How to Pick the Ideal Payment Service Provider to Boost Your Business

Setting up a new business can be challenging, especially when it comes to implementing a payment gateway system. It is important to choose the right payment gateway provider to ensure a smooth functioning and cost-effective system with a good conversion rate. Service providers such as Payment Asia are very flexible and are a great option instead of traditional merchant accounts. Most payment service providers offer API access guidelines to merchants so that they can connect the payment gateway to the corresponding application. The plug-ins are usually supported by some payment gateway providers such as Payment Asia are Wix, Shopify, ShopLine, WooCommerce, OpenCart, PrestaShop, Magento, and WordPress.

Points To Consider Before Choosing a Payment Service Provider

Here are a few technical aspects to consider when looking for the right kind of payment service provider:

1.    Location – Different payment service providers offer different features, and therefore based on the type of goods and services that you provide, you can choose either a local service provider or a global one.

2.    Mobility – Most customers and merchants prefer simple and efficient solutions, and hence it is better to choose a payment service provider that offers easy check-out options and one that is able to adapt to mobile devices as well. As per Payment Asia reviews, they provide mobile-app options that are simple to use.

3.    Compatibility – A payment service provider needs to be compatible with various online payment services. Take note of the various modules that the service provider offers. A service provider should be able to offer redirecting and API connections that would benefit your business.

4.    Security – One of the most important aspects to be considered is how secure the payment service provider is, as this will reduce the risk of fraud. Payment service providers need to follow certain security standards like PCI-DSS and other regulations. Therefore, when choosing your service provider, make sure they have the appropriate certification and are following the required security protocols.

5.    Varying fees – Payment service providers have varying fees, depending on the number of transactions and sales revenues. There could also be cancellation fees, set up fees, and even some monthly charges. Therefore, it is vital that you analyze all these aspects before choosing the right PSP.

Look for a reliable payment processing provider such as Payment Asia. By opting for a trustworthy processing provider, you can focus on other aspects of your business and enhance the growth potential of your business.

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How Can Your Company Benefit from PCI Compliance?

PCI DSS compliance is abbreviated from Payment Card Industry Data Security Standard. It’s an information security standard that contains security requirements for companies. These compliances come in handy when your company is dealing with intricate details data of the cardholders or the related processes. The compliances are uniquely designed and, thus, differ with the number of transactions carried out by each company. Not only is it a mandatory requirement, but also is a great shield from major online frauds and data breaches. However, only a few gateways like Payment Asia include PCI DSS regulations. Read on to find out how your company can benefit from PCI DSS compliance.

Builds a trusted customer base

Every company needs a trustworthy customer to ensure a good market reputation. Thus, payment gateways like Payment Asia include PCI DSS compliances. It is a hallmark that shows that your company values security information, thereby creating a trustworthy customer base. The compliance does not rule out data breaches completely; however, it does provide the necessary steps that you can take in such a situation. Requirement 12 of the PCI DSS compliance provides regulations that a company needs to resort to in case of a breach of information.

Builds a data-protection wall

PCI DSS compliance ensures a data-protection wall for gateways through 4-level wall of compliance. The level of the compliance processes is designated based on the number of transactions per year. Thus, if your company has over six lakh transactions per year then it will include the first level of compliance. However, if the per year transaction process rate is between one to six million, it will fall to the second level. Thus, the more the number of transactions, the more rigorous will the compliance process be. Payment Asia reviews often reflected customer satisfaction for the compliance regulation and the safety that it lends to business owners and their customers.

Builds dynamic processes

Changing with time and enhancing the compliance processes is one of the many reasons for ensuring PCI DSS compliance. Thus, gateways like Payment Asia ensure that your company is not just protected and prepared for current threats but also braced for emerging threats. The compliance process develops new patches for the development, protection, and maintenance of the security systems of your company. As mentioned in Payment Asia reviews, the added feature of built-in fraud detection minimizes damage and eradicates data breaches by online frauds.

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How to Scale-up Your Business with a Trusted Technology Partner

One of the major business decisions involves investment in a technology provider to have the most appropriate and updated solutions. Often, more than just software solutions, it constitutes a business relationship where each partner works together to make the output more effective. With exponential growth in technology over the last decade and the newer business opportunities, you should look for a technology partner who can understand your needs and offers comprehensive e-commerce solutions to your business, rather than passively offering payment options. Read on to know how Payment Asia can work with you to achieve the full potential of your business.

 A Long-term Relationship

Technology advances so quickly, and it contributes to the success of your business to a great extent. It is essential to maintain a long-term relationship with your technology provider to employ all the opportunities. The customized and omnichannel approaches of Payment Asia allow you to utilize the strategic business initiatives that can be taken to drive your sales. Remember, it is not just a passive payment solution that makes your relationship fruitful.

Communication: Look for a Passionate Service

Clear and frequent communication is vital in maintaining a relationship, which is very accurate in the case of a customer and service provider. You will never feel like your questions are unwelcomed in Payment Asia. The 24/7 customer service in multiple languages ensures constant communication with you during any difficulties or technical problems. Further, the company boasts of support in account management and fraud monitoring to keep your business safe. Enjoy the service from the heart!

Flexibility: Tailor-Made Solutions

The one-size-fits-all approach rarely works in any solution, let alone technology in business transactions. The variety in business needs, geographical diversity, multiple languages, varying needs of target customers, etc., can have a major impact on the services you expect from your technology partner. The ability to adapt to new situations and demands determines the quality of your relationship, and only that can contribute to the success of your business. The one-stop e-commerce solutions of Payment Asia are scalable and custom-made to fit your needs.

Partnership Program

Payment Asia's partnership program is intended to nurture the relationship with the partners. Additionally, it provides multiple benefits like free access to financial and market information of the payment industry, attractive rewards and packages, business synergizing and cross-selling on collective service, etc., among other services. Contact Payment Asia’s Kenneth for more details.

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Importance of Businesses Keeping Up with Technological Advancements

Technology is constantly being updated in all spheres, including the finance industry. Therefore, businesses must be tech-savvy and have employees who can keep up with technological advancements.  There is increased upgradation in the payment processing industry, too, with PaymentAsia bringing out new e-commerce payment solutions such as the PA Pay App, all-in-one payment solutions. The adoption of these sophisticated payment solutions helps to increase customer loyalty among millennials. Ecommerce payment service providers are expected to be dynamic in their payment solutions offerings to their B2B customers.

Different Online Payment Methods You Could Choose

One of the most convenient ways of making your B2B payments is by using your credit card.  They provide you with the security features you require by encrypting all your confidential information, but the payment process is really fast.  Online and mobile payment options are increasingly becoming popular with the rapid expansion of the smartphone market.  Here, there is payment data protection and the ability to pay in different ways through a single platform.  The one-stop payment solution platform provided by PaymentAsia allows you to pay with several options and alternative payment solutions.

Pros Of Opting for Payment Asia

PaymentAsia’s Kenneth confirms that the company helps out businesses in aviation, e-commerce, tourism, and finance, among others.  They help these businesses to increase their customer base and reduce their cost of operation by providing them with seamless payment solutions.  There is real-time processing of online debit and credit card transactions with security features such as data encryption, secure sockets layer network protocol.  Payment Asia is also PCI DSS Level 1 compliant, which is the most stringent of all the PCI DSS levels and further adds to the security layer they provide for their clients.

Omnichannel Payment Solutions for Your Customers

As a B2B business, you will know best what kind of payment solutions suit your customers.  Choosing PaymentAsia as your payment processing partner will ensure your customers have omnichannel payment solutions such as e-wallets, credit or debit cards, direct debit, bank transfers, mobile payment, QR code system, or whatever suits them.  You can thus accept payments anytime and anywhere efficiently with low transaction rates and no chargeback.  There is also no opportunity for payment repudiation as you would have for check payments.  The use of mobile app payment gateways such as the PA Pay App has made it possible for clients to benefit from cashless payments.

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Why Are Businesses Opting for Omni Channel Payment Solutions?

Offering your customers multiple payment channels is omnichannel payment processing. These should be integrated well into your system to provide visitors with a seamless experience.  When customers come to your website attracted by your branding and advertisements, they expect to experience the same smoothness and ease in the payment process too.  Providing them with omnichannel payment solutions ensures the success of your website.  PaymentAsia  is one payment processing partner you can depend on to provide your customers with a seamless payment experience.

Adapting To Needs of Merchant Customers

Payment Asia uses state of the art technology in their omnichannel payment solutions so that your customers can enjoy the benefits of a reliable and secure system. Some of the alternative payment methods they support are eWallets, Apple Pay, Paypal, Direct Debits, Bank Transfer, and Mobile Payments. PaymentAsia adapts to the popular payment choices of the people of the countries they serve. In China where QR codes are used by everyone, Payment Asia launched a mobile app payment gateway called PA Pay App to provide them with the best online payment platform.

A One-Stop Payment Solution

By providing merchants with omnichannel payment processing solutions, PaymentAsia ensures that they reduce their operation cost and improve their transparency.  The pandemic and lockdown has led to a great increase in people making online purchases and looking for easy online payment methods.  There has been a manifold increase in the number of people using eWallets for the simple reason it is so easy to use and it is even accepted by roadside vendors.  Alipay and similar payment methods are very popular among customers aswith just a quick scan with your mobile phone, the payment process is done.

Positive Payment Asia Reviews from Satisfied Customers

The positive PaymentAsia reviews from happy customers are proof of their sensitivity to your needs as a merchant and willingness to innovate to meet your needs.  They serve both your domestic and global online businesses.  Since inception in 1999, they have grown and branched out into South East Asian countries and established themselves there mainly due to their ability to adapt to the habits and desires of the local people.  When merchants opt for omnichannel payment processes, all data goes to the same processer makingreporting and reconciliation easy as well as confirmation of receipt of payments.

Omnichannel payment processing provided by Payment Asia is PCI DSS compliant so that you and your customers are protected from any kind of online fraud. PaymentAsia reviews suggest that merchants consider them the best pick for all their e-commerce payment solutions as they provide them with comprehensive business resolutions that are cost effective and simple.

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Key Attributes of Omnichannel Payment Solutions

Payment Asia offers an array of secure and reliable payment solutions for all your business transactions. Innovative technology used in omnichannel payment solution makes it possible for you to conduct seamless transactions in multiple payment channels. If you are looking to maximize your customer base, reduce the operation cost and promote transparency, an omnichannel payment solution is the one to go for.

Comprehensive Integration of Business Payment Processes

You can use omnichannel payment solutions to integrate your business’s payment processes and get a single view of your customer interaction. Payment Asia is a reputed payment processing company that can create a customized omnichannel platform for you. This will help you to provide multiple payment methods for your customers. Thus, making the process of payment easy and convenient for your customers. By choosing the right payment channels for your business, you can create an engaging, personalized, and consistent customer base across any shopping channel.

Opportunities that Omnichannel Payment Solutions Offer

By implementing this platform, payment data is unified, and you can gain access to a single, accurate view of the functioning of every individual customer. Using the simplified and easily accessible data of each customer, you can understand their journey and offer a personalized experience to deliver a coherent customer experience. Offering a personalized experience for customers will only grow in importance. Currently, a third of customers end their relationship with a company because their experience isn’t personalized enough. Besides changing customer demands, technology is evolving at a rapid rate, causing new payment methods to continually enter the market. Your actively progressive customer base calls for improvised payment solutions. As mentioned by Payment Asia’s Kenneth, by implementing omnichannel solutions, you can easily adapt to and process popular local payment methods and this can help you to expand your business more effectively into new markets.

Benefits of Implementing Omnichannel Payment Solutions

Often customers are left disappointed by the lack of coordination and consistency in their shopping experience. The availability of products in local stores and online stores has a significant impact on a customer’s shopping experience. If you are looking to reap the benefits of omnichannel spending habits, you need to ensure that your offerings across both online and physical stores are well maintained. This can be achieved by leveraging the service of Payment Asia to manage your omnichannel platforms. Every unit of product and every transaction across every channel is accounted for, in one place. This not only makes things simpler for you, but also improves your customer’s experience to a large extent. An omnichannel platform supports and simplifies financial transactions for greater efficiency.  You can keep yourself up to date by deploying newly developed payment methods across markets. This can lead you to more opportunities for growth and innovation.

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Tools That Can Help Your Business Achieve Sales Success

The ultimate goal for every business is growth. Unlike humans, where growth can be assessed by physical parameters like height and weight, a business' growth is determined by the increase in sales. And increase in sales can only be achieved when the business connects with its customer base. The tools listed below will help your business connect with your customers and achieve sales success.

 The Website of Your Business

As discussed, the first step towards sales success is building a connection with the customer base. In today's digital era this can be easily achieved by setting up a website for your business. The website of your company is the portal through which you can directly reach out to the customers. Your website should be a representation of what your business is all about. By taking the help of service providers like PaymentAsia, you can also launch e-commerce sales on your website. Employing search engine optimization (SEO) techniques and other digital marketing techniques like email marketing targeted ads, etc., you can maximize the reach of your website and increase the customer base.

Marketing through Mobile Phones

Everybody has a smart phone in today's day and age. Mobile marketing techniques will bring word of your business and the services and products it offers to the fingertips of your customers. Some of these techniques include advertisements through texts, grants of coupons and discounts, text alerts of sales, etc. All of these tools will prompt the customer to engage with your business. Additionally, it will also make sure that your customer never forgets about your business. Once your business has picked up speed, you can also resort to professionals who will help develop a mobile application for your business. Experts at companies like Payment Asia can be employed to set up convenient payment methods in these apps. These apps and techniques not only allow customers to stay informed about your business, but also allows ready and easy access to the customer service that you provide making your customers feel extra special.

Engagement on Social Media

Social media gives businesses across the globe a very unique opportunity to connect with their customer base. It provides a platform for businesses to generate content about their products and services that the customer can relate to.  Such relatable content is shared across the social media platform, allowing your business to reach millions, globally. Customers can be engaged via direct messages, comments, reactions to posts, etc. Social media platforms like Instagram and Facebook now allow customers to head to the business’ website and shop directly from these applications. This makes it imperative for businesses to seek the help of companies like Payment Asia to set up appropriate e-commerce payment gateways.

Enhancements at Point of Sales

Having a digital presence does not mean businesses do not have a physical presence. However, the competition at the digital front cannot be denied. The one way to compete with the digital space and increase sales is to make enhancements at the point of sales, which is, your brick-and-mortar store. Some techniques of enhancements are kiosks that allow customers to learn better about the products, booths where customers can virtually try products using augmented reality, paperless payments, self-check-outs via apps to avoid standing in long lines at the cash counters, etc. As mentioned by Payment Asia’s Kenneth, the company has developed specific apps that allow customers to make payments using their mobile phones just by scanning a QR code. Such technology can be used to boost sales by improving customer experience at the point of sale.

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