Thursday, 17 Jun, 2021
Woocommerce on WordPress
In today’s world, covid-19 has devastated traditional sales systems and paved the way for the retail industry to go digital. Websites always want to capture customers at this potential head market. To pay for a consumer's orders, they need to choose a payment method and flexible check-out process. The best payment gateway for woocommerce can give owners the management system for controlling their customer payment.
Consumers can use many ways to check out an order on the e-commerce platform such as credit card, debit card, e-Wallet, or cash voucher. There are various types of merchant account setup systems which can help a commercial website become an e-commerce platform. However, PayCEC is still the best payment gateway for woocommerce.
Table of contents:
Payment gateway is necessary for online payment
Firstly, we have to understand the definition of a payment gateway. The payment gateway is a software application that connects the merchant, the merchant's acquiring bank, issuing bank and the consumer to provide authorization and settlement services. The entities are linked by a communication link, which can be either electronic or physical. Payment gateway nowadays is changing to accept all payment processes by using a technology which allows user storage and payment tools and pay an order through a smartphone.
For a simple example: you want to buy a program on the PAPmall e-commerce website. When you pay for that order, the payment gateway helps you in the transaction process to PAPmall and check out your order payment.
As a payment gateway system like PayCEC, it provides many functions in payment service for credit card, debit card, etc. All payment gateways have these essential features which allow any business transaction system to work in a security situation.
Woocommerce, solution for online business
Woocommerce is an open resource plugin in WordPress which is used to assist e-commerce platforms. Its principal function is to turn a website into an e-commerce platform quickly and easily. Woocommerce has all functions that a professional e-commerce website needs like: order cart, quantity of goods/services, promotion, customer registration, etc, and the most important function payment gateway. Payment method is the crucial one in the online shopping process, and online stores need the best payment gateway for woocommerce to handle online payments with ease.
Like PayCEC, the payment gateway needs to integrate into e-commerce platform for payment processors. So, the payment gateway for woocommerce is the last step to accept payments like international cards, e-wallet that connect the online shopping merchants, banks, and customers.
Woocommerce provides online shopping stores a huge number of useful features.
Woocommerce can create product lists that customers can enter and research product information. This function can help e-commerce owners control traffic of a specific product on their website and customers can seek product code, name, storage, amount, etc.
Automatically calculating total budget for customers helps shoppers in payment quickly and easily. In addition, woocommerce enables customers in calculating the budget of cashback, promotion, cash voucher, etc.
Security is everything with a payment gateway? The answer is No. The payment gateway provides every e-commerce platform with many features which help e-commerce owners control the traffic in payment and tracking consumer’s transaction behavior. A suitable woocommerce payment gateway much have all these features below:
Payment gateway can help e-commerce in providing various payment methods and currencies - which is suitable for global business e-commerce platforms. Diversity in Woocommerce payment method can approach more customers.
It needs to give the e-commerce platform full ability to customize the payment gateway, checkout processor. For example, online stores can customize the brand logo and color guideline in the payment checkout by using PayCEC. Customers will receive familiar experiences and a smooth process.
Payment gateway has to understand that the world is changing and payment experience is changing too. Customers can make an order payment through any device from PC, Laptop to tablet, mobile. It gives customers a more convenient payment checkout processor.
The best payment gateway for woocommerce needs to be flexible in the payment process. Such as PayCEC technology can detect whether customers on their PC, tablet, or phone. From that, it automatically displays an optimized design interface for that device.
Every merchant is assigned a Personal Account Manager who is solely responsible for their needs. Personal Account Manager is a solution designed to help merchants run their businesses while also addressing difficulties such as compliance, regulation, and card plan conditions.
Account Management Services offers each merchant a functional account that allows them to safely manage their accounts. If the merchant's business experiences difficulties, the account can provide the necessary data to determine the root cause.
Each e-commerce platform requires different risk management and it depends on the business model of each platform.
To reply to all diverse demands and challenges from e-commerce business which is built on woocommerce WordPress platform, payment gateway provides a powerful security system with two-tier architecture. It simply automatically checks for fraud while a dedicated risk management team monitors all transactions in real-time. The fraud screening rules are highly adaptable and can be fine-tuned to meet your specific company requirements. This feature focuses on 3 main features:
Payment gateway always focuses on protecting e-commerce ecosystem and customers of that e-commerce platform from fraudulent activity. Updating in real-time, payment gateway can give e-commerce owners a view of their changing risk exposures. From that, they can take action to mitigate it.
The built-in fraud scrubbing and security capabilities in PayCEC enable the e-commerce platform to eliminate the need for manual transaction checks and eliminate fraudulent sales that necessitate chargebacks and refunds.
3D Secure is an authenticated payment system to improve online transaction security and encourage the growth of e-commerce payments. Collectively Visa, MasterCard, and AMEX secure systems are brand identities of the 3-D Secure Cardholder Authentication Scheme.
By demanding additional payment authentication, 3D Secure systems mimic the high level of security found in a physical payment environment. The goal is to deliver a safe and secure online payment experience across all three domains by employing a password that is verified by the card issuer and then double-checked by all other parties participating in the transaction. Payment gateway 3D secure follow 4 steps below:
Step 1: Make an online purchase.
Step 2: Enter your card details in the Payment section.
Step 3: An SMS with a one-time password (OTP) will be sent to your registered mobile device.
Step 4: Enter the one-time password (OTP) and complete your transaction.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of industry-mandated requirements for any business that handles, processes, or stores branded credit cards from the major card schemes. PCI DSS was developed to protect consumers and their data whenever and wherever they make online payments.
Payment gateway compliance 6 objectives in PCI:
Easy to understand, this feature has the function of changing the card numbers of customers. All essentially sensitive consumer information would be replaced by a one-of-a-kind identification or token that could not be reversed mathematically. The actual payment information is securely held in Visa Inc.'s data centers. In most cases, the token will keep the last four digits of the card as a means of accurately linking the token to the payment card owner, allowing the merchant to conduct business without having to deal with card data.
PayCEC: Best payment gateway for Woocommmerce
So why is PayCEC the best payment gateway for woocommerce for online shopping stores?
Firstly and most importantly, it is easy to integrate with woocommerce for every online store and beginner. In addition, In a market report 2020, approximately 62% of online businesses choose WordPress as their e-commerce platform building system. And 37% of online businesses in the world are using woocommerce and these are the reasons for PayCEC’s performance as the best payment gateway for woocommerce:
PayCEC is compatible with most websites. This is very important for an online website that wants to turn into an e-commerce platform fastly.
Installation and setup of PayCEC payment gateway for woocommerce are very easy. Online store owners don’t need a professional technique for integrating systems.
PayCEC allows e-commerce owners to design their favorite color and brand on the payment gateway. Technically, It makes e-commerce platforms identical and optimizes online store payment in consumer’s experiences.
PayCEC payment gateway includes 3D secure, PCI DSS, and Tokenization which can tokenize all payment of customers. Basically, payCEC can limit data leaks, protect customers better and optimize e-commerce security in risk management.
Step 1: Download Installation file
Step 2: Install PayCEC Payment Gateway to WooCommerce
Step 3: Configure and activate the PayCEC Payment Gateway
PayCEC was established in response to the growing need for businesses to accept online payments more quickly and easily. In the new 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 is a truly global payments platform that not only allows customers to get paid instantly and securely but also withdraws funds to their business accounts in various currencies.
We have created an opened and secured payments ecosystem that entrepreneurs and businesses choose to securely transact with each other online and on mobile devices. We proudly maintain the highest level of client advocacy in the industry.
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.