The Advance Of E-Payment Technology

In the age of the internet, it can be expected that even payments for goods and services are made through the internet and not with cheques or cash. The e-payment system that is popular is the payment through an electronic medium. It is also called an online payment system or an electronic payment system. E-payment technology has really advanced since online shopping and banking has become very common today.

Electronic payment processing devices too are becoming more common and sooner or later the cash and cheque transactions are sure to decrease. Plenty of measures have been taken to ensure that the transactions are safe and quick. Any amount can be paid through online methods and there is no limit or minimum amount that has been suggested.

Types Of Online Payment Solutions

Online payments can be through credit or debit cards which are most popular or through electronic wallets, smart cards, bank transfers or bitcoin wallets. These payments can further be divided into credit payment systems and cash payment systems. Credit and debit cards and smart cards, as well as e-wallet, comes under the credit payment systems.

E-cash, e-card and store value cards and direct debits come under the category of cash payment systems. These payments are necessary because when a customer makes a purchase online, he or she would like to pay online as this would be more convenient and quicker. But for any merchant doing business online, it is necessary to start a merchant account and an eCommerce payment gateway.

More Popular Payment Options

Many people prefer direct debits and bank transfers as they allow for online as well as offline payments and this can be done by using their bank accounts. Direct debit is usually used to pay off the recurring payments like utility bills which have to be paid every month or so. By scanning a QR code, transactions can be done on any eCommerce platform.

Computers and smartphones can be used when payments are made through an eWallet which is an electronic card. EWallets are popular since they are quick. The cards are linked to the bank account or credit card of the customer. Alipay is the most popular payment solution provider in China as it offers a very efficient period of settlement as well as allows currency exchange.

A Few Points To Consider Before Choosing An E-commerce Solution Provider

When deciding on an e-commerce solution provider there are some things to consider before making a decision. You should find a provider that will satisfy your needs. Once you have your priorities in place then you can find the solution that will offer you what you require. It is also necessary to see that the solutions you choose and the IT infrastructure that is currently in use will work together.

It is important that maximum use is made of the existing IT investments. Cost is another factor. Make sure to get a detailed list of all the expenses and costs from all the providers and then compare them. It is important to ensure that the pricing will include everything. Experience is important as well as how fast the vendors can work to get the web store live.

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Choosing an E-Commerce Payment Gateway

The world economy is largely dependent on e-commerce businesses. And there is no dearth of options when it comes to selecting payment solution providers or e-commerce payment gateways.

So what are the factors to consider when looking for a reliable e-payment technology provider? The article walks you through some of the most important criteria to look for while exploring your payment technology options.

Multiple Payment Systems

Unlike conventional online payment services, modern e-commerce solution providers like to go for a range of payment modes. These include credit and debit cards, e-wallets, online bank transfers, etc. However, modern-day customers do not like to be restricted to conventional solutions like debit or credit cards. The advancements in e-payment technology and financial sectors has brought fort new payment systems like E-wallets, PayPal, Google Pay, Apple Pay, etc.

Most consumers like their e-wallet payment systems simply because of the convenience of the mode! An e-commerce payment gateway provider hence needs to ensure that the organization offers all the payment options for their customers to choose from.

Mobile Payment Systems

Today’s generation is hooked on to their mobile phones. The convenience of making purchases, booking resorts or ordering groceries through smartphone apps is unbeatable. Mobile payments are hence the trend of the day. 

Customers get the convenience of downloading simple smartphone-based apps that allow them to make online purchases through a one-click option (and scanning the QR code).

Mobile payments have multiple advantages to offer.

They are fast. They are safe. And they are absolutely convenient.

Modern-day e-commerce business owners prefer paying through their mobile applications as a cashless means of transactions. Additionally, it makes it easier for business owners to keep track of their transactions with instant reports.

Multiple Currency Transaction Support.

Businesses need to expand. That’s the first purpose of setting them up. They are intended to move beyond the country levels and grow globally. However, in order to manage customers outside a home market, it is important to consider an e-commerce solution provider who offers the choice of transacting in multiple currencies.

Customers should be allowed to pay in the currency of their choice and offer flexible settlement schedules while transacting in multiple currencies. Providing easier settlement solutions to e-commerce business owners helps them to grow in the global markets.

Adequate Security

When a business owner looks for a reliable e-payment technology, the safety and security of their financial information is the first thing that they look for. Ensure that the service provider you choose is compliant with PCI DSS Level 1. These are mandatory compliance criteria devised by the credit card industry to ensure the secure processing of financial information.

Extra Features

In addition to payment processing, e-commerce service providers these days offer a host of other services and technological solutions. These include API, account management, real-time monitoring, fraud detection, and various other services. These are usually provided as add on services to the financial transaction part.

A service provider with a professional and technical team along with the technology solutions to include all the aforementioned services is perhaps the best e-commerce service provider to go for.

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Why Should You Choose Payment Asia

If you are an online merchant with a market in Hong Kong and China and wondering which e-commerce payment gateway provider you should choose; then it should be Payment Asia. Reviews say that they are one of the best in the business: reliable, flexible and competent. 

They have a range of solutions to offer. They cater to the needs of the different merchants and offer several payment methods with multiple currencies that have flexible settlement periods. This is a good thing because not all merchants have the same needs. Customer satisfaction is their main goal and will provide all they can for that.

Solutions And Support Offered

Payment Asia offers more than 130 transaction currencies. They also provide 5 or more settlement currencies. The settlement schedules are not fixed but are flexible. They support a range of payment options like MasterCard, Support Visa, Alipay, China Union Pay, and Crypto Processing. 

Direct API or hosted payment page will be provided. Batch payment and mobile payment is supported as well as MOTO merchant account with a virtual terminal. PaymentAsia offers cross-border and multinational payment and settlement solutions.

Excellent Technical And Customer Service Is Offered

Technical support to merchants is another thing that is provided by PaymentAsia. The reviews state that there is a team of hardworking experts who are dedicated to improving and integrating payment solutions every single day. 

All technical infrastructure is offered to help the technicians to create tailor-made payment solutions to all the merchants. The technological and infrastructural characteristics offered are the single integration of payment channels. In order to have full automation, a rich API is provided.

Transaction and reporting methods are innovative and developmental tools and solutions are customized. PaymentAsia has a wonderful customer support team and they will try and find a solution to any of your problems. They offer 24/7 technical assistance. Fraud monitoring and account management are also offered. 

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Payment Asia, the best payment gateway in and around Hong Kong

Online payment solutions for e-commerce businesses these days have reached a point where the consumers are highly dependent on it. The prominent reason why everything relates to e-commerce payments is the security that one needs when it comes to money.

Payment Asia looks after all the concerns that the consumers need in regards to the online transactions. The organization leverages all its experience and qualified services to assist its customers the best way. It has managed to secure a great deal by catering to the consumers for their loyalty in return.

If you managed to get hold of the PaymentAsia reviews, you will realize the degree of secure and reliable services the company offers. No wonder, it is one of the most sophisticated e-commerce solutions in the world.

What services Paymentasia offer to its clients and consumers?

Over the years, Paymentasia has been encouraging the consumers and sophisticated e-commerce entities to adopt its services. Some of its most popular services include:

AliPay

It is one of the most popular payment gateways in the region with a very high market share. Hence, in order to support the gateway, Payment Asia introduced the PA Pay App. It enables the users to make cashless transactions in a much secure way.

Omni-channel Payment

Paymentasia offers very reliable and secure payment schemes with a wide array of features. Its Omni-channel payment system relies on an innovative technology to improve the seamless integration and meets the ever-increasing demand easily.

PaymentGateway

With all of its flexibility and excellence in the world of cashless finances, Payment Asia is the leading gateway in the region. It offers a wide array of payment methods in multiple currencies. Besides, its flexible settlement period schemes would ensure convenience to the consumers.

To sum up, Payment Asia strives to better its excellence in the online payment solution with a wide array of services offered.

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