For the businesses to drift towards online trade has become quite a necessity today and of course, with the business going digital the online payment options become mandatory with it. People have been preferring more and more online shopping for any product or service.
According to the statistics, India and Indonesia would show the fastest growth between 2018 and 2022 in retail eCommerce. All the purchases of around 95% would be through eCommerce and m-commerce by 2040. Not only that the ratio of mcommerce in the whole eCommerce would go to 72.9% worldwide by 2021. The statistics state that over 4 billion people that are 53% of the world’s population use the internet and almost all of them (92.6%1) go online using their mobile devices.
In 2020 the number of digital purchasers would reach 2.05 billion worldwide and to 2.14 billion by 2021. Convenience, cost savers, faster Internet speeds and cheaper devices are encouraging this further. We can say that observing the ongoing trends, nearly all the business would convert online in the next 20 years. A huge part of this would through mobile devices. So, if the companies would want to boost their mobile sales and take place in the economy, they would need to act accordingly.
Not only that the below statistics also make it necessary to have reliable eCommerce payment gateway integrated to your website or mobile application.
PayKun Payment Gateway can keep up with the expectation really well. It has all the qualities that a top payment partner should be having for its clients running an eCommerce website or app.
The topmost reason for the people choosing the online shopping is as they can buy anytime at their convenience and they drop 27% of people drop out because they find the checkout process very complicated and 35% find the site as insecure. This makes it necessary that your payment gateway has all the security protocols and compliances.
PayKun is a PCI DSS Level 1 compliant, in simple words, the sensitive card data is totally safe and secured. And with the AES 256 Bit Encryption Standards, whatever data passes by could never be hacked or stolen. The SSL encryption makes the connection between the server and the website non-hackable.
Another important fact is that 85% of customers would go online and run research before they buy online, so an overall reputation is everything when it comes to online commerce.
So would be the reputation of your Payment Partner that you have chosen. PayKun has built that reputation is a short period of time and it would boost the confidence of the customers when they see a reputed payment gateway st the checkout.
Responsive Support Team
Also, having customer support makes a difference and 51% of the buyers trust the companies that have easy customer service and it is easy to contact them.
For example, many customers reach out to PayKun payment gateway because as per their notion they have made the payment to you but it went through the payment gateway, so PayKun chat, email and call Support team is never reluctant in answering your customers. You and your customers both are of the utmost priority for them.
Apart from that other important features are as below:
Multiple Payment Options
With PayKun you can give 120+ payment options, one of the aspects for the customer dropout is the lack of preferred payment method by the customer or because there is downtime in one payment method but they could not switch to another one. So, you should give all the possible methods likes debit card, credit card, wallet, UPI, BHIM, QR code, etc.
The most important aspect of all is this part, the integration. There can be two lack points here, one is no technical knowledge and it was too hard for the merchant to integrate and two, the required platform was not supported.
PayKun provides free integration services so technical knowledge is not at all required with PayKun and also its ready plugins and SDKs make the task easy and hassle-free. It supports all the major platforms for integration to websites or apps, like, PHP, Magento, Android, iOS, WordPress, Ruby, Python, .Net, Node JS, Java, WHMCS, Prestashop, Opencart, etc.
Easy on Pocket
PayKun is among the cheapest payment gateways and provides the lowest transaction rate. Also, there are no setup or maintenance fees too. It does not charge any hidden fee.
PayKun Merchant Dashboard
Tracking, managing, and administration of your online payments were never this easy like it is with the PayKun dashboard. The transactions, refunds, statistics, graphs, settlements, customers, etc, all important functions and information are displayed and could be handled from one place and that is the merchant dashboard.
So, let’s make someplace in the economy and develop the eCommerce business by signing up with the best payment gateway of India now!