Payment Processing Security

The huge trend in the e-commerce and m-commerce business invites a huge number of cybercriminals. A merchant needs to look after the best-secured payment gateway which gives the secured payment gateway and enclosed processing with high-security level.

Credit cards are the most commonly used method through which payment takes place. Hence the  chances of more usage lead to more scammers nad thieves which may steal the information and empty your  business

A few things the merchant needs to look after to secure his/her data.

1. PCI Compliance.
2. 3D Secure 
3. SSL

PCI Compliance

When you’re processing payments on your website, PCI (Payment Card Industry) is a must. The Payment Card Industry Data Security Standards (PCI DSS) provide direction for merchants that tell them what they need to do in order to secure sensitive data in payment processing.

A merchant doesn’t have to be PCI compliant if he/she selected the right payment provider (one with PCI level 1). He/she can leave it up to the payment gateway to comply with the industry level security excellence. Note that data encryption is needed by PCI.

2. 3D Secure 
3D Secure creates a secure password for the merchant’s credit card. Each and every transaction is then verified with a password, which adds an additional layer of the security.
This practice can really boost up your earning and defends again the fraudulent

3.SSL
Each and every transaction should be secured with SSL protocol. SSL helps to encrypt the information so that the card details and all other sensitive and important data is secured. It, of course, improves payment security but also makes customers more eager for the purchase.
A padlock icon in the URL bar symbolizes the SSL, and the web address starts with https.

Merchant Stronghold 

We, at Merchant Stronghold, will help you secure your payment processing in order for you to provide the best payment security to your customers. We also provide high-risk merchant services, contact Merchant Stronghold to get answers to all your questions related to the security of payment processing. Feel free to contact us using our toll-free number +1 (888) 622 – 6875.

Customer Thoughts For Redirect Payment Gateway

Redirect Payment Gateway – One of the common mistakes made by the merchants is that they do not give much attention to the Payment Gateway redirection. A payment gateway is a point where conversion takes place. If not done right, you can lose customer and revenue, both.

It is advised to every e-commerce merchant to choose a redirect payment gateway, carefully. This blog contains all the details required for a merchant related to “Redirect Payment Gateway”. Furthermore, you can get to an expert of that matter at Merchant Stronghold and get the required assistance.

Customer’s Thoughts For Redirect Payment Gateway

Many merchants choose Redirect Payment Gateway, especially the small e-commerce business. However, this can sometimes harm the business if not handled carefully.

E-commerce business should pay special attention to their customer’s experience. And “what does your customer think about the Redirect Payment Gateway?” should also matter. In order to improve your services, you need to know about your customer’s thoughts. Here are some examples:

When the customer is redirected for the payment, the first thing they notice is a change in URL. Along with that, the logo and the name of the brand are also going to change.

These changes can confuse the users sometimes and might speculate and leave the website.

If there are too many clicks involved while making the payment, then also the customer might start reconsidering the purchase.

Other than that, if a customer finds the redirected website not trustworthy then too he may leave.

There are many such issues that can affect the conversion of E-Commerce customers. If you are also bothered due to such problems in your online business then you can get assistance from Merchant Stronghold.

For more information directly contact us @ +1 (888) 622-6875.

Alternative Credit Card Payment Methods

Alternative Payment Methods: Methods that are used as an alternative to credit card payments. It is also referred to as CNP (Card Not Present) situations. The card and single mode of payment on your checkout page will not help you, only rob you of your customers by turning them down for the payment.

Let’s take an example;

Situation 1 (Without alternative payment methods) - 

So, John is on your checkout page, he has already selected your product. 

He tries to pay by his credit card. 

Error: Card Declined. Please contact your bank for more information. 

Retries

Error……

John abandons the order and goes away.

Situation 2: (With alternate payment methods.)

John tries and retries. Failed…

The third time, his eyes spot Pay using PayPal/Amazon option and he decides to go for it.

Before you know, the payment goes through.

Your new customer is equally proportionate to more revenue.

Alternate Payment Methods | Increased Sales:

The customers just need their product they want to check out very quickly and seamlessly, due to the competition you can lose your customer if you do not have a quick gateway or alternate payment method.

Take PayPal for example, the Express Checkout feature and cutting-edge technology have gathered wide popularity for PayPal as well as the merchant. Now, PayPal has become a widely known alternate method of payment for most of the merchants.

If you have a similar question or more, get an expert at Merchant Stronghold at the toll-free number +1 (888) 622 – 6875. We also provide other merchant processing services and high-risk merchant services.