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