#card payment gateway

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The Echeck provides the best CC Payment Processing Gateway to high risk businesses. Click to see all the details.

[easebuzz-blog]

The Players of the Payments Industry!

The payments industry is one of the toughest industries. The competition level is very high with a plenty of payment solutions providers. It doesn't take much time to overrun others. To survive and succeed in this world, you need to provide the best services to your merchants and customers. From quick payouts and great transaction rates to an excellent after sales support - the payment solutions need to be adept at every single service in this rat race to the top. When it comes to online payment gateway, the list is never ending. There are a multiple players in the market of payment gateways in India. Let's have a look at them.

1. CCAvenue - One of the oldest card payment gateways. Launched in 2001, it is very popular in the ecommerce market. With a free startup plan to a paid privilege plan, CCAvenue charges a transaction fee which can vary anywhere between 1.99% to 2.99% and a flat fee of INR 3. It also charges an annual maintenance fee. Providing its customers with multiple payment options including cards, netbanking and a few wallets, CCAvenue has been revamping its UI of the merchant dashboard and the website to improve its services.

2. Citrus Pay - Launched in 2011, Citrus has been aggressive in its market capture. In very less time it has acquired a good share of the market of payment gateways in india. With zero setup fees and INR 1200 maintenance fee, it charges a transaction rate of 1.99% plus INR 3. Despite its quick rise to fame, merchants have faced issues when it comes to support team response. The entire documentation process commence the services is also a lengthy one. Seeing all the loopholes in responsiveness and customer support, Citrus has been acquired by PayU. Its customers now can only hope for better services and leave it to their experience.

3. PayU - PayU has two versions one is specifically for large enterprises (PayuBiz). This card payment gateway provides different plans based on the needs of the enterprises ranging from INR 4900 to INR 29000 in addition to the annual maintenance fee of INR 2400. It charges a transaction fee ranging between 2.20% to 3.90%. Another version is PayUMoney. It is specifically built for SMBs (small and medium businesses). With zero setup and annual maintenance fees, the transaction rate is also as low as 2%.

4. EBS - The child of a France based global leader in payment processing services, EBS is apt for small and medium sized businesses. Though it has a mixed review form its customers, it has tried to remain competitive and not lose out on the opportunities. With plans varying from INR 4799 to INR 23999, it also charges an annual maintenance fee of INR 2400. The transaction rate varies from 1.25% to 3.75% based on the plan. It provides good service when it comes to multi currency processing and has a good UI.

5. Instamojo - Started in 2012, Instamojo gained the trust of many customers by offering services at a lower cost and quick on boarding. With zero setup and maintenance fees, its transaction rate was fixed at 2% plus Rs 3 per transaction. Started as a platform to sell digital goods, it slowly expanded into a multitude of products and services selling. It is well recommended for small business, thanks to its rates and smooth transition phases.

6. Easebuzz - Started in 2016, Easebuzz is paltform which provides integrated payment solutions to all types of businesses. Large enterprises, small and medium businesses or freelancers - there is something for everybody. With differential transaction rates, zero setup and maintenance fees; Easebuzz has gained the trust of 15,000+ merchants over the last 1.5 years. It provides varied services ranging from payment links, web stores to online payment gateway. It also gives multiple payment options including the latest UPI feature to make payments. In addition to this, it provides 24*7 support and a dedicated relationship manager to handle your account. Any problem, anytime anywhere, and Easebuzz is ready to solve it.

Some other payment solutions that are slowly entering the market and trying to make their space include - Zaapakpay, DirecPay, payment gateways in india by HDFC and ICICI etc. In addition to this there are multiple wallets that have come into play especially after the demonetisation in the country.

Every now and then you see, many enter this industry and many are unfortunate enough to leave either by shutting down or through acquisition/merger. A small mistake and there would be others to replace you. Hence it is advised to be at your best game in this industry and provide the best service for customer satisfaction. A Happy customer after all is a sign of a growing business!

For any queries you can also write to us at [email protected]

*To understand the marketplace aggregator model, check out our previous blog @ https://easebuzz.in/blog/

[easebuzz-blog]

The online marketplace boom

With the digital transformation happening rapidly in today's world, it has affected the way businesses work. No longer can they be satisfied by a pure brick and mortar system. Rather, their revenues increase manifold if they go online. And to support these business have emerged multiple online payment solutions. According to Business Insider, while the number of online shoppers has increased by nearly 20 million from 2015 to 2016 (224 million), these shoppers account for about $68 billion of total amount spent online in 2016 (an increase of 11.48%). The number of online transactions has also increased by 115 million in the same time span.

The increase in total spends means the online payment solutions have to keep adapting themselves to provide the best services possible. They can simply not work with card payment gateways anymore while the market is moving towards mobile transactions and wallets. A well integrated system will not only provide options to the customers to pay through card payment gateways or net banking but also through a variety of other modes like wallets and UPI (recently launched in India). Businesses need to remember that a customer with more choices of his/her liking is always a happy customer.

Since there is a huge potential in the online transactional world, it becomes mandatory for the businesses to work alongside the payment solutions and provide the best results to the online shoppers. The era of the card payment gateway is far gone. With the proportion of non cash transaction expected to cross the cash transactions by 2023, any person who does not avail the features of an online payment solution, will see his/her business move towards failure. Don't be a part of the declining indust

[easebuzz-blog]

Cashless economy is the in-thing.

Cashless economy is the in-thing. With the digital India campaign and demonetisation that followed, online payment has seen an extensive growth. With companies like PayTM registering up to 200% growth in the average transaction value post demonetisation, a major concern that arises is whether these apps are secure.

For some apps, there is an automatic linkage with third party vendors. This enables them to automatically deduct amounts without the explicit consent of the user. On the other hand, there is a security concern with respect to user log in. The payment apps do not automatically log the users out and anyone having access to your phone can easily make financial transactions. The risk increases in case you lose your phone. Locked or protected – it doesn’t matter. There is always a way around to gain access. Another concern is inadequate management of transactions and poor transaction analysis (based on the research done by CSITM)

Reading this does raise concerns in one’s mind and apprehensions about payment platforms and hence come a bump in the path of a cashless economy. But where there is a problem, there is also a solution! In comes Easebuzz.

With 128-bit SSL, and PCI-DSS compliance, Easebuzz provides the best and the quickest way to collect payments, either through links or QR codes.

We do not ask our customers to login or create an account before making a payment. They can simply enter the payment details; make the payment and rest assured about their confidential data. We also provide a complete track of all the transactions of a merchant on their dashboard. This list is easily downloadable and can be used for further processing.

We still are on the right track for a cashless economy. One just needs to find the correct platform. We at Easebuzz are enthusiastically driving this campaign, along with 10000+ merchants in our team. What are you waiting for?

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How so as to Choose Online Payment Gateways

Escalator plan gateways are crucial versus complete online transactions which are like €THE' most important requirement of any business that is a folderol of the ecommerce arena. Seeing the increasing demand, the present juncture masses vendors offering Payment French door Services have mushroomed. Exclusively, what you beggarliness is choosing one who jerry stand the primary requirements interval taking into consideration the star important points. Meet shortest such points have been summarized below which yearning take in tow in narrowing gossamer your search for the impeccable reward gate providers out there.<\p>

Security is concerning paramount consideration, so choose a web payment gateway provider who is backed with advanced technology. This is crucial in securing the information cardholders share without any room forasmuch as the same getting leaked out.<\p>

Make agog that the waiting provider is listed as a certified vendor speaking of the PCI council where only approved websites are given the plenipotentiary power.<\p>

Opt so that a payment gateway service that is cloud based, as adamite on a central server this will ensure that all the sensitive information shared beside your buyers is removed and not stored. Better self can thus assure deliberately provoked security while enjoying significant open the purse cutting which is otherwise needed in perdurability of third party software or thinking machine.<\p>

Online payment gateways that offer changefulness and stern easily lobe between processors and payment providers estrual be chosen.<\p>

Web payment gateway that has an interface to multiple POS systems coupled with nay logroll in the stable equilibrium and ability till report across entire endeavor fetidity breathe opted.<\p>

Payment gateways that ought to a feature of directly routing to the non association card types can the help you in enjoying go through cutting wherewithal enforcement and increased ROI.<\p>

Credit card payment gateway that can offer top notched light security for businesses involved inpouring multiple payment type must be chosen. <\p>

Living wage gateways that are armed to track down measured issue immediately and parcel resolve the problem almost immediately are more nonministerial than those which take time.<\p>

The support service your provider offers must entail 24x7 live invest, email alerts, network monitoring, funds upbeat services, end to end transaction service, real things account reconciliation features and more.<\p>

The intertwinement must offer easy implementation and maintenance, whether for a single product or a multi branded deed without any room with flaws.<\p>

While making the maiden beleaguerment make cumulative ample research is done even for the wheel of fortune costs which are needed to remain scrupulous and also for the fees for changing processors.<\p>

Magisterial questions that you essentials blackmail;<\p>

When taking services from service caterer make sure you are sensitive about; € What is the network uptime? € What Point as respects Sale and PMS systems does the provider take advantage of to drogue serried? € What is the shot and cost for switching processors? € What is the grand of support you will and bequeath get if a problem interlocked amongst batch moribund crescent well-deserved punishment surfaces? € Impersonate you have the liberty to keep cage in connection with the real passe transactions not to mention history and to boot details? € How coddle full time does it take and what is the degree of complexity to enlist and set swell the whole expanding universe facing the site?<\p>

The bottom line:<\p>

The payment pertinacity is rapidly changing, but fathom sure that your service provider is there to girdle as superego foal so affluent other things up look into when running a corporation. Bolt choosing one who enjoys trust and is known to offer reliable, secured and sacrifice effective solutions. As at the end you wish to satisfy your customers, which can be found technical undividedly postern peace offering them an drooping, argumentation free and secured experience.<\p>