Post by account_disabled on Jan 23, 2024 4:27:37 GMT
The main advantage of an online store is its operation 24/7. The buyer can choose and order a product at any time; all that remains is to pay for it. But for this simple and convenient scheme to work, online commerce needs reliable and secure payment services for online stores. In other words, online stores need online acquiring. Below we will look at the features and varieties of this tool, and give a couple of tips on how to connect Internet acquiring . What is Internet acquiring If you've ever bought anything online, you've come across it. Internet acquiring is a technology that allows you to accept payments in an online store using bank cards. Conventional acquiring processes the payment by reading the magnetic tape from the card. In online stores, you enter the card number and other data for this. Essentially, the technology is the same, but the methods of data processing are different. This payment method is protected by 3-D Secure technology, thanks to which both the buyer and the seller are guaranteed to receive secure financial transactions. Any online store benefits if you can place and pay for your purchase directly on its website. There are stores that do not have an acquiring service.
On the website you can select a product, add it to your cart and place an order, but not pay for it. In this case, you need to personally confirm the order and provide the payment option for each client. For example, this is how the AliExpress website works. Sometimes buyers don’t want to wait for someone to call them back and confirm the status of their order, but want to pay for their purchase right away. Acquiring for an online store allows you to immediately accept payment. This approach reduces the percentage of purchase refusals, since purchases are often made emotionally or spontaneously. Internet acquiring: operating principle, advantages and disadvantages Acquiring for an on B2B Email List line store works according to the following principle : the technology is installed on the store’s server. The user manually enters card details. As a rule, you need to enter its number, expiration date and security CVV code located on the back of the card. The payment is then processed by the processing center and then sent to the bank. At this stage, you may need to confirm the payment through online banking by entering a password or calling. After confirmation of payment, money from the client's account is sent to the store's account. Advantages of Internet acquiring payment is made in a short time;
the store is open 24/7, the client can easily make a purchase at night or on weekends; lack of cash, collection, reduction of maintenance costs; security of money transfer. Both the client and the seller are protected from fraud; connecting payments for online stores makes it possible to quickly launch a product for sale, just add it to the website and set up accepting payments; increasing conversion and reducing the percentage of purchase refusals, as the consumer immediately transfers money for the product or service; a wide range of services provided; acquiring can be connected not only to pay for physical goods, but also for e-commerce, payment for education, utilities, and so on. Therefore, accepting payments in an online store should be organized using online acquiring. It's simple, convenient and safe. Do you want to launch an online store, but don't know where to start? We have been transforming businesses since 1999, and have dozens of successful eCommerce projects under our belt. The WEZOM team is ready to help. Disadvantages of acquiring Despite the great functionality and capabilities, there are a number of disadvantages when using Internet acquiring: There is a certain complexity in the regulatory regulation of acquiring and the rules for registering in services.
On the website you can select a product, add it to your cart and place an order, but not pay for it. In this case, you need to personally confirm the order and provide the payment option for each client. For example, this is how the AliExpress website works. Sometimes buyers don’t want to wait for someone to call them back and confirm the status of their order, but want to pay for their purchase right away. Acquiring for an online store allows you to immediately accept payment. This approach reduces the percentage of purchase refusals, since purchases are often made emotionally or spontaneously. Internet acquiring: operating principle, advantages and disadvantages Acquiring for an on B2B Email List line store works according to the following principle : the technology is installed on the store’s server. The user manually enters card details. As a rule, you need to enter its number, expiration date and security CVV code located on the back of the card. The payment is then processed by the processing center and then sent to the bank. At this stage, you may need to confirm the payment through online banking by entering a password or calling. After confirmation of payment, money from the client's account is sent to the store's account. Advantages of Internet acquiring payment is made in a short time;
the store is open 24/7, the client can easily make a purchase at night or on weekends; lack of cash, collection, reduction of maintenance costs; security of money transfer. Both the client and the seller are protected from fraud; connecting payments for online stores makes it possible to quickly launch a product for sale, just add it to the website and set up accepting payments; increasing conversion and reducing the percentage of purchase refusals, as the consumer immediately transfers money for the product or service; a wide range of services provided; acquiring can be connected not only to pay for physical goods, but also for e-commerce, payment for education, utilities, and so on. Therefore, accepting payments in an online store should be organized using online acquiring. It's simple, convenient and safe. Do you want to launch an online store, but don't know where to start? We have been transforming businesses since 1999, and have dozens of successful eCommerce projects under our belt. The WEZOM team is ready to help. Disadvantages of acquiring Despite the great functionality and capabilities, there are a number of disadvantages when using Internet acquiring: There is a certain complexity in the regulatory regulation of acquiring and the rules for registering in services.