Why Payment Gateways are Essential for Online Stores?

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Why Payment Gateways are Essential for Online
Stores?

• By Elsner Technologies Pvt Ltd.

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Why Payment Gateways are Essential for Online
Stores?

• E-commerce is gaining attention from audiences
  globally and they are relying on it for better
  services. It has become a great challenge to meet
  customer expectations and provide satisfactory
  results. This pandemic has made online shopping
  one of the best solutions get products and
  services easily. Customers expect the platform to
  be stable and secure for completing their
  purchases online.

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Why Payment Gateways are Essential for Online
Stores?

• The efficiency of e-commerce stores can be
  noticed by how smooth their checkout process is.
  The checkout process depends on the payment
  gateway Magento 2 offers which can fulfill
  transactions for the organization and clients.

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Why Payment Gateways are Essential for Online
Stores?

• What is the Payment Gateway?
• It is a merchant service that allows accepting
  payments in different methods from the customers.
  It processes transactions directly from the
  e-commerce stores which can also differ for a
  certain financial service provider. Customers can
  submit their card details with secured validation
  to transfer payments between merchants and
  acquiring banks.

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Why Payment Gateways are Essential for Online
Stores?

• Check the below factors of the payment gateway
• Security
• Check how well the transaction details and
  sensitive information of customers are protected.
  This information should be secured to save it
  from any fraud or online intruders.
• Convenience
• Notice how much effort is required to integrate
  the gateway into your platform.

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Why Payment Gateways are Essential for Online
Stores?

• Check the below factors of the payment gateway
• Capabilities
• Know more about the types of payments that are
  accepted and how well they resolve queries.
• Cost
• Note their charges in the payment processing and
  if they have any hidden costs or not

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Why Payment Gateways are Essential for Online
Stores?

• Things to consider before integrating any payment
  gateway into your Magento store
• Growth of the platform
• It is always advisable to choose a payment
  gateway that helps your business grow
  continually. Magneto platform is made for
  starting and growing e-commerce businesses on the
  large-scale. Many payment gateways do not expand
  the existing e-commerce store which will be a
  waste of time and money. So, select a payment
  processor that supports your platform and
  contributes to increasing profit.

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Why Payment Gateways are Essential for Online
Stores?

• Things to consider before integrating any payment
  gateway into your Magento store
• Improves Customer Experience
• They are the main source of your income so
  integrate a platform that is suitable for them.
  Generally, customers prefer that some of their
  details are auto-filled in the forms to reduce
  their checkout stress.

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Why Payment Gateways are Essential for Online
Stores?

• Secured Transactions
• There are many illegal frauds on the internet
  that can affect your reputation in the digital
  world. Many customers abandon the websites during
  the checkout process as they dont feel that
  payment is secured. Protect your customers from
  intruders by integrating s secured payment
  gateway.
• Functional Requirements
• Magento 2 has many in-built payment gateways by
  default. Owners or developers can integrate new
  payment methods as per their requirements.

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Why Payment Gateways are Essential for Online
Stores?

• Buy payment gateway Magento 2 for your e-commerce
  store
• Braintree Gateway
• It is an all-in-one payment method suitable for
  all business types and sizes. It enables business
  owners to send, accept, process, and split
  payments to maximize the returns. They are
  partners with PayPal which gives them a smooth
  checkout process and reaches out to a global
  audience. They support merchants, donation
  collectors, and businesses that require better
  management.

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Why Payment Gateways are Essential for Online
Stores?

• Advantages of using the Braintree payment gateway
  are
• It does not have any setup costs
• Supports more than 140 currencies
• Integrated with protection tools
• Includes advanced security

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Why Payment Gateways are Essential for Online
Stores?

• Buy payment gateway Magento 2 for your e-commerce
  store
• PayPal Payment Gateway
• It is considered the most significant part of the
  payment modes offered in the digital world. It
  offers accepting payments through credit cards,
  Visa, and more. These payment gateways are easy
  to integrate and customize as per business
  requirements.

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Why Payment Gateways are Essential for Online
Stores?

• Benefits of using the PayPal payment method are
• Supports multiple currencies
• Free setup
• No monthly fees included
• Payments can be completed using a card or PayPal
  account
• It can be used anytime, anywhere, and on any
  device

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Why Payment Gateways are Essential for Online
Stores?

• Buy payment gateway Magento 2 for your e-commerce
  store
• PayTrace Payment Gateway
• It is fully loaded with many services and
  functionalities required to complete
  transactions. This gateway processes the payment
  using American Express, Visa, Discover,
  MasterCard, and JCB credit cards. This enables
  users to complete mobile payments from the
  Magento store itself.

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Why Payment Gateways are Essential for Online
Stores?

• Advantages of using this payment gateway
• Equipment costs are reduced Different users can
  access their PayTrace account from a different
  place.
• It offers lower processing costs
• It has various functionalities to track your
  transactions

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Why Payment Gateways are Essential for Online
Stores?

• Buy payment gateway Magento 2 for your e-commerce
  store
• Stripe
• This payment gateway supports around 25 countries
  which makes it accessible by the users easily.
  There are features like customer billing, setup
  marketplace, and accept payments on a single
  platform. It might charge you for some extra
  functionality that you require for the business.

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Why Payment Gateways are Essential for Online
Stores?

• Benefits of using Stripe Payment Gateway
• Supports multiple currencies
• No monthly or setup cost required
• It handles frauds and online disputes
• Accepts major credit and debit cards
• Includes strong authorization features

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