Wednesday, September 27, 2023
Universel Blog
No Result
View All Result
  • Login
  • News
    The Art of Horse Pitching: Blending Elegance and Athleticism

    The Art of Horse Pitching: Blending Elegance and Athleticism

    Pure Delight: Exploring the Irresistible Charm of Cute Dogs

    Pure Delight: Exploring the Irresistible Charm of Cute Dogs

    Does anyone have the chance to live the same age as Colestein Veglin claimed?

    Does anyone have the chance to live the same age as Colestein Veglin claimed?

    Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value

    Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value

    Seamlessly Convert: Streamlining Transitions in the Digital Age

    Seamlessly Convert: Streamlining Transitions in the Digital Age

    3D Pen Art Unleashing Creativity in Three Dimensions

    3D Pen Art Unleashing Creativity in Three Dimensions

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Politics
  • National
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    The Art of Horse Pitching: Blending Elegance and Athleticism

    The Art of Horse Pitching: Blending Elegance and Athleticism

    Pure Delight: Exploring the Irresistible Charm of Cute Dogs

    Pure Delight: Exploring the Irresistible Charm of Cute Dogs

    Does anyone have the chance to live the same age as Colestein Veglin claimed?

    Does anyone have the chance to live the same age as Colestein Veglin claimed?

    Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value

    Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value

    Seamlessly Convert: Streamlining Transitions in the Digital Age

    Seamlessly Convert: Streamlining Transitions in the Digital Age

    3D Pen Art Unleashing Creativity in Three Dimensions

    3D Pen Art Unleashing Creativity in Three Dimensions

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Politics
  • National
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home News

How to Improve Your Online Payment Performance?

universel_blog by universel_blog
March 15, 2022
in News
0
How to Improve Your Online Payment Performance?

How to Improve Your Online Payment Performance?

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Indian eCommerce market is anticipated to reach US 111.40 billion dollars by the year 2025, which is more than double as compared to recent years. As per the NASSCOM studies, India’s eCommerce is constantly growing at 5% CAGR, despite the COVID-19 pandemic. Online shoppers were around 190 million in number for the year 2021, which indicates the varying choices of most Indians who are preferring online purchases over offline. This number is on an upward pose.

Parallel to online shopping trends, there is a vast number of declined payments due to poor payment performance of payment gateways on the merchants’ part. That’s the major reason why an online retailer should strive to offer better payment experiences to its customers to avoid payment rejection. This would also result in the reduction of the number of cart abandonment instances on eCommerce sites.

READ ALSO

The Art of Horse Pitching: Blending Elegance and Athleticism

Pure Delight: Exploring the Irresistible Charm of Cute Dogs

Just enabling an Ecommerce payment gateway is insufficient; providing the customer a user-friendly payment experience is also essential. Here in this article, we are going to discuss a few tips on how you can improve your payment performance and don’t lose to payments rejections.

Improving your Online Payment Performance

  • Offer as many payment methods as you can– As per the research studies, more than half of the customers don’t proceed further with their purchase if they don’t find their preferred payment option. Enabling many options to your eCommerce payment gateway is a must in an online business. Zaakpay’s payment gateway lets your customers pay from 100+ available options such as UPI, net banking, eWallets, Debit/Credit Cards, QR codes, and many more. With these options, you can provide a variety of payment options to your customers so that they don’t leave without completing the transaction.
  • Don’t offer a compulsory account creation until payment– A first-time visitor of your website doesn’t want to receive unnecessary sales pitches over emails and unwanted passwords to remember. It’s better not to disturb users’ security concerns and let them not share their info. Once the user has trust in your website and adds products to his cart, only then ask for account creation. Engaging traffic to the website is more important for a retailer to have a broader reach to the customers. Once it is done with the added promise of security, you can have access to their email numbers and pitch your sale.
  • Don’t redirect the customer– If your payment gateway redirects your customers, they might feel they are interacting with a different company, and this loses their trust and interest in your website. As a result, they would leave the transaction incomplete. Hence, you should try to reduce redirection as much as possible. With no setup and maintenance fee and minimum payment gateway charges, Zaakpay’s payment products can be integrated in a day, and you can start accepting payments via different options of payment.
  • Use the expertise of payment partners- Many of the retailers want to have a global market for their products. However, a global template is a must which comes in all local flexibility to succeed in global markets. Apart from this, payment data interpretation is both a science and an art, and that is why you should seek the help of your payment partner to explain and interpret the data. An international customer feels safer in transacting with local currencies. That’s why you should also offer a dynamic currency conversion or multi-currency solution for the customers  once they checkout for payment. With the help and expertise of your payment partner, you can also reduce payment decline rates by an understanding of local market nuances.
  • Keep the payment information secured as much as possible– A strong and encrypted connection needs to be provided to the users for secured payment information. For that, a gateway that complies with PCI DSS and SSL standards should be considered. If you advertise it on your website, it is more likely that users will order more once they know their data and information are secured.
  • Keeping the requests minimal– Requesting for other than necessary information such as phone numbers may cast a doubt in the user’s head and can make them uncomfortable. If you try to limit the data requisites, you can experience reduced cart rejection rates. 11% of online shoppers deny the payment processing due to unrequired information the web pages ask. This adds to more steps towards the payment process. Hence, try to make the process simpler to maximize completion.
  • Educate your customers– There is still a segment of consumers who are worried about security concerns while they make digital transactions. Once you educate your customers through your website, more users will get to know your product, and the chances are that they will feel comfortable at your online store. This can be done through email marketing social media marketing to let them know how digital payments are more secure than a traditional payment method.
  • Offer more straightforward coupons and rewards– Many of the customers will switch their payment method if they come to know a particular way is offering rewards and coupons. However, a complex reward system can make a customer frustrated. To counter this, you should try to focus on providing a simple reward system that a customer can easily understand and proceed with at POS (Point of Sale) itself.

Accepting online payments opens a wide gate of opportunities to grow and earn more revenues. Customers are reluctant for payments that seem insecure. Once you start applying the above helpful tips, you can reduce your cart rejection rate. Not only will this increase your revenue, but it will also create a better experience for your customer, and they will come back to you more often.

Zaakpay’s payment products are easy to integrate, and support a variety of methods for your customers to choose from. With 0% per transaction in UPI and a variable rate per transaction on other methods, its payment gateway charges are economical and hence, many budding entrepreneurs in India have trusted it.

universel_blog
universel_blog
Tags: ecommerce paymentindian ecommercenasscomonline payment

Related Posts

The Art of Horse Pitching: Blending Elegance and Athleticism
News

The Art of Horse Pitching: Blending Elegance and Athleticism

September 27, 2023
Pure Delight: Exploring the Irresistible Charm of Cute Dogs
News

Pure Delight: Exploring the Irresistible Charm of Cute Dogs

September 27, 2023
Does anyone have the chance to live the same age as Colestein Veglin claimed?
News

Does anyone have the chance to live the same age as Colestein Veglin claimed?

September 25, 2023
Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value
News

Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value

September 20, 2023
Seamlessly Convert: Streamlining Transitions in the Digital Age
News

Seamlessly Convert: Streamlining Transitions in the Digital Age

September 20, 2023
3D Pen Art Unleashing Creativity in Three Dimensions
News

3D Pen Art Unleashing Creativity in Three Dimensions

August 28, 2023
Next Post
Fiber optic component

Fiber optic component

POPULAR NEWS

Everything About Fecal Impaction

Everything About Fecal Impaction

August 20, 2022
10 Car Detailing and Car Washing Tips to Keep Your Car Looking Like New

10 Car Detailing and Car Washing Tips to Keep Your Car Looking Like New

July 4, 2023
SOLAR PRODUCTS USEFUL IN REMOTE VILLAGES

TOP 7 SOLAR PRODUCTS USEFUL IN REMOTE VILLAGES

July 4, 2023

EDITOR'S PICK

Skill Based Slot Machines Quebec

March 20, 2023

Most Popular Online Slots Canada At Syndicate

March 20, 2023

New 2023 Online Casino Canada

March 20, 2023

Post River Game

May 22, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Apps
  • Business
  • Celebrity
  • Education
  • Entertainment
  • Fashion
  • Food
  • Games
  • General
  • Health
  • Home Improvement
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Science
  • Space
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • The Art of Horse Pitching: Blending Elegance and Athleticism
  • Pure Delight: Exploring the Irresistible Charm of Cute Dogs
  • Does anyone have the chance to live the same age as Colestein Veglin claimed?
  • The Ever-Evolving World of Software & Apps: Innovation, Impact, and Future Trends
  • Buy JNews
  • Landing Page
  • Documentation
  • Support Forum

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Homepages
    • Home Page 1
    • Home Page 2
  • News
  • Politics
  • National
  • Business
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Opinion
  • Science
  • Tech
  • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • porno français
  • modelos em categoria
  • film porno italiano
Go to mobile version