What is a payment gateway?
A payment gateway is a crucial component of online payment processing, acting as an intermediary between a business's website and the financial institutions involved in the transaction. It securely captures and transfers payment data from the customer to the acquiring bank, ensuring transactions are processed efficiently and securely. Especially in highrisk industries, choosing the right payment gateway can have a significant impact on their success.
How do payment gateways work?
Payment gateways facilitate the transfer of payment information between the customer and the merchant's bank. A simple process of their working is as follows:
1. Customer initiates payment: Customer selects a product or service and goes to checkout on the merchant's Website.
2. Data Encryption: The payment gateway encrypts the transaction details for security.
3. Authorization request: Payment details are sent to the acquiring bank, which forwards them to the card network.
4. Bank response: The issuing bank of the customer's card (or ewallet) verifies the transaction and responds with an acceptance or rejection.
5. Transaction complete: The payment gateway transmits a response to the merchant and customer, thereby completing the transaction.
Use Cases
Payment gateways are used in a variety of scenarios, including:
– Ecommerce transactions: Facilitate online shopping on retail websites.
– Service Payments: Enabling payments for digital services like streaming or online courses.
– Subscription model: Managing recurring payments for subscriptionbased businesses.
– Highrisk industries: Supporting businesses in sectors such as forex, iGaming, and adult entertainment.
How to choose the best payment gateway?
Choosing the best payment gateway involves considering several factors:
– Security: Make sure the gateway complies with PCI DSS standards.
– Integration: Look for easy integration with existing systems.
– Supported Payment Methods: Choose a gateway that supports multiple payment options.
– Fees: Consider transaction fees and any additional charges.
– Customer Support: Choose a gateway that has reliable customer support.
Introduction to Paykassma
In the rapidly changing online payment solutions landscape, Paykassma has emerged as a leading force in the field of payment processing across highrisk industries. Since being founded in 2019, Paykassma has played a leading role in providing innovative, secure and efficient payment solutions globally across various industries. With a strong presence in countries like India, Bangladesh, Indonesia, Vietnam, South Africa and Brazil, Paykassma has become synonymous with reliability and excellence.
Local expertise with global reach:
Paykassma connects businesses to a wide user base of over 4 billion individuals across some of the world's most dynamic markets. The platform supports over 100 local payment methods including Bakkash, Cash, Upaay, Rocket, PhonePe, UPI, Paytm, Easypaisa, Jazz Cash, Skrill, Neteller, and many more. This broad reach ensures that businesses can meet local preferences while capitalizing on global opportunities.
Unmatched Performance & Reliability :
One of the most prominent features of Paykassma is its impressive performance metrics. The platform claims to have seen over 20% conversion growth in just one week and a 100x turnover increase for its customers. With a 99.9% payment success rate, Paykassma offers unparalleled reliability, allowing businesses to operate smoothly without any interruptions. The absence of rolling reserves and holds, and instantaneous settlement (T+0), further enhances the user experience by providing quick access to funds.
Comprehensive Payment Solutions :
Paykassma offers comprehensive payment solutions that cater not only to general customers, but also to the specific needs of highrisk industries such as iGaming, Forex, Trading, Binary, Dating, ECommerce and Education. The platform offers instant payment acceptance, and fund withdrawals via BTCUSDT or bank transfer (and user payments processed locally), providing flexibility and convenience. Businesses can seamlessly integrate Paykassma's solution via API or hosted payment page, ensuring a smooth and customized payment experience.
Empowering businesses with innovative tools:
In addition to its core payment processing capabilities, Paykassma empowers businesses with a number of innovative tools designed to enhance efficiency and control. The platform supports free subscriptionbased virtual credit cards (VCC), allowing businesses to manage team expenses and scale marketing campaigns with ease. Detailed expense reports and a secure access control system further streamline business operations.
Key features and benefits of Virtual Cards from Paykassma:
– 3% Cashback : Earn rewards on all purchases.
– ZERO FEES: No deposit, withdrawal, or decline fees.
– Multiple currencies: Support for USD, EUR, and various cryptocurrencies.
– Team management tools: 100 free virtual cards, secure access control system, detailed financial statistics and team management tools.
– Instant setup: Sign up in just a few clicks and you're good to go.
How Virtual Crypto Cards Work:
Virtual crypto cards provided by Paykassma allow users to deposit cryptocurrencies and use them for online payments. These cards convert crypto into fiat at the time of sale, allowing seamless transactions on any platform that accepts credit cards.
Benefits of using Virtual Credit Cards:
– Enhanced security: Virtual cards reduce the risk of fraud.
– Convenience: Easy to issue and manage without the need for a physical card.
– Global Acceptance: Use anywhere traditional credit cards are accepted.
Exceptional Customer Support :
Last but not least: Paykassma is committed to providing exceptional customer support, which is available 247365. This dedication to customer service ensures that businesses can resolve issues swiftly and continue operations without interruption. The platform’s userfriendly interface and comprehensive support resources enable businesses to navigate and utilize its features effectively.
Paykassma is revolutionizing the highrisk payment processing landscape with its innovative solutions, extensive global reach, and unwavering commitment to performance and reliability. As the top payment processing solution in Bangladesh and a preferred partner in many other countries, Paykassma is setting new benchmarks in the industry.
– / Written By Top News Bulletin
Image Credit: KhasKhabar.