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Web Designing Dubai will help you to select the best Payment Gateway for your business or develop a custom payment gateway. We offer a complete range of online payment gateway integration and development.
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What is a payment gateway? A payment gateway is an application that enables a business to accept online payments. A payment gateway will usually have a range of features depending on the type of business you’re in and what your payment needs are.
Card Payment Options for Small Businesses A Credit Cards and debit cards are one of the most common ways people choose to pay for goods and services online. However, they’re also one of the most expensive. You’ll usually have to pay a percentage fee (an introductory rate between 2.5% – 5% is common) and a small fixed amount as a service charge. So, make sure you understand your card processor’s fee structure before accepting the card payment option.
Payments with PayPal APayPal is one of the most popular online payment gateway. It’s especially popular among online sellers. PayPal is an easy payment method for your customers since they don’t have to share any financial information. It’s also a convenient way of receiving payments if you sell internationally since you don’t have to wait for a check to clear. The Disadvantage of PayPal is its charges a fee for each transaction and also takes a percentage of your sales as a commission.
Payments with E-Wallets E-wallets are digital wallets that allow you to store money in an online account. These are similar to PayPal, but they’re also available in most parts of the world. The advantage of E-Wallets is it’s convenient for both you and your customers. They can also be used for recurring subscriptions and gift cards. The disadvantage of E-Wallets is it’s not common as PayPal, so it’s important to inform your customers about this payment method. You’ll also have to pay a small amount each time a customer uses this payment method.
Payments using Blockchain Technology Bitcoin is a decentralised digital currency. You can start accepting payments in this currency by installing a cryptocurrency wallet on your website. Bitcoin is a decentralised currency, so any government or financial institution does not control it. It also doesn’t have any transaction fees. but it’s not widely accepted as other digital currencies
How to choose the best payment gateway for your ecommmerce store As you can see, there are many different payment options available. Choosing the best payment gateway for your business will depend on several factors. For example, if you select a payment gateway, you have to consider the cost and security of the payment method. Credit cards are costlier and less secure, while debit cards are cheaper but less secure.
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