Unlocking the Future of Payments: Gateway Integration, Processor Selection, & Alternative Options

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  Imagine a frustrated customer, cart overflowing with exciting finds, ready to check. But as they reach the payment page, their enthusiasm deflates. Limited payment options stare back – no digital wallets, no convenient BNPL options, just the traditional credit card route. Discouraged, they abandon their cart, leaving you with a lost sale and a valuable lesson: in today's dynamic world, the "Future of Payments" is no longer a distant vision, it's here, and it demands a shift in how you approach online transactions. This blog dives deep into the three pillars shaping this future: mastering payment gateway integration , selecting the best payment processor for your business and embracing a diverse range of alternative payment options. By mastering these elements, you can ensure a seamless, secure, and future-proof payment experience that keeps customers happy and your sales soaring. Mastering Payment Gateway Integration: Way of Seamless Transactions Before we de...
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Unlock the Potential of the Online Market with WebPay’s Online Merchant Account

 

Introduction

The world is moving toward online marketplaces. Customers, as well as merchants, find online businesses convenient and efficient. This is why global e-commerce sales (B2B and B2C) reached $26.7 trillion in 2019, accounting for 30% of the total GDP of the world that year. Online businesses have seen a significant growth rate in the past few years, and reports suggest that this trend will continue in the future. To run a business online, merchants need some fundamentals, such as the goods or services they want to sell, the platform (a website or app), and the merchant service provider (MSP). The merchant service provider is the entity that facilitates payment processing by providing online merchant account and an international payment gateway and enabling businesses to accept payments. In this article, we will understand payment processing for online businesses in this competitive market.


 

What is an Online Merchant Account?

An online merchant account, also known as an internet merchant account, is a replica of a business bank account that allows businesses to accept payments from customers worldwide. It enables merchants to accept payments in multiple currencies and payment methods 24*7. Using an online merchant account, merchants can accept a large number and volume of customer payments. It is the account where payments from customers come first. After settlements, merchants can transfer this amount to their regular bank account.

Online merchant accounts are provided by MSPs as banks and conventional financial institutions (FIs) hesitate to work with online businesses. Banks and FIs consider online businesses high-risk due to several reasons, such as elevated fraud and chargeback problems. Moreover, regulations, restrictions, the global reach of online companies, the use of alternative payment methods, and international currencies are other reasons for considering online businesses high-risk. An MSP that does not have experience working with high-risk businesses cannot provide a superior payment experience. This is why WebPays comes into the picture.

How is WebPays the Best Online Merchant Account Provider?

WebPays is a leading high risk payment processing provider in the world that an online business needs. As discussed in the previous sub-heading, most online businesses are considered high-risk and need special solutions. No matter what your business is, whether it’s online gaming, forex, IPTV, adult entertainment, tobacco, e-cigarettes, or e-commerce, WebPays, a high-risk merchant account provider, can provide the safest, fastest, and smoothest payment experience. WebPays is the best for hundreds of reasons, but we have listed a few of them here. Let’s have a glance at them.

..I.           Global Reach:

WebPays is available in more than 150 countries and supports 100+ international currencies. It has developed an understanding of several markets, rules, and regulations. Utilizing this knowledge, it can offer you free suggestions and help you establish yourself in new markets. In addition, its international payment gateway gives you the wings to serve 8 billion people worldwide.

..II.         Full-stack Solution:

WebPays is a full-stack merchant service provider, which means it can provide all payment solutions in one place. It can give you a merchant account, payment gateway, fraud and chargeback prevention mechanisms, and risk management system all in one place. A full-stack provider solution undoubtedly provides better optimization that leads to smooth and seamless transactions.

..III.       Top-notch Security:

Security is paramount when dealing with online transactions. Being a high-risk payment processor, WebPays uses robust security measures, such as SSL encryption, tokenization, 3D secure authentication, AVS and CVV checkers, geographical local trackers, etc. Moreover, they utilize advanced fraud and AI-based chargeback prevention mechanisms to safeguard their merchants.

..IV.      Alternative Payment Method Support:

WebPays knows that payment preferences differ from region to region, and people always prefer to pay with their local payment methods. That is why they offer 35+ payment methods, including credit card processing, e-wallets, bank transfers, ACH, and digital currencies. Moreover, they also embrace local payment methods like iDeal, Apple Pay, Google Pay, PayPal, etc., to improve customer retention rates, which will ultimately help you boost your revenue.

..V.        Responsive Customer Support:

WebPays understands that online businesses have no shut time and run round the clock. This is why they offer 24*7 dedicated customer support.

..VI.      Personalized Experience:

WebPays knows that every merchant may have different requirements for payment solutions and features in it. To cater to all merchants, WebPays provides a customized payment solution that can be altered according to the needs of specific merchants. Merchants can match the payment gateway page theme with their business page theme.

..VII.    Quick & Smooth Integration:

WebPays has created a working mechanism in which an application for merchant accounts passes through several teams within a day. In some cases, onboarding may be delayed only when documents are missing, or there is some technical glitch. Otherwise, we are always on time. We have developed APIs and Plugins for quick integration with payment gateways, platforms, and merchant accounts. You can start accepting payments the same day with WebPays.

..VIII.  Transparent & Competitive Pricing:

WebPay's fee structure is transparent, and they do not have any hidden fees. They lay down the fees according to the services merchants want to use. They do not impose costs in the name of mandatory features. Moreover, WebPays provides competitive pricing for all services it provides. Even their fees are among the lowest in the world.

Besides these advantages, WebPays has hundreds of other inherent benefits. To learn more, visit www.webpays.com.

 

Conclusion

Online businesses are thriving in this digital age of 2023. Companies that are looking to expand their territories worldwide will require an online merchant account and an international payment gateway. To fill this need, we highlighted the best features of WebPays that make it an ideal option for online merchant accounts. Moreover, WebPays provides its high-risk online merchant account to regulated and unregulated merchants. So don’t let a merchant account hinder your success in the online marketplace. Acquire WebPays and enjoy a hassle-free payment solution experience. Apply now for instant approval of your merchant account.

Location: Europe

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