What is Payment Gateway?
Payment gateway refers to an e-commerce service which verifies, accept or decline direct payments processing using a secure internet connection. Some popular payment gateways in Malaysia are Boost, Alipay, WeChat Pay, and Touch ‘n Go.
Why Your Business Needs It?
Payment gateway actually eases the life of merchants as well as buying customers. It allows the merchant to process credit, debit and other alternative online payments. Consumers don’t need to carry a load amount of cash, as an alternative they can just use mobile payment such as Boost, Alipay, WeChat Pay and etc to make payments. Since everyone owns a smartphone and is connected to the internet, shoppers are already familiar with the technology and know how to use it to make payment.
#1 Instant Payment
The payment is quick and merchants instantly get notification of the transaction that is made by the customer.
#2 Quick & Easy Setup
Setting up to receive online payment is quick and easy. Merchants can directly use it after the setup is done. For us at A.C.E IT Solutions, our payment gateway is through iPay88 app which is an all-in-one app. Meaning that Boost, Alipay, WeChat Pay, Touch ‘n Go, Visa, and Master is set up in only one app, which is easy for merchants to use.
#4 Merchants Reliability
Customers today often consider merchants more reliable when they can accept e-payment.
It encourages them to do business with merchants.
#5 Influences Buyers
When a customer has no cash on hand but has e-wallet app on their phone, they might go to merchants shop which accepts e-wallet payment. Other than that, the transaction is quick and easy, which influence buyers to grab the deal.
Are you a business owner? Wanting to apply for payment gateway?
Interested merchants/business owners can contact us to know more.
We would be happy to help you.