Do You Think Accepting Credit Cards Increases Revenues For Your Business?

All business owners are searching for opportunities to increase their revenues. One avenue where they can achieve their revenue targets is through credit cards. The rise of credit cards have revolutionized the payment systems and it has become quite easy for businesses as well as consumers to exchange money. If you have still not incorporated a payment system to accept credit cards, you should do it now.

We would like to tell you that the number of credit card holders are increasing in the world. Businesses that accept credit cards report that using these cards increase their revenues by 20%. Businesses state that credit card transactions are higher amounts and these card holders are more loyal to businesses.

Overall, we can say that accepting credit card payment will add a boost to your revenue. It is time that you add an option of card payments in your payment gateways and appeal to your card holding customers.

Customer Convenience

Accepting payments through credit cards offer convenience to the customers and so, customers are always in favour of accepting payments through credit cards.

As many customers own credit cards today, businesses should also give that carriage to accept payment through various cards. The ability to use credit cards for payments eliminates the need to carry a large amount of cash, and it makes your transactions easy and hassle-free.

These days even forex payouts are possible through credit cards. Know more about it here.

Accepting Online Payments Without a Merchant Account

While the procedure to get a merchant account is not very complex, businesses still find it difficult to deal with the paper work. To get a leeway from service providers’ verification steps, there are ways to accept online payments without the merchant account. We are here to offer you an intermediary solution.

You can use a payment aggregator, who will act as an intermediary. It is a basically a service that collects all online funds received on account of your website and then transfers them to the accounts of the company.

Using this method, you can accept transaction for cash on delivery and also establish electronic payment acceptance.

If you are searching for a payment aggregator for your forex payouts, here is what you should consider.

• The payment security should be your first priority. Make sure that your customer gets the necessary level of protection. Security methods include instant authorization of the customer, encryption of financial information on the internet, and special certifications.

• Flexibility of payment. The company should have a transparent payment policy. Always be aware of the hidden fees. Know about the flexibility of the recurring payments, and more.

• Whatever kind of aggregator you are seeking help from, make sure that you can connect with their customer contact system anytime you wish to.

For more information about aggregators for forex payouts, reach out to us. We will be glad to assist you.

Benefits Of Cross Border Payment Platforms

In this article we intend to learn and talk about one of the most interesting and important facets of modern cross border trade and business and that is, cross border payment platforms. These platforms have revolutionized the way cross border trade is conducted and how cross border transactions are done. These platforms have made it easier and has helped in facilitating trade and enhance the volume of global trade across the world, and across borders. Let us understand some of the important facets of these cross-border payment platforms. If you are looking for forex payouts, consider Noire.

These have enabled faster, timely and more efficient payment via mobile applications. An important benefit of global cross border payment platforms is that they tend to support mobile payments in most cases and this has made transaction and conducting business a whole lot easier and smoother. You can easily carryout cross-border transactions anytime you want and from anywhere you want and all you need is your smart phone and a stable internet connection. So, no matter where you are, you can receive and make a payment.

Such platforms also offer and support multiple payment modes. It means that such a platform will allow one to make payments in different modes such as via digital wallets, via cards and other modes of digital payments. They typically do not involve bank transfers and paper cheques. This eliminates the need to wait for long hours and sometimes weeks and months to get your payments cleared.

Which Businesses Are Going To Need Multiple Payment Providers?

Any business will need multiple payment gateways for the following reasons:

• Decrease fees
• Offer alternative payment methods.
• Decrease the decline ratio
• Offer better customer experience.
• Increase your geo.

Having multiple payment providers can be beneficial. Although, your business may not need it. You may be dealing with forex payouts or something else, let us tell you if you need a multiple payment gateway for your concern.

1. Multiple payment providers are good for medium and large businesses with average monthly volumes starting at $50K. Higher monthly volume will require flawless transaction flow and dozens of alternative payment methods to meet the needs of the customers all over the world. In addition to this, these businesses must always have a backup gateway to process their payments in case the main one crashes.

2. Businesses with multiple GEOs are going to require multiple payment providers. If your business in targeting different people from different countries or locations, you need to have several payment providers to offer local and alternative payment methods. This will also grow the customer loyalty and, as a result, conversion rates.

3. You will need multiple payment gateway if you are willing to increase your approval ratio. In case of forex payouts, if you want to increase your deals, you will need these multiple payment gateways.

Besides these, a high-risk business is also going to need a payment gateway. If you need one, you can always reach out to us.