fbpx
Categories
Stripe Tutorials

How to Accept Alipay Payments through Stripe – A Guide

Operated by the Ant Financial Services Group, Alipay is China’s most preferred payment method. Functioning as a digital wallet, it has become a popular platform, earning over one billion active users worldwide since its inception. Its growth isn’t stopping anytime soon, especially since various corners of the world house Chinese immigrants, all of which continue to use Alipay as their main mode of digital transactions. 

Seeing as it has reached global success, Alipay also is also used by eCommerce merchants and other marketplaces, along with on-demand services. It accepts a wide variety of currencies, including USD, EUR, CAD, and AUD, among others. 

Alipay users are allowed to pay via their mobile phones or on the web, via a secure method that requires their login credentials. Funds used to pay for goods and services are withdrawn from their bank accounts or Alipay accounts, ensuring hassle-free and secure payments. 

If you plan to target Chinese consumers, hosting Alipay is the best route to go. Supported through Stripe, you’ll be able to gain the trust of Chinese customers from all over the world. Seeing as these prospects are lovers of online shopping, your business venture should be enjoying growth and prosperity. To successfully offer Alipay for your future Chinese customers, here’s a quick guide for you.

How Alipay Works 

For on-demand service and mobile payments: 

Step 1: Once your customer is ready to pay for the items on their cart, they will be redirected to the payment gateway where they will be free to choose Alipay as their payment method.

Step 2: They will be then redirected to Alipay’s secure platform, where a QR code will need to be scanned. This will then enter the code from the mobile phone, prompting it to redirect onto another secure page.

Step 3: The customer will receive a message notifying them that the payment has been successful. Depending on your website’s mechanism, the customer will be directed back to your site for further browsing.

For web page payment: 

Step 1: Upon checkout, customers will be allowed to choose Alipay as their preferred method of payment.

Step 2: They will be redirected onto a secure page, where they will be required to input credentials for verification. 

Step 3: Once credentials are successfully inputted, the customer will be notified that their payment has been successful. 

How do I deal with disputed payments and refunds?

Given Alipay’s secure nature and authentication methods, there is little to no risk of fraud or unrecognized payments. Your Stripe account will remain untouched, especially since chargebacks cannot happen. However, Alipay users will be promoted by Alipay to directly contact you—should any issues arise, you will be given the option to contact your customers directly. 

Refunds, on the other hand, are allowed up to 90 days after the payment. Refunds only take 5 minutes to complete, and Stripe keeps you posted about the refund status. Should the refund process pay, however, you will be compelled to look for alternative options to transact with your customer. 

The Magic of A Payment Page Builder 

As the world progresses further into the digital age, customers continuously look for ways to make their lives easier and more convenient. As such, it’s only logical that they choose merchants that offer them the very same notion. In an increasingly competitive marketplace, your competitive advantage will come from your customers. You need to make them choose you, and one of the best ways to do that is by offering them the best payment methods possible.

For a hosted payment page you can trust, Payment Page is the place to go. We offer you payment options that help diversify your business, ensuring that you remain competitive and growing even in a tough market. Through our specially designed WordPress plug-in, you can now offer credible and secure options for every customer you wish to pursue. Reach out to us now for more information!

Categories
Stripe Tutorials

How to Accept FPX Payments through Stripe – A Guide

Using Stripe for your online business is an excellent way to provide a fast and easy-to-use platform to grow your eCommerce company. Its ability to secure transactions makes it a popular option for business owners and customers alike. Although its brand-recognition is not as popular with PayPal, it does have its perks and benefits of being a customizable platform for your brand’s needs.

Getting the hang of using your Stripe account can be challenging when dealing with international clients. Thankfully, Stripe allows you to handle different types of payments, depending on the payment method of your chosen demographic.

What is Financial Process Exchange (FPX)?

Expanding your target market is a necessary step to grow your online business. If you’re planning to invest in a Malaysian customer base, you should familiarize yourself with their prominent payment methods.

Financial Process Exchange (FPX) is a payment method that allows customers to perform transactions online using their bank credentials. The Central Bank of Malaysia, Bank Negara Malaysia (BNM), and 11 other major Malaysian financial institutions have access through the PayNet Group, which operates the FPX format.

Why should I enable FPX transactions?

Besides the accessibility of integrating it to a Stripe-based payment page builder on your website’s checkout, the FPX method prevents the risk of fraud or unrecognized payments. Because of the customer’s authentication process, they are confident knowing that they are interacting with their bank’s account. It prevents chargebacks withdrawn anonymously and maliciously from your Stripe account.

As an added safety measure, your customers can refund FPX payment for up to 60 days after their payment transaction. It will take approximately one week for the process to complete, providing them with a notification on your refund status to update on your account. However, a refund can fail if their chosen bank is unable to process it correctly.

How does FPX work?

The popular online payment method redirects customers to their online banking environment through a two-step authorization process. By entering a one-time passcode sent through their registered phone number, the customer can access different payment procedures through their bank accounts.

How do I accept FPX payments in Stripe?

Stripe’s payment processing platform allows different payment methods to cater to different international businesses. If your customers use a Malaysian bank account, they can use the FPX method to complete their transactions. Listed below are the five steps to accept FPX payments in Stripe:

  1. First, your customers must select FPX in your Stripe checkout.
  2. Next, their chosen bank service redirects them to their specific landing pages.
  3. Your customer enters their account credentials to confirm their identity.
  4. The automated FPX method sends them a notification to confirm their transaction.
  5. They receive a confirmation of the accomplished payment.

Your customers will also have the option of returning to your site for payment confirmation. However, this is optional since the transaction is complete by the fifth step.

Conclusion

The advantages of the ever-evolving modern technology allow people to improve the banking systems to fit the banks and the customers’ benefit. The FPX format is one of the many different payment options you consider in expanding your business’s international reach.

We provide business owners with a hosted payment page integrated with Stripe to process their sales transactions. Get in touch with us today to learn more about how you can expand your service’s reach to an international audience!

Categories
Stripe Tutorials

How to Accept ACH Payments Through Stripe: A Guide

The United States offers a humongous market share, one that most businesses highly covet. Due to this, the market has become saturated, as entrepreneurs offering the same products and services scramble to get ahead. How do you gain a competitive advantage in such a marketplace? The answer is simple—offer a diverse payment method, particularly one that includes the Automated Clearing House (ACH) network.

ACH allows credit and debit transfers, enabling customers to send money from their respective bank accounts to a US bank account. Although quite new to the scene, the ACH network saw over 24.7 billion payments in 2019 alone, making it one of the most reliable and safest payment systems today. 

Collecting payments using the ACH credit is relatively easy. You only need to provide a routing and account number to your customers. The paying customer will then initiate the payment from their bank account, but take note that funds can take two to three business days to arrive. 

Direct debit payments, on the other hand, allow you to collect payments directly from your customers’s US bank accounts. You will need their bank account details, as well as permission to gain access into their debit account. Unlike the credit transfer, ACH debit payments can take up to five business days. 

Despite the waiting time, it’s undeniable that adopting the ACH payment system is a business opportunity you shouldn’t pass up. The best part about the ACH payment process is that it can be integrated into your Stripe account—here’s how it works. 

How does the ACH credit transfer process work?

  • Step 1: Once your customer is ready for payment, they’ll proceed to check out the items for payment. They will be asked to choose a payment option, allowing them to choose AHC credit should they wish.
  • Step 2: The interface will lead them to your company’s bank details, as they need these to process the payment.
  • Step 3: Once details have been inputted, they can now send the money into your bank account.
  • Step 4: Upon successful completion, the customer will be notified through a confirmation message.

How do the ACH debits work? 

Step 1: Once satisfied with the items, the customer will be able to choose the ACH debit upon checkout.

Step 2: They will be asked to enter their bank details at a secure interface.

Step 3: Once done, they will receive a payment initiation confirmation. Their funds will then be transferred to your bank account. 

What can the ACH payment method do for my business?

You’ll enjoy faster processing times 

Although payments aren’t immediately available, the ACH payment processing is still faster than checks. Seeing as it’s fully automated and digital, making trips to the bank for check deposits have been eliminated. Hands-free and convenient, your customers will be able to enjoy business transactions at the comfort of their own homes.

Processing costs are relatively lower, making it another business advantage 

Why do people enjoy ACH payment options? Transaction feeds are cheaper than credit cards. You’ll only be shelling out flat fees of $0.20 to $1.50 per transaction, making it another business advantage you must consider investing in. 

Build Your Business Foundation Through a Payment Page Builder 

As we progress further into the digital world, the US market becomes even more competitive. Businesses offering the same products and services exhaust all means to gain attention, such as marketing, advertising, and other methods of promotion. What many overlook is that gaining a competitive advantage can be quite simple—your choice of payment methods, for instance, can be enough to help you gain solid leads. For the best entrepreneurs,  business always means choosing to work smart!

To help you get started, Payment Page is here to help. As a hosted payment page, we’ll help you build your business with the right payment methods, all integrated with Stripe. Expanding your business doesn’t have to be difficult. Allow us to assist you—reach out to us today. 

Categories
Stripe Tutorials

How to Accept Credit Card Payments Through Stripe: A Guide

Entering the global marketplace can be extremely daunting. It comes with magnified ups and downs, and the prospect of appealing to an entirely new marketplace is a challenge in itself. How do other businesses succeed? The answer is quite simple, and it lies in a little plastic piece that has changed the world of consumerism forever—credit cards. 

Credit cards are one of the leading international payment methods, which accounts for almost half of online payment transactions. Visa Mastercard, American Express, JCB, and UnionPay are some of the most well-known, but the list goes on. 

Why are credit cards so popular? They’re issued by banks, which then allows customers to borrow money under terms of credit. They pay the money back within a grace period, which keeps them away from paying for extra fees.

As a widely used mode of payment, eCommerce and marketplace from all around the world accept credit cards, including SaaS subscriptions, professional services, and even on-demand services. 

How do credit cards work through Stripe?

  • Step 1: Once the customer finds their needs met, they checkout and choose the credit card payment option.
  • Step 2: They will then be asked to input their credentials, which is a requirement to complete the transaction.
  • Step 3: Once credentials are placed, the customer will receive a notification informing them that the transaction has been completed. Keep in mind that all payments are immediate. 

Why should your business accept credit cards?

Regardless of your business type, it’s undeniable that accepting credit cards as a form of payment brings benefits to your business. It increases sales and boosts success, bringing forth conversions and sales like never before. 

To fully understand what credit cards can bring to your business, here is a quick rundown of the benefits you can enjoy:

Credit cards legitimize your business 

There’s no other way to place it—credit card payments are crucial to business success. Once you offer it as a payment method, your brand is welcomed to the industry as legitimate. Displaying credit card logos on your website commands authority, letting people know that you are worth transacting with. 

Providing your prospects with options also helps with customer satisfaction, especially when your business sells more expensive products, such as mobile phones. With an option to pay in terms, you gain a competitive advantage. In other words, you improve your place in an ever-competitive market just with the help of a card. 

Credit cards minimize the risks 

You may have dealt with fraud payments in the past, but with credit cards, risks are low. It eliminates the trouble of receiving bad or bounced checks, fake online transfers, and even fake paper bills. You never have to worry about tracking customers and filing lawsuits. With security by your side, you can now focus on other aspects of your business, such as growth and expansion. 

Credit cards are inexpensive business investments 

As a growing business, you may be reluctant to incorporate credit card systems out of fear of budget constraints. As a growing industry, credit card companies now offer merchant services packages, which allows you to work within reasonable budgets. Credit card rates are also low, which provides small businesses with the chance to offer credit cards payment methods. 

In Need of a Payment Page Builder Services? 

If your business does not offer credit card payment methods yet, now is the time to do so. Incorporating it into your business opens plenty of opportunities for success and growth, especially if you wish to expand into an international market. 

If you wish to diversify and expand your business, offering diverse payment options is the way to go. Allow Payment Page to help, a hosted payment page built with Stripe. Gaining a competitive advantage doesn’t have to be difficult. In a highly competitive world, working smart is the best way to get ahead—and that means offering various payment options for markets all over the world. Work with us today!

Categories
Stripe Tutorials

How to Accept Google Pay Payments Through Stripe: A Guide

For Android users, Google Pay is an online shopping savior. Customers can simply select it as a payment method and use a credit or debit card to settle their purchase. You can incorporate Google Play into your hosted payment page, as it is popular among eCommerce websites, digital marketplaces, and on-demand services. 

What is Google Pay?

Relatively new to the payment game, Google Pay launched back in early 2018, consolidating the likes of Android Pay, Google Wallet, and Chrome payment features. Consumers can link their debit or credit cards and use Google Pay as an online or in-store payment method. They can also use the app to transfer money between users if needed. 

How Google Pay Works

Overall, paying with Google is quicker and safer on sites, apps, and in stores. Not to mention, it’s free for both sellers and buyers. 

1. In-Store

In retail shops or restaurants, Google Pay makes for an excellent contactless payment method that incorporates near-field communication technology. To accept these payments at your register, you’ll first need to purchase an NFC-enabled reader and a compatible POS system. Luckily, most POS systems are Google Pay-congruent, to begin with. If your store already accepts Android Pay, you’re in luck—you won’t have to upgrade anything other than your label!

2. Online Stores

Google Pay is compatible with both desktops and mobile devices. To program the service, use your Google Pay API. Apply for a Google Merchant ID on your device and wait for the approval. Then, with a little bit of coding, implement the API onto your page. If you’re not very confident in your coding skills, you can use a POS service that is already Google Pay-integrated.

For customers shopping online with Google Pay, checking out is as easy as one click. Instead of entering payment information every time, they can save their details on a single interface—Google Pay. 

Google Pay Features

Google Pay isn’t just a gateway—it helps sellers incentivize their customers with a heap of enticing features. 

1. Rewards and Gift Cards

Who doesn’t want to be rewarded for shopping? When checking out with Google Pay, customers can access reward points and loyalty perks. If you offer physical gift cards, buyers can upload them onto their Google Pay app and keep track of their balance as they shop. 

2. Store Locator

Visibility isn’t all about SEO (although it plays a significant role). Customers can search nearby businesses that accept Google Pay, allowing your store to pop up on Google Maps.

3. Tickets

In the events industry? If your store offers event tickets, your customers can store them on their mobile phones with Google Pay API. On the day of the event, they can simply present the barcode on their screen. 

4. Services

If you’re collecting rent or providing other services, Google Pay makes for a simple solution. If you receive more than $20,000 in gross receipts per annum, you’ll have to fill out a W-9 tax form. 

Conclusion

The best thing about implementing Google Pay into your portal is that it comes completely free. However, it’s important to note that your credit card provider may charge you with a transaction fee. That being the case, Google Pay is still an ideal payment method for most Android users and is easy to work into your existing payment page. 

With our payment page builder, you can accommodate flexible and global payments—no need to limit yourself to local clients. Join Payment Page today for a 30% discount on a stunning payment portal and other customizable factors. 

Categories
Stripe Tutorials

How to Accept WeChat Pay Payments Through Stripe: A Guide

For Chinese travelers, WeChat is a must-have with over 900 million monthly users. More than just a messaging app, WeChat allows users to shop with WeChat Pay, which supports the likes of Visa, MasterCard, American Express, and other Chinese bank cards. Users can then make a direct payment using the app or scan a QR code. 

What is WeChat Pay?

A keystone payment method for businesses reaching out to Chinese customers, WeChat Pay, caters to 600 million active customers. Once a simple messaging app, WeChat is now an entire ecosystem that allows users to browse items, chat with sellers, and make frictionless payments in a single interface. 

Previously a cash-based society, China is quickly going digital and favoring the convenience of mobile payment apps. Nowadays, Chinese consumers spend 90 times more time on their smartphones than American users do. 

WeChat Pay Capabilities

Other than the convenience of payment, WeChat Pay has several unique advantages. 

1. Disputed Payments

Sometimes, WeChat pay accounts are used illicitly. If such is the case, WeChat and Stripe alleviate the issue internally, removing all responsibility from the merchant. Users can only dispute payments if they are unsatisfied with the goods or services. Should disputes occur, Stripe deducts the appropriate amount from the merchant’s Stripe balance. 

2. Refunds

If a customer requests a refund using WeChat Pay, they can only do so within 180 days of the original charge. After 180 days, merchants will no longer be able to satisfy the refund. 

How Customers Use WeChat Pay

For customers to use WeChat Pay, the process is as follows.

  1. Select WeChat Pay at checkout on the hosted payment page
  2. Scan the displayed QR code using the WeChat Pay app
  3. Enter the given PIN into the WeChat Pay app
  4. Receive a notification that the payment is complete

Why WeChat Pay is Popular

Mobile payments are especially popular among Chinese youth. Especially abroad, apps like WeChat Pay satisfy a growing need for accessibility and convenience. Here are the main reasons Chinese travelers prefer WeChat Pay as a payment method.

1. Convenience

Instead of having to sift for cash, WeChat Pay is intuitive. Users can even approve payments in their native language. 

2. Pride

WeChat accounts for the majority of China’s data traffic, topping even Facebook usage in North America. Chinese travelers don’t just love its speed and ease of use—they love WeChat as a brand. 

3. Exchange Rates

As opposed to using cash or credit cards, WeChat exchange rates are more than preferable. Currency conversions are locked-in at the time of travel and won’t fluctuate throughout the consumer’s trip. 

4. Discounts

Everybody loves a loyalty reward. WeChat Pay offers users discounts for using the app—you, as a merchant, can even provide a voucher of your own. 

Conclusion

If you’re expanding your global business, you can’t miss out on WeChat Pay. China is notorious for its enthusiastic shoppers and travelers—a booming demographic of potential. With WeChat Pay, you can cater to millions of consumers you wouldn’t have within your reach natively. 

Compliment your payment gateway with a beautifully designed page using our payment page builder. With a 30% discount upon launch, you can start accepting online payments immediately with Payment Page. 

Categories
eCommerce

What Entrepreneurs Should Know About Credit Card Payments

One of the biggest factors to consider when running a business is how you’re going to receive payments for any products or services rendered. Without a proper method for receiving payments from your consumers, your business won’t be able to operate as efficiently and as safely as it could.

The best and most secure method of payment is arguably through the use of credit cards. Not only are they safe to use, but they’re also incredibly convenient for making purchases online or through e-commerce platforms. For users, it provides a way to shop without carrying cash—allowing for safer travels and hassle-free payments.

How To Accept Credit Card Payments

Setting up a method for your business to accept credit card payments is quite easy. All you’ll need is to partner with a platform that can handle such a transaction. There are currently three approaches to this: merchant accounts, payment service providers, and e-commerce platforms.

Merchant Account

Merchant accounts are one of the most basic and traditional approaches when it comes to  the credit card payment process, and generally for brick and mortar stores that accept in-person “swiped” transactions only. This involves creating an account with a merchant acquiring bank that will serve as an intermediary with a credit card company, giving a measure of stability and security for both merchant and credit card providers.

Once you’ve selected a credit card company to work with, you’ll have to search for a merchant acquiring bank to approve your new account. They require you to submit certain documents, among which are your business activities, banking information, tax returns, and payment model.

E-commerce platforms

E-commerce platforms, on the other hand, are for online businesses that plan to sell mainly through the internet or accept payments through their website or a marketplace. There are multiple approaches to this, but the gist is to either create an e-commerce platform in itself, to implement an e-commerce capability into an already existing website, or to sign up for a marketplace like Amazon. 

Before setting this up with a third party, you’ll need to provide your employee identification number (EIN) and banking information—so make sure to have those ready before taking this step.

If you create your own ecommerce platform, you’ll still need to have your own Payment Service Provider or Payment Gateway. 

Payment Service Provider (or Payment Gateway) 

Meanwhile, payment service providers, also known as Payment Gateways, are available for many online and physical stores. This is probably the quickest way of accepting credit card transactions without having to create a merchant account. Some of the more popular payment gateways  are PayPal, Square, and Stripe.

Setting up an account is incredibly easy and free, and often utilize a month-to-month flat-rate fee for their service or a percentage based fee for each transaction. 

Factors to Consider When Choosing

It is incredibly important to choose the right provider to keep your business on the right track. Remember that there are two major considerations to think of when choosing a method to accept credit card payments: the overall cost and the specific needs of your business.

The overall expenses change over time—while payment service providers charge a flat-rate either per month or per transaction, it is assuredly more costly in the long run than a merchant account. On the other hand, it’s highly flexible to help you accept online payments with ease, including subscriptions, which can unlock a sustainable revenue stream for your business.

It is important to consider the time it takes to set up the various payment methods, as some are much quicker to process and create than others. 

Get Started Today

Setting up a method to accept credit card payments is essential to make your business more accessible to a variety of customers. Always remember to take careful consideration when choosing the right payment service provider or payment gateway for your business, or you could end up using the wrong provider for your needs.

If you’re looking to accept credit card payments with a simple and beautiful form on your website, then Payment Page is for you. You can easily build a custom payment form to help your business achieve real results, and integrate any of the payment gateways mentioned above.

Categories
eCommerce

5 Payment Options Your SMB Should Integrate in 2021

As businesses continue to innovate and incorporate various forms of technology into their operations, there are now dozens of options by which customers can complete financial transactions with your business online. In this article, we’ll focus on 5 key methods for accepting payments in 2021.

Credit and Debit Cards

As of 2021, 80% of customers prefer to make transactions using a credit card and are, in fact, willing to spend 100% more on products and services when using one. How you go about accepting these types of payments will depend on what kind of business you operate. 

If you’re a brick-and-mortar business, you’ll need a merchant account and card reader to accept credit cards. Merchant accounts allow businesses to receive payments in various ways. 

If you run an ecommerce business, you’ll need a payment gateway to accept online credit and debit card transactions. This will encrypt all information submitted by customers on your payment page, ensuring that their details remain safe and confidential. You don’t want to take any chances with information security, so be sure you’re employing a payment gateway that is PCI (payment card industry) compliant. 

ACH Processing

Monitored by the Automated Clearing House (ACH) Association, this payment method allows customers to disclose their bank account details and routing numbers for online payments. ACH processing is a popular method of accepting subscription or recurring payments. 

It’s proven advantageous to many SMBs, as it comes with lower fees compared to those that accept credit or debit cards. It’s also far more secure than accepting monthly written checks. 

Finally, ACH processing can save your business a lot of time, as payments are automatically withdrawn once you enter the customer’s information into your system. Ultimately, this will improve your cash flow and create a more predictable revenue pattern. 

Stripe is a payment gateway that supports ACH payments of many kinds with a Plaid integration. 

Recurring Billing Subscriptions

To make the working relationship easier between you and your customers and facilitate payments for products and services of all kinds, you can provide your customers with the option to sign up for a subscription plan. Using their debit or credit card, they can make automatic monthly payments that are convenient for them and guarantee that your business is paid on time, providing you and your customers with peace of mind.

PayPal, Stripe, and Square

If you’re using PayPal, Stripe, or Square, you won’t need to set up a merchant account. However, which method you choose will depend on the type of business you run, so be sure to research features that best suit your operations. Of the three, PayPal is among the top 3 highest-ranking eWallets online

Contactless Payment Systems

A new trend in the U.S. is that you can now accept payments wirelessly by asking customers to wave their card or device over a POS system. Without the need to enter a PIN or even scan a card, contactless payment systems are becoming increasingly popular in places like the U.K. and Australia. 

As the U.S. has been slow to adopt the trend, your business can take advantage of how Visa and Mastercard are beginning to offer contactless cards to customers. Additionally, mobile wallet methods such as Android or Apple Pay are becoming increasingly popular with mobile users. 

Payment Solution

Implementing new payment methods onto your website can be complex and take up a valuable amount of time. If you’re a SMB and need to accept online payments, you can team up with us at Payment Page. With our payment page solution, you can start accepting online payments in just a few easy steps using any of the gateways or payment options mentioned above.

Categories
Business

5 Benefits of Cashless Payments For Small Businesses – What to Know

There are many advantages to cashless payments, and in today’s society, it makes sense to accept as many cashless payment options as possible.

Small businesses, in particular, can benefit from the use of cashless payments. In this article, we will briefly discuss five notable benefits that you can enjoy by accepting cashless payments.

1. Faster Checkout Process

Compared to cashless payments, paying in cash takes more time not only for the customer but also the cashier during the checkout process. For the sake of efficiency, cashless payments are an obvious choice for a small to medium sized business. Additionally, when handling cash, there is always a chance of human error, which is minimized when accepting cashless payments.

When you go for cashless payments, such as credit cards, everything becomes faster and more efficient.

2. Better Financial Management

Say goodbye to managing cash and receipts. With cashless payments, you won’t have to spend time consolidating money at the end of the day or even making as many trips to the bank! With credit and debit card transactions, everything will automatically be reconciled and paid into your bank account within a few days.

Small business owners are always short on time. By streamlining your financial processes, you’ll be making time to dedicate to other aspects of your business/life.

You can also take advantage of accounting software to keep your finances updated in real-time. By going digital, you will have the ability to see your finances at the click of a button.

3. Reduce Theft

How many entrepreneur horror stories have you heard about cash getting snatched from business premises? Small businesses often don’t have a lot of money to dedicate to security, and cash payments will only leave them more vulnerable.

By accepting cashless payments, your business is less likely to be targeted for theft, which is the last thing any small business owner should have to deal with.

4. More Currencies

When you go for cashless payments, you will be able to accept more currencies, whether American dollars, British pounds,euros, or a variety of other options. This makes it possible for you to serve customers, no matter where they’re from or what currency they prefer to use. Some people are ready to buy, but if they don’t have the currency you accept, they’ll walk away without ever making a purchase. Cashless payments allow you to accept more currencies and make things easier for customers.

5. Wider Audience

Many people now own debit and credit cards, and with the changing times, these cards are being used for cashless payments due to their convenience. We can’t forget that using these cards reduces contact when paying for items, which is extremely important in the current climate.

Most consumers today want the option to pay with a debit or credit card. Giving them that chance allows you to attract a wider audience, which will put your business ahead of the competition.

Consider These Options

Cashless payments are the future, and making this option accessible to your customers will ensure as many people as possible use your small business’s products and services. Consider looking into a Stripe-integrated payment page builder that will make it easy for you to accept as many cashless payment options as possible. That way, you won’t be turning customers away.

Payment Page provides an easy solution for businesses to offer cashless payments to their customers. Get in touch to learn more about the extensive payment options you can unlock using our platform!

Categories
eCommerce

Hosted Payment Pages: An Entrepreneur’s Basic Guide

Thanks to the advent of modern technology, the rise of eCommerce, and continuous development of online payment platforms, making a payment has never been so convenient.

No longer strictly limited to cash, today’s consumers can use a wide range of different methods to make a payment for almost anything and everything they need to get their hands on. Given the fact that the eCommerce market grows with every passing year and online shopping is bigger than ever, businesses are now urged to improve their payment experiences—and that means investing in hosted payment pages.

What are they?

Hosted payment pages are a type of feature that is integrated with payment gateways like Stripe in order to help a consumer make their purchase in a secure payment environment upon checkout. By taking the time to implement this feature, you’ll be able to provide your customers with an easy way to pay — all while making sure that they can pay with security in mind.

How does it work?

Hosted payment pages are website pages that are hosted online and allow consumers to make easy payments in the global or local payment method of their choice. As a business owner, you can sell anything ranging from services, products, or receive donations because payment pages work in a variety of situations.

Hosted payment pages are often linked to the main website platform of a business or marketing campaigns for different purposes. They’re strategically placed in order to quickly and securely finalize a transaction that any customer makes.

Payment pages can be built on your website (this is possible using our Payment Page WordPress plugin) and can also be provided in the form of a hosted service (like our Payment Page platform). They don’t have to be linked to any existing website or they can be the basis of an entirely new project since payment pages are totally customizable in any way of your choice.

Despite the underlying complexities that come with credit card processing and other global or local payment methods, hosted payment pages ease the process by having service providers called payment gateways take on the duties of compliance and PCI certification. Instead of having to risk running into problems by handling customer cards yourself or managing payments via alternative methods, you can let a payment processing partner handle your transactions on the hosted payment page. Payment pages are generally NOT payment gateways, so you can use your own payment gateway, like Stripe, to connect your payment page and accept payments in a beautiful payment page, with a simple payment form, customizable product or service layout and much more.

Why you should consider investing in a hosted payment page

If you’ve been doubling-down on your efforts to take your business’s online operations to the next level, here are multiple reasons you should invest in a hosted payment page for your site:

A greater level of trust

In any kind of transaction—regardless of whether it’s for a product or service—it goes without saying that trust can go a long way in securing a deal. This is exactly what makes hosted payment pages so effective. As a slight nudge in the right direction, the page itself essentially acts as a form of reassurance that your customers can bank on and use as a final justification for their purchase. When customized properly with the right reassurances – secure payment badge, logo, business info, and product/service details – you will have all the trust you need to close the transaction.

A wider range of payment methods

Thanks to the universality of a standard hosted payment page, it’s safe to say that it can help your business broaden its service capabilities by allowing your website to take on more payment methods. By integrating more diverse payment methods, you’ll be able to open up your website to more sales opportunities while improving the overall customer experience.

Ease of checkout

As a business selling goods or services, it’s important to make the checkout process feel effortless. When a customer is trying to purchase a product or service, the last thing they want to deal with is jumping through hoops trying to give you their money. The beauty of hosted payment systems is that it truly does make the transaction from customer to provider smoother than ever before.

Customizable payment options

Whether you’re selling a product, service, or receiving a donation of any kind, you can set up your payment page to receive one-time payments or recurring subscription payments on a daily, weekly, or monthly, bi-annual, or annual basis. Having a payment page gives you full flexibility. You just need to set up the payment page to collect the right information from the customer.

Conclusion

With the help of a hosted payment page, you’ll be able to maximize your website’s ability to provide a safe, trustworthy environment for your customers when they make their purchases—all while maximizing the power of Stripe and other payment gateways.

Payment Page is a payment page builder integrated with Stripe and other gateways that can help any business accept payments from all over the world. Get in touch with us today to see how we can help your business get started!