In the past few years, online shopping has become more popular than ever. Consumers can access an array of products and services instantly with a few clicks of a button. Unsurprisingly, there are many fraudulent websites and hackers that prey on ecommerce customers. For this reason, it is crucial for businesses to have a smooth and secure payment processing system in place.
At SlidePay, we offer a range of secure payment processing options including ecommerce solutions. Below we have listed a few important things to know about how ecommerce payment processing works and how to select a reliable service provider.
How it works
In recent years, significant efforts have been made to establish standards and systems that guarantee secure processing of online payments in the ecommerce industry. The primary aim is to protect the privacy of customers who engage in transactions on legitimate websites offering products and services. To achieve this, payment details are encrypted before they are transmitted to the merchant's website. Once received, these encrypted details are forwarded to a payment processor like SlidePay.
The role of the payment processor is crucial as it acts as an intermediary between the merchant and the customer's bank. Its main responsibility is to verify if the customer has sufficient funds in their bank account to complete the purchase. If the funds are available, the payment processor authorizes the transaction and transfers the specified amount from the customer's account to the merchant's account. Ultimately, the payment processor plays a vital role in ecommerce payment processing. It handles sensitive information securely and employs various authorization techniques. By ensuring the privacy and security of transactions, the payment processor serves as an essential component of the ecommerce ecosystem.
White labeling
When you make an online purchase, you might have seen logos or branding of payment processing companies like PayPal or Stripe on the website. This is because many businesses prioritize white labeling to maintain a consistent and professional online image. White labeling involves integrating an application seamlessly without any visible branding. At SlidePay, we provide a white labeling option that allows our clients to incorporate our dependable ecommerce payment processing services directly into their website.
Payment methods
Currently, a wide array of payment options is available for both online and in-store transactions. One increasingly popular method is the use of digital wallets. These convenient systems enable customers to make payments using their smartphones instead of manually entering credit or debit card information. To be successful in today’s market, it is crucial to select an ecommerce payment processing provider that supports a diverse range of payment methods. This ensures that customers have the flexibility to choose the payment option that suits them best, resulting in improved customer satisfaction and increased sales for the business.
Mobile adaptation
When establishing e-commerce payment processing, it is essential to consider your mobile payment portal. Mobile applications differ from their PC counterparts in terms of user experience, screen size, and other factors. It is crucial to ensure that your business maintains a professional and trustworthy appearance across both mobile devices and computers. Having a well-designed and user-friendly mobile payment method achieves this and attracts customers who prefer to browse and shop using smartphones or tablets.
Unfortunately, not all payment processing providers effectively adapt their services for mobile devices. Therefore, we recommend investigating how your chosen payment system will appear and function on different devices before choosing a provider. Offering a user-friendly mobile payment option contributes to a smooth and enjoyable shopping experience, ultimately boosting customer satisfaction and potentially increasing sales.
Contact us today to learn more about our high-quality payment processing options.
