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Do you need a payment gateway in Canada?

13 Jul 2022 By PAYCEC

Canada is a lucrative e-commerce market. It seems that Canadians are doing a lot of online shopping these days, so businesses can leverage many advantages when doing business online. The necessary factors for your online store is a merchant account and a secure payment gateway integrated to your website. Below are the reasons why e-commerce merchants need these factors:

Convenience

Customers can shop and pay at any time and from any location. One of the most notable advantages of the online payment gateway platform is that it makes electronic payments much more convenient and simpler than ever before. Furthermore, there is no time constraint within the day as there is in physical stores.

Improved buying decisions

Purchases made on the spur of the moment account for roughly half of all e-commerce spending. The payment platform is included with the digital platform to encourage shoppers to buy more freely and without barriers. Customers can make final decisions without being constrained by time or location, as in physical stores; this is known as impulsive buying.

Developed customer base

The payment platform enables merchants to connect with anyone, which was previously impossible with physical establishments. At this point, it boosts the merchant business's sales as well as its overall performance/operation. Additionally, it broadens the customer base.

Payment verification

Merchants can easily manage their businesses because the data center sends payment confirmations to them every time a purchase is processed or completed. The merchants will then decide on the next steps.

Enhanced security

The Payment Card Industry Data Security Standard (PCI DSS) is a set of rules that any business must follow in order to process, store, and transmit cardholder information. It is regarded as the most important practice in creating a secure environment for various types of information in E-commerce. To protect and handle the shopper's data, online payment gateway providers in the USA, particularly e-commerce merchants, must ensure PCI DSS compliance.

Recurring billing

Payments are made with a single click, merchants' customers have multiple options for recurring payments, and there are more solutions to make payment processes more convenient and faster. It all depends on the shopper's requirements.

Integration

Payment gateway - it connects to merchant accounts. It gives them a number of options for integrating online card processing capabilities with the merchant business account. There are several distinguishing features that explain transaction types and encourage merchants to integrate a payment gateway into their websites.

Detection of fraud

Everything is related to the merchant and their shopper's information. Nowadays, most payment gateway providers perform a function that includes fraud screening rules that are highly flexible and can be fine-tuned to meet the needs of merchant businesses. This service assists merchants in automating and streamlining scam operations in order to maximize revenue.

Various payment methods are available.

As can be seen, most local payment gateway service providers now accept a variety of payment cards, including credit and debit cards. Aside from that, it depends on which country accepts Visa, such as Asians, while in the UK (Europe), they tend to accept Mastercards, or in North America, they will prefer AMEX and Mastercards.

Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

Have other questions?

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about us

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.

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