Why You Should Integrate an eCommerce Payment Gateway into Your Store?
The Malaysian e-commerce industry is growing at a rapid pace.
With every other day, new online businesses and stores are coming into existence. However, a majority of them lack one single feature that is they forget about payment gateways.
No matter what type of business you are running online, accepting payment without these can be a lengthy and hectic process.
However, with an eCommerce Payment Gateway, you can make your life a little stress free.
Not only do they make sure that every single transaction is safe and secure but also offer a variety of other options that can help you in scaling up your business.
Still, confused about should you go with eCommerce Payment Gateways or not?
In the upcoming section, we have discussed some of the major benefits of switching to these payment gateways so that you can decide for yourself.
Let’s get started…
Benefits of Integrating a Payment Gateway
Ecommerce payment gateways offer a variety of benefits for your business.
Multiple checkout options, and faster & safer transactions are few to name.
Here are some of the major benefits that you can look at…
#1. Faster and Secure Transactions
With the best e-commerce gateway in Malaysia, you can offer your customers a faster checkout experience along with security.
Having this can significantly improve the customer’s experience that in the end will boost conversions.
#2. Enhances Cash Flow
Maintaining a healthy cash flow is important for any business. However, with traditional payment options, you may have to wait for weeks before it reaches you.
But with these online payment gateways, you can have them in a matter of days.
Some of the best payment gateways in Malaysia like Mobi offers the next-day settlement as well.
#3. Improves Customer Experience
Let’s put you in customer perspective…would you return to an online store where making checkout was a horrible experience?
Certainly, not.
But since the best payment gateways come with a faster checkout experience along with multiple payment options, it will likely boost your store’s reputation in the customer’s eye.
#4. Saves Time
One of the biggest benefits of integrating payment gateways is that they help in saving time. We actually mean it…a lot of your precious time.
Payment gateways make collecting and accepting payments easy and in seconds. This helps both payer and receiver.
#5. Fraud Prevention
Online frauds are the worst thing that a business can face.
But with a secure payment gateway, you can surely and effectively manage this adverse situation.
The best payment gateway in Malaysia even offers fraud protection tools and even comes with PCI DSS, SSL, and 3D security.
So these were the major benefits of switching to an eCommerce payment gateway.
But wait…things start to become tricky from here. With hundreds of gateway options available, choosing one can be tough.
But as said it’s not impossible.
Take a look at the next section to know what things to consider before choosing a payment gateway for you.
How to Choose the Best Payment Gateway in Malaysia?
Let’s jump to the basics. The primary motto behind creating a payment gateway was to provide customers with a fast, easy, and secure checkout option.
However, with technological improvements, the best payment gateway offers much beyond this.
Here are some things that you must check out before integrating one into your online store/business.
· It should be compliable with all major payment gateway security features and fraud prevention policies.
· It should create an appropriate payment flow.
· Must support your business model and have 24/7 support.
· Must have transaction frequency and fees according to your needs.
Let’s now take a look at the best payment gateway that actually have all these.
What Does Mobi Offers for You?
Mobi is one of the names that you can often hear in the Malaysian Payment Gateway Industry.
Incorporated in 2014, it is a new generation payment gateway that is now powering thousands of Malaysian businesses.
Initially, it was started as an e-wallet payment gateway but now it is focusing on B2B transactions as well.
Here are some key features of Mobi:
· Offers fast and easy transactions
· Is secure and PCI DSS certified
· Offers data encryption
· Comes with multiple payment options
And last but not least…it is cheap. Mobi is considered as the lowest fee payment gateway in Malaysia.
Sign up today to know more about this payment gateway.
Over to You
If you’re a business owner having an eCommerce payment gateway installed by your side can surely make a difference.
Not only does it helps in providing your customers with a secure and user-friendly checkout experience but it also ensures that paid amount reaches you safely.
Hopefully, all these pieces of information has helped you.