What is Global Payment Service?

05 Apr 2022 By PAYCEC

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 service is crucial for online businesses.

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

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.

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

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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.

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