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PayCEC: Global online payment gateway service provider

Saturday, 28 Aug, 2021

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According to the Nilson Report, it estimates that general-purpose payment card transactions every year around the world will expand to 515.42 billion by 2024. Therefore, choosing a secure and flexible global payment gateway is crucial for online businesses.

Global payment gateway is crucial for online businesses.

Global payment gateway is crucial for online businesses.

1. PayCEC global payment gateway gets along with your business in the digital era.

Customer buying behavior has changed drastically over the last few years. With the rise of the digital era, we ask ourselves “Is the death of cash payment near?”, “Will global online payment platforms completely dominate the way we purchase?”, “How should I prepare my business for the upcoming changes?”, “Do I need a global payment platform in order to go digital?”...

The answer is even if your business needs a physical location and possibilities for face-to-face transactions, building a global online payment platform and enabling online payments will undoubtedly improve your overall performance.

The boom of the FinTech industry as a solution to offer a global payment gateway with the implementation of advanced technology has completely revolutionized the way we pay and get paid. With the goal of providing customers a convenient platform, secure transactions, and seamless experience, your e-commerce site must require an efficient global payment platform that will increase customer loyalty, skyrocket your sales and profit.

2. Understanding the global payment gateway and the global payment processor.

At a glance, a global payment gateway and a global payment processor seem synonymous. They are not! In fact, the global payment gateway and the global payment processor are two entirely different things. Therefore, it’s critical to distinguish between these two parties involved in any transaction your business performs.

Global payment gateway

A global payment gateway is very similar to a global payment processor in that it is a tool that transmits payments between the customer’s bank and yours. The main difference is that it is primarily utilized as a tool for e-commerce or card-not-present transactions.

Moreover, to accept card payments, you need to have a merchant account. PayCEC online payment gateway provider assists you in obtaining a merchant account. Anyone who passes our compliance will be granted a merchant account. Without having a merchant account, you can’t accept any online payments.

Global payment processor

A global payment processor manages the credit card transaction process by acting as the mediator between the merchant and the financial institutions involved. A global payment processor can authorize transactions and works on merchants getting paid on time by facilitating the transfer of funds.

Once the customer’s payment card has been authenticated and the customer has approved the transaction, the global payment gateway sends the transaction details to the issuing bank. The issuing bank will either immediately approve or decline the transaction. Once the issuing bank approves the transaction, the global payment processor sends the information to both the acquiring bank and to the global payment gateway to inform all parties of the successful transaction.

In simpler terms, the global payment gateway handles the transfer process, the global payment processor authenticates and secures the transaction, and the merchant account is where the bank or financial technology company settles the funds.

Of course, the global payment gateway and the global payment processor aren’t the only significant part of the payments process. So now, moving onto the next part to find out the role of other parties.

3. Setting up PayCEC global payment gateway is extremely easy.

Opening a merchant account.

When you shut up a brick-and-mortar shop for the day, PayCEC global payment platform ensures your website remains open uninterruptedly 24/7. It helps many business owners rest easy by letting you make sales and taking payments even while you sleep.

Setting up PayCEC global payment gateway is so simple. You will first need to open a Merchant Account, we take care of the rest. You need a Merchant Account to collect card payments, and deliver funds to your business bank account. Once your merchant account is in place, our Relationship Manager will send you instructions on how to integrate PayCEC global payment gateway into your website to enable e-commerce transactions. PayCEC online payment gateway service provider promises not to keep either you or your customers waiting.

Setting up PayCEC global payment gateway is so simple.

Setting up PayCEC global payment gateway is so simple.

Payment process flow.

In addition, make sure that you understand how PayCEC global payment gateway works. We simplify the payment procedure into 8 steps:

  • Step 1: A customer presses a “Purchase” button or relevant button, and fills in the necessary fields to pass the transaction data.
  • Step 2: The data is encrypted and sent to the PayCEC global payment gateway, then passed securely to a global payment processor, which is connected both with a merchant account and a global payment gateway, transferring data back and forth.
  • Step 3: The global payment processor passes the transaction to a card network, such as Visa, Mastercard, or American Express.
  • Step 4: The role of a card network is to verify the transaction data, and pass it to the issuer bank, which is the bank that produced the cardholder’s credit or debit card.
  • Step 5: The issuer bank accepts or denies the authorization request. In response, a bank sends a message back to the global payment processor, which contains the transaction status or error details.
  • Step 6: Transaction status is returned to the global payment gateway, then passed to the website.
  • Step 7: A customer receives a message with the transaction status (accepted or denied) via a global online payment platform.
  • Step 8: The funds are transferred to the merchant account. The transaction is performed by the issuing bank to the acquiring bank.

4. Target merchants who might be interested in PayCEC global payment gateway.

E-commerce vendors looking for the services of global payment gateway providers are freelancers and business entrepreneurs working with foreign partners and suppliers. PayCEC global payment platform allows you to connect your business with the whole world, which would otherwise be impossible for physical establishments. It expands your customer base, helps you increase sales, and improves your overall performance.

Besides, in terms of small businesses wishing to go global, small businesses can be big on ambition, but have you considered how a global payment platform can support your ambition? For many businesses, physical POS used to be their first choice in payment methods. However, they are not the only way customers can pay for your goods and services. Now, the PayCEC global payment platform is by far the fastest way for you to start taking card payments online with just a click.

Paying by card is forecasted to keep growing across all payment methods, and PayCEC global payment gateway provider opens up new chances for you to accept international card payments, and helps reduce your chances of missing a sale.

5. Protect your international payments using PayCEC global payment gateway.

Not all global payment gateways are created equal when it comes to the security that your company needs to support e-commerce activities. As transaction numbers increase, black hat hackers see dollar signs everywhere from small e-commerce sites. Fortunately, PayCEC global payment gateway is available, and acts as a gatekeeper of debit and credit card payments without putting your customers' banking information at risk and losing their trust.

PayCEC global payment gateway acts as a gatekeeper of debit and credit card payments.

PayCEC global payment gateway acts as a gatekeeper of debit and credit card payments.

With PayCEC global payment gateway, all transactions are wrapped in layers of encryption to protect data by offering the highest security standard features, such as 3D Secure, Tokenization, and PCI DSS which help minimize fraud, adding even more layers of protection to every transaction.

6. No more payment hassles with PayCEC global payment gateway.

PayCEC global payment gateway is a great option for online payments. It is much faster than manual processing, saving tons of time and effort for both merchants and your customers. PayCEC global payment gateway offers various great advantages:

  • PayCEC global online payment platform allows you to take full control over the entire purchase process, and gives you the possibility to react immediately if any problem occurs.
  • PayCEC global online payment platform helps in quick checkout with the customizable checkout page. A merchant thus can customize the checkout page in accordance with the demands.
  • The opportunity to receive and make payments in foreign currencies with PayCEC global payment gateway.
  • PayCEC online payment gateway provider lets you enter new markets faster and accept payments from a world of new customers.
  • PayCEC global payment gateway checks and encrypts each transaction detail in the blink of an eye. This can gain your business’ reputation, and skyrocket your sales by building trust with international buyers as a reliable business.
  • PayCEC online payment gateway provider works only with verified buyers.
  • PayCEC global payment gateway keeps your customer’s money secure until goods are shipped.

PayCEC global payment gateway enhances various great advantages.

PayCEC global payment gateway enhances various great advantages.

Don’t forget to take a note on PayCEC News to update useful information about our global payment gateway.

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About PayCEC

PayCEC global payment gateway was established in response to the growing need for businesses to accept online payments more quickly and easily. In the digital era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC global payment gateway is a truly global payment platform that not only allows customers to get paid instantly and securely, but also withdraws funds to their business accounts in various currencies.

We create an open payments ecosystem that businesses choose to securely transact on any device. We proudly maintain the highest level of client advocacy in the industry.

PayCEC Team

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.