Category Archives: digital payment system

How to Provide Convenient Payment Solutions for Ecommerce businesses

All the world’s trading practices seem to be shifted online gradually. As they didn’t arrive alone, thus came with the urgent need to search for a proper, appropriate, safe, and click away from an easy mode of payment solution, while purchasing online. This online payment solution is like the backbone for almost entire ecommerce products and service providers.

We can list the best payment solutions for all the low and high-risk ecommerce businesses working today, or are in the need to get payment solutions, because they are worth performing better online businesses for the betterment of potential buyers online. We can get the explanation and get informed of the different aspects of services provided by any digital payment solution providers.

 Some of the payment solutions which are most preferred by ecommerce companies are 

  • Payment solutions for Credit card and Debit cards processing
  • Efficient payment Gateway solutions
  • Merchant Accounts for easy transections
  • ACH & check to process
  • Online banking
  • Opening of offshore Merchant accounts
  • Specialized in crypto currency Payment solutions

What is an Online Payment Solution provider, and how does it impact your ecommerce well-being?

An online payment service provider is you can say, the agency in between the traders and online buyers, offering payment services, consultation with online merchants, and offering more updated secure transaction methods. More or less it connects buyers with online merchants by easy transactions and timely delivery of stuff and services responsibly.

How to deliver as Payment Service Agency?

What is the expectation? 

What are the new technology advancement and there easy marketing is all the working arena of a Payment service provider? First, to last all services are elaborated under

Payment solution for credit cards and debit card processing is a must to cater. As, we all know that in present-day marketing equations, the banks are issuing Credit cards and debit cards to buyers, and are used as the tool to purchase online, and that service can be reached 24 by 7. That’s why the processing agency is readily giving the software which is attached to the web, for payment acceptance. 

Payment Gateway solutions are those services related to payment online, as a software, a payment gateway can be termed as a tool given on the website for the security of banking data, and forwarding the payment request to the bank, and gains an approval with transparency. 

Offshore Merchant Accounts enables the ecommerce business the excess to the global market oversea. They allow them to do oversea trading, accepting the foreign currency, on low taxation. These Offshore Merchant accounts help to collect the huge some and frequent transaction without any hiccups, which are mostly opened by Payment solution providers like the Radiant Pay based in London.

High-Risk Processing, some ecommerce businesses fall in the category of High-risk business, whose order and transaction need some extra care. As these categories’ like Adult Industry, tobacco sale, Casino and Gaming Industry, and the travel industry are just some examples, which is handled with some unique terms and conditions in the International Market.

 There are some facilities which are given by experts of online payment solutions like Radiant Pay, for the easy transaction of the fund, although High-Risk in nature.

ACH (Automated Clearing House) and check clearing facility is also a very innovative form of digital payment model, in which the fund is cleared in a scheduled, timely cleared with an automated process, it’s a fund clearing system with e payment and electronically debit and credit cards. They can issue electronic checking slip which is accepted all over and reduces your frequent visit to the Banks.

Online Banking Services are largely used by all the customers globally, as many payment alternatives available for transactions like Credit Cards, Wallets, Vouchers, Cheques, etc. As the Highest % are using the Online Banking and purchasing cashless, Our Radiant Pay is also doing payment ease for this customer, if they don’t have Credit& Debit cards with them.

Call to Join Radiant Pay as an Expert

I hope you got the complete Idea of how an Online Payment Solution provider is making our work of running a seamless and profitable ecommerce business, is converting our dreams into reality. They help to collect money, in a safe, fast, and easy manner, without troubling us a bit.

If you are looking for a quality Online Payment Service Provider, Radiant Pay is more than the Best choice. It is better to grow your business with all the other resources, and leave the Digital Online Payment to Radiant Pay for the extremely better and sure result of Rocket like growth in your ecommerce business. You can also visit www.radiantpay.com and 

 support@radiantpay.com      

High-Risk Business No Problem, for Radiant Pay

Do you want to do online business?

But what if you find your eCommerce business on the High-Risk side?

What is high-risk and in who’s eyes?

The online business market is on a real boost. Every small and large business are running here and there to start an online business. In the process when they find their business is a high–risk, considered in the online arena. That sends a real jolt in the nerve.

 But what is the difference if it is high risk or low?

It makes a lot of difference, as high-risk business payment acceptance by offshore banks, and payment gateways treat them with more strict chargebacks and more fee per transaction.

 We have to classify our online business as high-risk or low-risk in terms of banking and merchant services. By knowing that you can pinpoint your type of need, and search for a merchant account that can serve your type of business appropriately.

What are the types of High-risk online businesses and their distinctions to be so?

The factors responsible to label your online business as High-risk not only depend on what you sell online. It also includes the fraud potential, the chargeback possibility, huge amount transection, and history of account losses.

If you are Online with running Tobacco, casino, the adult industry and goods, traveling agency, online gaming, gambling, alcohol and liquor, Glassware, Guns and firearms, Narcotic drugs, debt collection, and many more are listed as the high-Risk businesses by many banks and oversea Merchant accounts.

Radiant Pay can provide solutions

As Radiant Pay can access your request to open a merchant account for your High-risk online business, we are tackling successful transaction bailout for some controversial money transections, in the overseas banks.

 Radiant pay is a leading payment service provider for online payment based in London. Which is a good experienced for catering to the High-risk enterprises with low-cost payment solutions, which are otherwise always targeted by many banks with high chargeback and transection fee, for being High-risk type.

We can handle, or our experts are capable of handling any tricky situation and can guide your fund a smooth pass to your merchant account, which is possible due to our strong foot and goodwill network in many overseas Banks and Banks in European Union countries.

 Radiant pay is the war-horse to rally upon, for your beneficial ride, no matter you do a high-risk online business.

Things that you must require to be familiar regarding your Credit Cards

credit card processing, card processing agency, credit card processing services,

What are the best means of payment and what forms do I have to use them? This is very common question which come in mind of many people. Radiant Pay Credit card processing services is answer of this question.

All Cards are personal and non-transferable, so you must identify yourself to the affiliated establishment that requests it.

Set up recurring payments with credit cards

The recurring charge can only be made with the authorization of the cardholder, and this is usually done with the first payment. At this time, the payment processing service will save the card details and encrypt them. The merchants will have access to the code (token), which can be used to charge regularly. The cycle of recurring payments will not be interrupted until the cardholder decides to cancel the subscription service with automatic billing.

Recurring payments with Credit card processing services have less risk of default and are convenient for buyers

Tips to control the reimbursement and chargeback rates

Although recurring payments with Radiant Pay credit card processing have less risk of default and are convenient for buyers, they have the disadvantage of exposing merchants to more requests for refunds and refund of charges. Above all, merchants should make it simple for consumers to cancel their subscription and stop automatic collections at any time. Each payment processor can define its own requirements to enable recurring payments for an online business. However, card processing agency who wants to keep reimbursements and charge back’s under control should do the following:

  • Clearly recognize every recurring transaction to the buyer.
  • Send notifications by email to consumers before each charge, preferably including information on the amount to be charged.
  • Provide clear information about the configuration of collections, as well as any payment related to the delivery of goods and services.
  • Offer simply available contact detail for customer service.
  • Give subscribers a simple option to cancel recurring charges.
  • Clearly state the cancellation policy on the website.
  • Finish the automatic collection immediately after the buyer’s request.

Digital Payment Innovation that Transforms E-Commerce.

digital payment innovation
digital payment innovation

Digital payment is something paying online through various digital modes. In the digital payment transaction, the payer and payee both involved in a transaction without going anywhere, it means that both can send and receive money online. It is also called electronic payment. No hard cash is required for paying anywhere. Digital payment eliminates cash and increases more business. For example in a cash transaction, the payer goes into the bank to withdraw cash or at the ATM just he wants to buy something from the retail store and then the shopkeeper also will go in the bank to deposit that money which he/she has earned. Instead of doing all these things, standing in a queue of ATM or giving more visit to the bank let’s move on to the digital payment method which is time saving for the business.

Some Digital Payment System that Transforms E-Commerce

Credit cards

Credit cards are something by which we can pay for goods and services over and above the limit in our account. Due to the number of credit cards being issued by the bank is increasing there is a rapid increase in the digital payment as well online payment. Digital payment is transforming the mind of customers, as it is the convenient and easiest mode of payment accepted worldwide. Nowadays most e-commerce sites have given the number of choice to the customer to pay for the goods and services offered for sale, this will indirectly increase the customer base and boost sales by which your organization will lead to accomplishing the goal. The customer also feels secure that they have paid money to the merchant in his/her account online.

UPI apps

UPI apps or unified payment interface is a payment solution app by which you can easily transfer fund from one account to another. These apps were usually being provided by the concerned bank only but as digital payment flow started from country to the country now there are numerous UPI Apps available in the market such as Paytm, Mobikwik, etc. and many more. This app allows you to pay for everything which you want to consume as it is linked from your bank account. For using it you don’t require to follow any documentation in your bank or the company from which you will be operating your payment. Most of the banks also provide these services through mobile banking so that their customer feels happy regards to the service offered. The only thing is that you should have an android phone and stable internet connection. It is better to use if your phone allows you to use such apps because sometimes you may find it doing trouble if your phone doesn’t have enough battery or it has no internet connection.

E-wallets

E-wallets or mobile wallet is the digital version of your physical wallet by which you can pay for the goods and services with more functionality. E-wallets allow you to recharge, pay for different services through your smartphone which means all things under one roof. E-wallets are convenient and easier way to pay for the goods and services which are online. E-wallets also give you cash back offers on different transactions. This in return transforms e-commerce and increasing globalization and allows the merchant to reach wide customer base.

E-wallets are the faster and affordable mode of digital payment method which should be used by every person who earns. But if you use such type of wallets on your smartphone you should lock your phone otherwise someone else might access your wallet.