Consumers spent around Rs 6 lakh crore using credit cards in 2018–19 which was 30% more than the previous year, this is according to the Economic Times. Thus, the credit cards are widely chosen along with the debit cards.
Credit Card payments are favoured by the consumers because of its various advantages such as they can file the chargeback and have the convenience of paying later.
The cost of using the credit card is higher than the other payment modes, however, it is preferably chosen by the consumers and this would make it necessary to offer this payment mode. It can increase your number of customers, also build reputation and boost the revenue volume.
PayKun is the best online Payment Gateway option for credit card payment processing and international as well as domestic payment acceptance. It is easy to use, secure and reliable. Let us discuss the reasons to use PayKun to accept credit card payments for your business:
Experienced by Many Merchants
It is already being used by various Indian businesses of all kinds such as education, recharge and bill payment service providers, healthcare institutes, ecommerce, electronic or other online and offline stores, etc. There are 10000+ onboarded merchants processing online payments including Credit Cards.
Easy Registration and Set Up Process
It is very simple and easy to register with PayKun to start accepting payments. There is a registration and setup process but it is not at all complex.
You will need to register with your merchant account with the basic details and documents first. These details and documents will be further verified by PayKun onboarding team. If the verification is successful, your account will be activated and you can move forward with accepting payments or the integration process.
The set up or integration is very easy too, you need not have any technical knowledge for the same and it is free.
Apart from credit cards, PayKun would also offer other major payment modes such as debit card, wallets, netbanking, UPI, etc.
As mentioned in the previous point the technical integration is very easy. PayKun has its available plugins and SDKs, which are ready-to-use and free. You can even get the free integration assistance from the PayKun technical support. It supports PHP, Magento, Android, iOS, WordPress, Python, .Net, Node JS, Java, WHMCS, Prestashop, Opencart, etc.
You can offer the credit card payment options online without websites or apps or the swiping machine. This can be made possible with the help of the payment links. These links do not have any extra charges and can be used through normal messengers, WhatsApp, emails, etc. You just need to copy the links from the merchant dashboard, paste and send them through any of the mentioned platforms.
Pricing and Rates
When you talk about the fees, it has among the lowest transaction charges (TDR). The set up and maintenance fees are zero. Also, as mentioned earlier the integration help is for free.
Dispute and Chargeback System
PayKun smoothly deals with the bank chargebacks and the PayKun disputes raised by the consumers. This way it has ideal policies for buyers as well as the seller protection. It has an efficient dispute team to handle such cases and help to resolve them.
Let us discuss the benefits of offering the credit card payments using the PayKun:
Builds a good image among consumers:
When the credit card logos are displayed on the website, it gives a sense of confidence to the customers and makes your business promising. This will build a rapport and trust of your business among customers.
Provides a sense of security:
The online frauds are increasing, it is important that the consumers feel the security and also it helps to prevent such activities. Credit cards have security features like chargeback that provide peace of mind against online data breaches.
When the customers are provided with all trending payment options then it gives good customer experience because they can have their preferred option to pay. This builds the customer relations and further helps in increasing your sales.
Broader buying behaviour:
Other online payment modes limit the spending up to the balance that the customers have. But credit card payments would encourage impulsive buyers to make more purchases. Customers tend to spend more when they are using a credit card.
The reports and reconciliation:
All the credit cards would be processed through one interface (PayKun), thus with its merchant dashboard reporting, selling and reconciliation would become very easy.
The PayKun payment gateway features makes the credit card payment system easy and attractive for the consumers. It helps to keep up with the trend and match the competition.
If you have further queries, you may simply reach out to the PayKun support team through email: email@example.com, chat or call support. And Sign up with the PayKun now.