Payment
options are not the same for all businesses. Each business requires customised
solutions to their payment options. Some merchants whose customers prefer to
use cryptocurrencies will require a payment gateway with the security intact to
satisfy such requests, while other merchants need fast and reliable credit and
debit card payment solutions.
Here
is some advice: —
Don’t
settle
If
you have been doing business for a while now or even if you’re a start-up, you
should never just accept the payment option you have when there are other more
updated payment option versions out there to suit your customers.
If
you settle on a certain type of payment option, you may open yourself up to
fraud, more chargebacks and a slower turnaround than what your customers (the
online shoppers of today) are used to experiencing. — According to
Forbes, a recent survey showed
that the rate of card abandonment is sitting at 75%. The
reason? Not enough payment options!
Don’t
lose
You
will lose, undoubtedly; that is, if you continue to use old payment options
that no longer please customers today. Remember that today’s customer is not
the same as the customer a decade ago. Times have changed and technology has
improved tremendously regarding payment options.
Chargebacks
can cause great losses for your business, even if you aren’t a high-risk
merchant. Lessen these chargebacks with better tactics, which payment
processing companies like Paypound has, to offer you better
payment options. Also, a built-in anti-fraud
prevention package is
what you should really be looking to integrate with your website.
Don’t
spend more
Payment
processing companies are not difficult to find – but with this easy access
comes the problem of finding the right payment processing company to provide
your business with the right payment options – the customised payment options
and solutions.
Most
of them have set packages and you must simply choose one that ‘sort of’ fits
your business. — Not with Paypound. With us, we listen to you and
investigate your business’s needs to ensure a hands-on approach with a payment
options that particularly suits your business and the customers you serve.
In
the end, you want a payment solutions company that is there for you 24/7 and
one that has the capability, reputation and experience to manage your high-risk
or low-risk merchant account with efficacy and professionalism, with many
payment options. Also, you do not want to pay for unnecessary fees or to
receive a bill at the end of the month with codes and numbers you do not
understand.
At
Paypound, we provide a completely customized solution, with easy integration
and support that is real and in real-time.
Contact us today
for a customised payment solution for your business, whatever your business is
– and in so doing, become part of the online community, growing your customer
base by the thousands with our various payment options.
What
your customers think?
Online
companies often pay too much attention to other aspects of their business and
the services or products they offer and end up missing out on the right payment
option or gateway through which these products or services can be purchased. —
In a word, this is the “customer”, and as much as a business tries to be
excellent, without the customer, there is no business.
With
this in mind, if we concentrate on the customer, what can we learn?
Customers
want better payment options. They need your website to offer a customised
processing option and solution so that they have the convenience to purchase
the way they want. It’s all about the customer, and the sooner this is
understood, the better your business will be. Profits will increase, repeat
business will become a norm, and the expansion of your business will be greater
than you imagined—all thanks to better payment options.
How
do you go about customising your payment options?
Consulting
company Bain & Co provided some
insight into the recent research they conducted about the customer. This is
what they summarised: — “they [consumers] spend more than twice as much
through digital channels and tend to shop more often if they use
mobile payments. Banks and retailers that move quickly will gain the interest
and loyalty of the valuable consumers who are the primary early adopters of
mobile payments.”
With
this important research, it is clear that your online business needs to change
its payment processing structure to include other payment options for
processing to suit your customers.
Your
payment options & processing solution
There
is a simple way to customise your website to include a payment option and
processing solution to enhance your business offering and increase your revenue
many-fold.
Start
with a payment processing company—but not the first one you find on google. Do
the research and discover which payment solutions company best suits your
needs. If you are a high-risk merchant account, you will need the best rates
because of the charges involved in processors taking on the risk of your
business. For example, Paypound has years’ experience in
managing great portfolios for large organisations, giving them long-lasting
results with better payment options for payment processing.
These
payment solutions to your business’s needs present your company with
alternative payment options for your customers. With a reputable payment
processing company like Paypound, you are guaranteed to have the
24/7 support you need, the reliable and safe payment gateway service (with the
payment options best suited to your customers’ needs) as well as a built-in
anti-fraud mechanism to ensure your website and business are protected against
fraudsters and other malfunctions.
Words
from a respected person in the payments processing industry
Sulabh Agarwal,
the MD of Global Payments,
announced his findings regarding the post-Covid-19 situation for businesses
respecting payment solutions: he said:
“The
overall impact of COVID-19 won’t be known for months—if not years. The global
economy may look very different when we get back to ‘normal’. The
payments industry will have a key role to play in revamping the economy.
Opportunities will include:
- Replacing
cash and cheques with digital payments systems
- Building
infrastructure to support more merchants working remotely
- Adopting
digital currencies into universal payments solutions
- Embracing
cloud-based infrastructure, automation and analytics to reimagine scale.”
How
will this benefit you?
The
benefits outweigh any investment you provide. The statistics and the numbers do
not lie. With better payment options, your customers will be able make
purchases with ease. — Furthermore, with a better processing payment option and
solution, all transactions will be seamless, in real time, and will greatly
ensure your customers are happy. The convenience alone will ensure your
customers have a good experience shopping on your website.
An
increased revenue is the greatest reward for your business, obviously. This
then begs the question why there is a question at all for desiring to improve
and revamp your online payment processing structure?
If
you are serious about fixing your payment processing, making it customised,
with alternative payment options to suit your business and your customer base,
contact Paypound today and discover the payment options you
need to make your business what it ought to be in this day and age.
Apply today and
just see what happens!