Why is an E-commerce Payment Gateway Need for Online Businesses?
During the last few years, ECommerce stores have become a new booming trend.
Most people are now exploring these options rather than physical ones.
And for sure, if you’re running these stores…managing payments without an e-commerce payment gateway can be tough.
Having one integrated into your online platform doesn’t only facilitates online transactions but also protects the customer’s data and privacy as well.
But here comes the RM 10,000 question… do you actually need one?
Be with us as we are going to discuss the major benefits of integrating an e-commerce payment gateway into your business.
Foremost, take a quick sneak peek at this technology.
What is Payment Gateway?
A payment gateway is a medium that transfers payment data from customers to the merchant.
More than that, it also keeps the complete transaction ecosystem rolling smoothly and securely.
Still, the question isn’t answered… do you actually need an e-commerce payment gateway.
In the upcoming section, we have shared the major benefits of integrating an online payment gateway.
Benefits of Integrating an E-commerce Payment Gateway
Online businesses and eCommerce stores are booming as technology is coming out at a rapid pace.
Online payment gateways have also gained extensive popularity in the last few years.
It doesn't matter what kind of business or store you run online. It always needs the best payment gateway.
Still, if you’re store doesn’t offer these….here’s what you’re missing.
#1. Faster Transactions
With faster transactions, the E-commerce payment gateway in Malaysia offers the quickest checkout.
The best payment gateway in Malaysia can help you to accept payments at least 50 times faster than normal.
It just needs a few seconds to process the payment, so customers do need not to wait for long. This, in turn, saves a lot of time and effort in managing a single customer.
Moreover, the best part is that you can also receive payments from across the world.
Switch to Mobi, the fastest payment gateway in Malaysia that is serving thousands of businesses.
#2. Better Customer Experience
Customers are the key to a successful business. Without those, no business can succeed.
That’s why it’s equally important to make customers happy and provide them with a great customer experience.
But what you can offer to customers except for a great product? What do they want more?
Having an e-commerce payment gateway integrated saves customers time, enables them to do a transaction without hassle, and get a smooth and fast checkout.
Further, it also reduces the card abandonment rates as well.
And these things can only happen if you have the best E-commerce payment gateway installed.
#3. Recurring Payments
If you have a subscription-based business then you must know the pain of always asking for payment to start a new tenure.
However, asking for payment every single month or when the subscription tenure ends is a daunting task.
But you can solve this just by integrating the E-commerce payment gateway on your store.
An online payment gateway provides a feature to start an auto-debit or auto invoicing mechanism to collect or ask for payments when needed.
This way, you can save a lot of time and effort in asking for money.
#4. Additional Security
The most important benefit of an online payment gateway is that it provides additional security to a transaction.
As the craze for online payments has increased, the possibilities for third-party hackers also increased.
Customers save their card details on online stores for quick checkout. And because of that, hackers may possibly steal your sensitive information like card details and all.
But your customers are safe if you have the best E-commerce payment gateway in Malaysia.
It utilizes industry-standard encryption to secure the customers' sensitive information.
Moreover, they also follow several security layers to save the data of customers.
If you’re in Malaysia, switch to a secure payment gateway that prioritizes security and Mobi is a popular name in this list.
#5. Expand Customer Base
Running a service-based business locally so that you can get instant payment.
It doesn't mean you have a limit to your customer base, and you can’t serve it worldwide.
You can even accept payment in a matter of time. An online payment gateway enables the opportunity to accept payment from anywhere in the world at any time.
Moreover, you can even automate the payment and also manage several transactions on a single platform only.
With the hype of online shopping, online transactions have also increased. But completing an online transaction with security and smoothly is not easy.
If you’re an online business owner, you must have the best E-commerce payment gateway installed on your store to facilitate secure transactions.
Having one enables your store to offer:
- Faster Transactions.
- Better Customer Experience.
- Recurring Payments.
- Additional Security.
- Expand Customer Base.
So, if you’re a business owner, regardless of size, having the best e-commerce payment gateway installed by your side can ensure that the money paid to you safely reaches you.
Delays no more…take your business to new heights by signing with Mobi online payment gateway.