You should use a payment gateway that is secure and convenient. Several payment gateways have PCI compliance and SSL certificates. Some payment gateways allow your customers to enter their card details right on your website without leaving it. If you’re worried about security, consider a non-hosted payment gateway. This will ensure that your customers do not have to leave your website to enter their card details. Non-server processing will make the payment process much simpler.
On-site payment gateway
In contrast to an off-site payment method, an on-site payment gateway enables a merchant to control the entire checkout process on their own website. This eliminates the need to redirect clients to another website. The benefits of an on-site payment gateway include security and the ability to fully customize the checkout system. The downside of using an on-site payment gateway are that it requires more web development and costs more than an off-site payment method.
The benefits of on-site payment gateway are many, and it makes it much easier to streamline payment processing for your business. A poorly-integrated payment gateway not only pushes customers away, but also makes them feel untrustworthy, leading to bad reviews and a bad reputation among customers. Streamlining your payment processing process is essential to the success of your business. Fortunately, there are several options available. Read on to find out more about the advantages of each type of payment gateway.
3D secure
The implementation of 3D Secure is a significant step forward in reducing chargeback fraud and protecting users from payment fraud. This technology shifts liability for unauthorized charges from the merchant to the card issuer, preventing chargebacks and lowering costs associated with chargebacks. Furthermore, 3D Secure can significantly reduce conversion rates, as fewer chargebacks mean fewer sales. In addition, 3D Secure minimizes the amount of time, money, and resources required to manage chargebacks and dispute resolution.
Once you’ve enabled 3D Secure, your customers will be redirected to your payment gateway. From there, they will be required to enter an authentication code sent to their phone via SMS. If the code is verified, the transaction will proceed. Consumers have up to three attempts to authenticate the transaction, but if they fail, it will result in the transaction being cancelled and their credit card on hold. If this happens, you’ll need to re-enable 3D Secure for your website.
Stripe
As a payment gateway, Stripe makes online businesses’ lives easier and helps ensure the safety of buyers. Its anti-fraud system keeps online businesses safe from fraud, and it integrates itself into the web and enables subscription businesses to manage charges. Stripe is also safe to use, and its commission is lower than other payment gateways. Users can manage payments, refunds, and orders from one simple interface, and the company has over 135 countries and currencies in its network.
However, not all customers are happy with Stripe’s Offshore Company Services. Some customers have complained about sudden account termination, sweeping payment reversals, and holding on funds. While third-party payment providers can terminate accounts for any reason, Stripe provides five days’ notice before shutting down accounts. Customers should check out the terms and conditions of all payment providers before choosing one. For example, PayPal charges a $20 chargeback fee on all US payments, and varies fees internationally. Stripe has a lower chargeback fee of $15.
However, Stripe does not refund the processing fees.
Amazon Pay
If you want to accept credit cards, you can integrate Amazon Pay as a payment gateway to your website. Besides being a payment gateway, Amazon Pay offers many benefits, including security features and easy integration. The best way to set up Amazon Pay on your website is by integrating a payment gateway, such as PayPal or Stripe. But before you do that, you should familiarize yourself with Amazon Pay’s features.
Login and Pay with Amazon makes the checkout process easier and less stressful for the customer. It also eliminates any concerns customers may have about their payment information. This payment service was used by ALLSAINTS, which reported a 34% conversion rate and a 70second average checkout time. Using Amazon Pay is free for merchants. It’s also possible to use it with your existing merchant account. But be careful to choose the right payment gateway for your website, since you don’t want to make a mistake.