactions on the web.
4. Mercado Pago
It is widely known as the “financial arm” of free market, and it is also one of the most used gateways in Latin America.
In fact, it is active in most Latin American countries such as Mexico, Argentina, Venezuela or Chile.
It should be mentioned that MercadoPago It allows you to transact whether your business idea has a website or not.
5. Amazon Pay
One of the main features of AmazonPay is its high degree of simplicity. This means it’s a very easy to use gateway (it’s intuitive and secure).
In addition, the integration is done via API technology. Therefore, the payment structure is easier to customize and it is also easier to adapt it to the needs of each company. Ecommerce or digital entrepreneurship.
You might be interested in: 5 Effective Ways to Make Money on Amazon in 2022
5. Authorize.net
Authorize.net accepts credit card payments, electronic checks, online and physical deposits.
It is ideal for retail businesses as it can be integrated with third party points. In addition, it has the following properties:
Payment flexibility:
It is compatible with other payment processors. Therefore, merchants can accept payments from PayPal, Apple Pay and other gateways.
Accepts multiple categories of currencies:
That’s why sellers who work with a currency other than the dollar use this gateway to process their payments.
6.Apple Pay
The payment process with this gateway is really easy and simple. ApplePay allows customers to add their credit and debit cards to their accounts manzana on mobile to make instant payments.
The only downside is that it is only compatible with iOS apps. In this sense, it can only be used by users of the brand manzana
How these payment systems work:
That Payment Gateways You work easily, safely and quickly. Next we explain step by step how it works:
1. A person buys a product or service and selects the Buy/Pay option.
2. The platform from which you make the purchase redirects you to the payment section; either by credit card, debit card or other modality.
3. The customer immediately enters the relevant data.
4. Then confirm the purchase and the transaction will be carried out.
5. Once the previous step is completed, your personal information will be encrypted or hidden.
6. Then the security protocols will be enabled as would be the case with the Transport Layer Security (TLS).
7. The agent then contacts the user’s bank or buyer to confirm that they have a positive balance.
8. Finally, the buyer receives the confirmation or validity of his purchase through the payment gateway.
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Benefits and importance of payment gateways
That Payment Gateways They work like a payment link between your bank account and a payment processor.
Their function is to transmit all transaction information, whether it is done virtually, through payment services, physically or through a payment terminal.
These support various transaction methods on-line, including the Unified Payment Interface (UPI) and other digital wallets.
How to choose a payment gateway for a digital business
If you are thinking of training Payment Gateways in them Ecommerce either digital businessbut you don’t know which one to choose, you should pay attention to the following aspects:
network security
That is one of the most important features when choosing payment gatewaysbecause customers want to feel safe and secure when shopping on-line.
In fact, they need to be confident that their information is protected as it allays their fears of fraud or compromise.
A good recommendation we can give you is that you use the services of Payment card industry data security standard.
These protect the data of companies that work with credit or debit cards and are therefore of crucial importance.
simplicity and speed
Payment Gateways They need to be secure, but also easy and quick to use.
Honestly, when online shopping, when the checkout process becomes too difficult or too slow, the customer may abandon the purchase.
You should also choose a gateway that accepts the major credit and debit cards on the market and also integrates perfectly with your shopping cart. Ecommerce.
international availability
It is very important that you use a platform that supports international payments; unless you are only interested in receiving payments in your local market.
good prices
Most of these gateways handle different tariffs depending on the model or type.
Therefore, it is best to choose a gateway that perfectly suits your requirements, needs and budget.
These online payment systems are a great solution:
Sure, get past themelas the payment thisWe were just about to introduce you, you have become a real relief to those who make it Ecommerce or online shops.
In addition, they represent an excellent solution for users when shopping. on-lineas they feel safe, confident and supported.
If you run an internet business and want to streamline or simplify your payment processes, don’t hesitate to integrate any of these options into your website so that you can reap their immediate benefits.
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