Friday, 07 Jan, 2022
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Are you looking for a global, seamless, safe and secure single payment solution for your ecommerce sites? You got the answer now with the Mastercard payment gateway. Online merchants have a chance to discover the land of milk and honey in terms of international business networks. The article will help readers understand the core values of Mastercard online payment gateway and catch the potential approach.
Connecting merchants & consumers worldwide with payment gateway for Mastercard
Mastercard is an international company that provides payment services within its network. The company offers payment cards to consumers from credit card to debit card or prepaid card including physical or virtual cards. Mastercard’s businesses are mainly through partnerships with banks and financial institutions as well as organizational co-brand partners to offer merchants a solution to accept card payments from consumers.
The payment industry has matured in the era of digital practice. Consumers are demanding more from online companies as well as small businesses. Mastercard payment gateway is a credit/debit card processing gateway that enables client companies to accept card checkouts from their customers via a connection point within the payment journey. From that, consumers can purchase products and services while companies can get paid easily.
The innovation of e-commerce has triggered the booming of online payment services, leading to a difference when it comes to Mastercard payment gateway services.
The point of sale (POS), an important component of a point of purchase, is the location where a client makes a payment for goods or services, as well as where sales taxes may become payable. It could be a physical store with POS terminals and systems processing Mastercard payments. Comprehensively, physical Mastercard payment gateway services support in-person payment where the card presents at the purchasing decision.
Mastercard POS is a powerful feature that facilitates retailers to reach higher KPI regarding revenue. This physical Mastercard payment gateway stimulates consumers to pay with ease and sometimes make a few impulsive shoppings.
Mastercard physical POS (point of sales)
Mastercard online payment gateway normally refers to e-commerce transactions where payment activities happen on online platforms or digital mobile apps. The technology captures data of Mastercard credit card information that customer input on the checkout process. Mastercard online payment gateway is used in online transactions or card nonpresent payments.
Mastercard online payment gateway (virtual POS)
When it comes to the operation of Mastercard online payment gateway, a payment settlement method is always followed. This occurs when a client purchases a service or product from a merchant who accepts payments via a Mastercard payment gateway. Beginning with the entry of card information and concluding with payment being placed into the merchant's account and settlement, the payment gateway goes through a sequence of phases.
The Mastercard payment gateway acts as a middleman for the customer and the merchant, ensuring that the transaction is performed safely and efficiently. The gateway acts as an intermediary between the acquirer and the merchant during payment processing, managing the customer's sensitive card information.
How does Mastercard payment gateway work?
PayCEC is a payment service provider that accepts Mastercard payments via an online platform. Online firms or small businesses can integrate PayCEC payment gateway platform into their e-commerce website to facilitate Mastercard payments from online shoppers.
Normally, when establishing an e-commerce website, online merchants need to meet all security requirements from web-related authorizers. If your web page accepts online card payments especially from Mastercard issuer, your company is required to equip PCI DSS compliance. The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle branded credit cards from the major card schemes. The PCI Standard is mandated by the card brands but administered by the Payment Card Industry Security Standards Council. The standard was created to increase controls around cardholder data to reduce credit card fraud.
It sounds complicated but don’t worry, PayCEC has it all for you. By setting up PayCEC payment gateway, you are free of mind with compliant requirements, because our platform includes PCI DSS high standard in the Mastercard payment gateway services. Your business transactions and customer sensitive information will be protected with strong encryption.
Online commerce websites can be easily developed on various open sources. It is obvious that your business should employ a technical team who will be in charge of development projects. While big companies own a rich resource to hire a development team, small and medium size firms may look for another solution. That is why PayCEC development team has established a Mastercard payment gateway API for clients to install those e-commerce platforms without a technical-savvy person.
Whether you build up your ecommerce store on Wordpress with the woocommerce solution or OpenCart or even WHMCS open source, PayCEC Mastercard payment gateway API can take it all. The integration process is very simple, your team only needs to download the API and follow the guidelines for every single open source.
Multiple sales channels and payment technologies are covered by a single, integrated payments platform.
With innovative online payment technologies that enhance speed, convenience and security, Mastercard online payment gateway enables your customers to enjoy a seamless shopping experience. By this feature, your business earns a great deal of sales opportunities as well as minimise the cart abandonment rate.
Online payment processing enables instant access into new markets and geographies. The number of Mastercard users worldwide is worth for online merchants to pay attention to. According to creditcards.com , there were 249 million Mastercard credit cards in the U.S. and 725 million cards in the rest of the world at the end of March 2021. If your website is integrated with Mastercard online payment gateway, your online business will land on the milk and honey market.
Overcome security challenges with infrastructure and technology platforms that meet Mastercard's strong safety and security requirements. As a result, your business will earn more loyal customers and enhance sustainable development.
Utilize a single solution to meet all global needs. Your team can save more time to search for a payment provider in every market with Mastercard online payment gateway. This solution fits all markets from US to Canada, from UK to EU or Singapore to Japan and anywhere in the world.
Pricing package is flexible depending on your needs. Let’s check the link below to update the latest offer prices. PayCEC offers a customized price that fits your demands. If your business has already incorporated with a business license, it is super easy for you to set up a Mastercard payment gateway. Then the price still depends on the location of your firm. There is a little bit of difference between regions and features to be offered. If your business still has not registered for a license, please contact us for support in documents consultancy and processing.
Please note that fees and charges are subject to change from time to time.
PayCEC was established in response to the growing need of businesses to accept online payments more quickly and easily. In the new media 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 is a truly global payments platform that not only allows customers to get paid but also withdraws funds to their Business accounts in various currencies.
We have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online and on mobile devices.
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.