To succeed in business, you need to give your customers what they want. And what they want for Christmas this year is convenient and secure online payment gateways. While the number of people paying online is increasing at an astounding rate, this doesn’t mean this is an easy task. Each customer has unique preferences, which means that if you want to keep them (and attract new ones), you have to make sure that your business can adjust to each person’s needs. What does this mean for you? It means offering more than one online payment gateway or finding the one that trumps them all!
Online Payment Gateways To Stay Festive This Season
It’s hard to imagine a world without online shopping. Whether your customers are looking for a new pair of sneakers or a sparkly Christmas tree to suit their home, chances are they’ll find it online. But how do they pay for these purchases? Well, online payment gateways seem to be the new trend. So hop on the sleigh and see which online payment gateways offer all the benefits to your customers.
A credit card is one of the most popular online payment gateways. It’s easy to use; they can set up recurring payments and even earn rewards on their purchases. However, it’s best to avoid using one for purchases that aren’t paid off right away because they could end up facing high-interest charges on what they owe.
Debit cards tend to have much lower interest rates than credit cards do. They are convenient to use, and banks generally offer high rewards. Unfortunately, debit cards have limited funds and are very open to fraud. So you’ll need to ensure your customer’s pins stay as safe as houses; otherwise, they might have to sell theirs.
According to Boku’s 2021 Mobile Wallets Report, it is estimated that by 2025, at least half the world population is expected to be using digital wallets. That’s a serious figure.
Digital wallets can save you valuable time and may help reduce fraud threats. Unfortunately, digital wallets can often be sided with hefty transaction fees that can put your customer off buying your product.
So What is The Most Flexible Online Payment Gateway?
Open The Gates To Payflex
Using Payflex is as easy as 1-2-3. The eCommerce solution is ideal for anyone looking to manage their online transactions while enjoying a wide range of added benefits and perks that come included with our service. Payflex offers your customer the flexibility to pay for any of your products in-store or at home without worrying about paying a cent up front. We pay for them right away, and they pay us back in 4 interest-free installments over a 6-week period.