emerchantpro

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E-commerce Payment gateway Knowing the
technology from start to finish
E-commerce is a business with management.
Managing of products, their specifications,
prices, deliveries, etc is all to be lined upon
in order to complete a single sale. It is a very
beneficial business if things are in order along
with the payment solution offered to customers at
your website or store. E-commerce Payment
Gateway lets customers impeccably checkout from
the store and make payment for the products and
services offered at your store. Online Product
selling has seen tremendous growth over the past
two decades. It has become easier for consumers
to buy products over the internet by just sitting
at home. And this is only possible with an
e-commerce payment gateway.
What is E-commerce Payment Gateway?
Every business has got many things in identical
but the ways in which they differ is the
offerings i.e. Services or goods they sell.
E-commerce payment gateway enables consumers to
attain those services by making
payments. E-commerce Payment gateway is the
payment processing technology that enables the
transfer of a users payment information to
processors where the amount is debited and
credited to merchant account.
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How is E-commerce Payment Gateway different from
other Gateways?
The E-commerce payment gateway is customized to
meet the demands of e-commerce business. From
the confirmation of the order to the generation
of the invoices, the entire path is ruled by
payment gateways. The technology and purpose
behind every payment gateway are the same but
they differ with the type of business and its
requirements. In e-commerce payment gateway
products are added to the cart and payment is
made with the help of available payment methods.
But in some cases, if the product is returned due
to any of the reasons merchant has to make
refunds. So in the e-commerce, two major
activities of gateways are accepting payments
and in some cases making refunds. But this may
not be with other payment gateways. For example
in gaming payments gateways are utilized for
collecting the payments from players and serving
the winning price to winners. So in both, the
payment gateways technology and purpose are the
same but they differ with the requirements of
the businesses.
What are the payment methods in E-commerce
Payment Gateway?

• Payment methods in any gateway play an imperative
  role in escalating growth. The more the option
  greater can be your sale. This is because not
  everyone has credit cards some peoples prefer
  other methods for payments like in America
  offering payments with ACH and e-checks can grow
  the
• e-commerce business by 30. Let us find out what
  are other methods are commonly used in the
• ommerce payment gateway.
• There are generally two types of payments
  methods.
• Accepting payments via Alternate Payment Methods
  (APMs)
• Accepting payments via Credit Debit cards

In Alternate Payment Methods (APMs) options like
e-wallets, UPI/QR codes, Mobile banking,
Internet Banking, Crypto-currency, etc are used
for making payments. These are mainly
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region-centric payment options that may differ
from one country to another. It helps in
increasing sales over a particular area knowing
about what payment methods peoples use in that
region. Almost 60 of the worlds customers use
them for making payments online. Credit cards are
widely supported by merchants due to their ease
of offering recurring payments.
How to get E-commerce Payment Gateway?

• In order to get an e-commerce payment gateway,
  there are two ways to get it. Contact Banks for
  payments services. Secondly, contact us for
  payment gateways and merchant accounts for any
  high-risk businesses.
• Getting a payment gateway from Acquirers involves
  tough authentication of documents. The documents
  that may be demanded from acquirers may differ
  from one Acquirer to another Acquirer. Also,
  they may differ in their procedure for allotting
  Payment Gateways.
• Merchants usually go unprepared or say are
  unaware of the requirements of the Acquirers. Not
  every bank entertains every High-Risk Merchant.
  This is the reason why most of the Acquirers
  reject applications of merchants.
• There are three major requirements of payment
  service providers
• Good Previous experience of running a High-Risk
  business
• Enough wealth to run a business or be financially
  stable with a good wealth reserve.
• Status of chargebacks and frauds with your
  previous experience.

If all three requirements meet their expectations
then merchants are having greater chances of
getting payment services. Similarly, merchants
may struggle a lot if not having any of the above
requirements. Most of the acquirers are going to
reject your application. Such merchants can
contact us for payment services. The best
solution gives the best results. We are one of
the most promising PSP in the US who really cares
about your High-Risk business.
Why is E-commerce Payment Gateway considered as
a High-Risk?
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With every business involving high-volume
transactions, there is always a probability of
frauds and chargebacks. Acquirers are well aware
of how these chargebacks and frauds can damage
business and also led to huge financial
loss. E-commerce business is regarded as of
high-risk because it can involve frauds like
returning of products claiming to be faulty
Claims related to non-delivery of products,
online frauds like payments debited
deliberately, etc can be a number of ways in
which peoples may try to fool merchants and it
may result in financial loss to
merchants. Payments made overseas involves
inter-conversion of currencies, transaction
charges, operation charges, etc which may come
as a liability to merchants if he has to return
to customers claiming of reasons mentioned
above. Reasons and ways can be any but this
ultimately leads to business loss to
merchants. However, this can be prevented with
security filters with the payment gateways. That
detects all erroneous activities.
What are the benefits of E-commerce Payment
Gateway?

• There are several benefits of E-commerce Payment
  Gateways like
• Easy and quick to integrate using APIs
• Seamless Checkouts
• Larger number of payment options like credit
  debit cards, APMs, etc.
• Quicker processing
• Large volume payment processing
• Accepts in variable currencies
• Security against chargebacks
• Powerful Dashboard for real-time monitoring

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Benefit increases with the facilitator of payment
services. The quality of service also depends
upon payment service providers.
Conclusion
E-commerce payment gateway is the essential
requirement to do e-commerce business in USA.
This helps in receiving payments for products or
services. The growth entirely depends upon the
quality of payment service. Larger payment
options can escalate sales. Getting the right
solution for high-risk businesses is a must to
make mounting benefits.