Accepting Ecommerce Payments: An Introduction
Be sure that you are using a secure and trusted payment gateway for your ecommerce transactions.
Ecommerce has taken the world by storm and is quickly becoming a major player in United States retail and beyond. According to eMarketer, online shopping dominates 7.5% of retail sales worldwide. Experts have estimated that ecommerce sales will add up to $3.5 trillion by 2019.
You don’t need a crystal ball to see that ecommerce is the way of the future, and the future requires secure transaction gateways for success. Customers look for trusted payment platforms when shopping online, and to build a reputation that your customers can trust you will need to partner with providers who offer complete security.
Unfortunately, we cannot conduct cash transactions online. BitCoin offers something of a solution, but is yet to be adopted as a trusted payment method. Until then, we recommend choosing PayPal and Stripe to trust with your shopper’s information. These are two of the most trusted agents in online point of sale, and can quickly and easily create a secure portal for you to receive payments from your customers.
Based out of California, both PayPal and Stripe specialize in online money transfers. They have quickly become world renowned for providing reliable and global currency transactions. Security includes two-factor authentication within a straightforward interface. PayPal is almost 20 years old, and can be found on almost any online retail website. Stripe may be younger, but has made up for lack of experience with user friendliness. Both services are recognized and trusted worldwide, something which is important to your potential customers.
While employing PayPal and Stripe as your transactional platform, you can expect to pay roughly a 3% flat rate per transaction. Both offer APIs designed to prevent any risk of third-party interference or data theft. Midphase offers access to both PayPal and Stripe in our Online Shop Builder ecommerce packages, and you can easily offer one or both payment options to ensure that transactions are smooth and safe for your customers. Be sure that your online shop has only the best as both PayPal and Stripe become the face of future ecommerce success.