What is a Payment Gateway in the E-Commerce world?

What is a Payment Gateway in the E-Commerce world?

It's the heartbeat of online shopping; picture this: You’re shopping online for that perfect pair of shoes. You find them, click "buy," and enter your card details. Within seconds, your order is confirmed. Behind this smooth transaction is a payment gateway. It securely captures your payment information and communicates with your bank to approve the purchase. Once approved, the payment gateway notifies the website, and your order goes through seamlessly. This tiny but mighty system is what keeps the wheels of e-commerce turning.

The main hero of any payment gateway is payment methods. Variety is the spice of life, and the same goes for payment methods. A good payment gateway like Telr offers local options like Mada in Saudi Arabia and international methods like Visa, Mastercard, American Express, UnionPay, and more. Additionally, it supports e-wallets such as Apple Pay, STC Pay, and urpay. Plus, with Buy Now, Pay Later (BNPL), your customers can get what they want immediately and pay in installments, which will reflect positively on the average conversion increase of +18% and the average order value increase of +33%. This flexibility not only enhances the shopping experience but also significantly boosts sales for businesses. All transactions are processed with the highest level of security, PCI DSS Level One, ensuring your payments are safe and secure.

 Tools That Transform E-Commerce Payment Gateway Provides:

 

Let’s talk about payment links. They are like magic wands for merchants. With payment links, businesses can send a simple link through messaging apps or social media. When customers click on it, they’re taken to a secure payment page to complete their purchase. It’s convenient and secure.

QR codes are another fantastic payment method. Picture a delivery driver handing you your package. Instead of fiddling with cash or cards, you simply scan a QR code with your phone and boom! Payment done. It’s quick, easy, and perfect for on-the-go transactions.

E-invoices take convenience to the next level. Merchants can send an e-invoice to customers, who can then pay instantly online using a variety of payment methods offered by the payment gateway, like Visa, Mastercard, AMEX, UnionPay, and PayPal.

Recurring payments: Imagine never having to chase after monthly payments again. With recurring payments, your customers enter their payment details just once. After that, payments are processed automatically every month. No more follow-ups, no more delays—just smooth, uninterrupted transactions that keep everyone happy.

 

Advanced Solutions for Growing Businesses  

Split Payments are a lifesaver for businesses managing marketplaces. They allow for easy distribution of funds to suppliers, agents, drivers, and vendors. No more headaches over who gets paid what.

 

Getting Started with a Payment Gateway  

Ready to jump in? It’s simple. Reach out to us, and we’ll get to know your business. After you provide the necessary documents, we’ll handle a quick KYC process. Meanwhile, you can start integrating the payment gateway into your website. We’ll review everything to make sure it’s good to go. Once approved, you can start accepting payments via website, mobile applications, or popular-commerce platforms like WooCommerce, Shopify, and Magento.

 

Conclusion

In the world of e-commerce, having a reliable payment gateway and offering various payment methods can transform your business. Tools like payment links, QR codes, e-invoices, and advanced solutions for recurring and split payments make transactions smoother and customers happier. Start your journey with us today and see how a top-notch payment gateway can elevate your business.

 

Join us and let’s make your e-commerce dreams come true!

 

 By Zena Asfour

Regional Marketing and Communications Manager

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