How Can An Online Payment Service Provider Help Drive Business Growth?

E-commerce in China has its challenges, with merchants looking to accept customer orders in a streamlined, cost-effective and secure manner while fostering customer satisfaction and loyalty. The choice of an online payment service provider can satisfy all these requirements. Here are some factors to keep in mind to drive business success.

Flexible Payment Options
With so many payment options available today, it makes sense to offer customers the option to choose their preferred payment method. It’s a smart move to offer popular payment methods such as credit card, debit card, online bank transfers as well as alternative methods such as Alipay, Apple Pay, Wechat Pay, Pay Pal, QR code mobile payment and China Union Pay. Offering multiple payment methods is a great way to make customers happy. The right e-commerce service provider can ensure easy and seamless website integration.

Seamless Purchase Experience
It’s very important to facilitate instant payment transactions and real-time confirmation to customers. Shoppers consider e-commerce websites that provide these payment solutions to be more reliable and credible. Any glitches like longer check-out times or manual intervention are not likely to be received well, leading to issues like shopping cart abandons and going to a competitor website for purchases. Backed by a team of technical experts and cutting edge technology tools, a good e-commerce solution provider will be able to provide instant payment transaction solutions.

Protection against Data Theft and Fraud
Data security and protection against credit card fraud are two of the main concerns of online shoppers. Shoppers look for merchants who they can trust to keep their data secure when they provide private information. In this regard, compliance with PCI DSS security standards is a benchmark of reliability and is also necessary to avoid heavy fines by credit card companies. It may be difficult for online merchants to meet the complex and comprehensive PCI DSS security standards on their own. In such cases, an e-commerce service provider can help streamline PCI DSS certification to ensure clients are on the compliance curve.

Multi-Currency Support
While the above three factors can help satisfy customers and instill in them the confidence to come back, there are other ways an online payment service provider can foster business growth. If an e-commerce store offers services to consumers in cross-border or international markets, an online payment service provider can provide solutions that support payments in multiple currencies. Thus, an e-commerce business can cater to the demands of an international audience and realize plans for business expansion into other markets.

Flexible Settlement Schedules
Whether online or offline, capital flow is vital for running a business. By supporting multiple settlement currencies and offering flexible settlement schedules, an online payment solutions provider comes into the picture. With flexible settlement periods on offer, merchants with various needs can find an appropriate payment solution to achieve business success. Other solutions such as MOTO merchant account with a virtual terminal, round-the-clock technical assistance, customer service in multiple languages and account management also help merchants.

For all these fantastic solutions and more, get in touch with China’s leading online payment solutions provider!