How to Increase Business Efficiency with Online Payment Tools

Accepting payments online is a fast, easy and secure way to increase the efficiency of your business. American consumers spent more than $289 billion online in 2012, according to Statista. 

For your business this means that more customers than ever are comfortable with paying for goods and services online. And it’s never been simpler to integrate online payments into your billing process. Take advantage of the shift towards ecommerce and online payments. It’s a trend too powerful for your business to ignore.

Here are three ways online payment tools can increase the efficiency of your services business.

The Do's & Don'ts of Starting a New Business

It's the New Beginning, and you've got a an idea for a business—one you really think could sell. You're excited to launch your venture and, if you're like most small business owners, you're probably a wee bit terrified.

To help ease your concerns, VTC Pay spoke with several small business owners to get the advice they wish someone had told them about starting a new business.

4 Ways to Avoid Shopping Cart Abandonment

Did you know that, on average, 43 percent of US consumers have abandoned their shopping cart? Many business owners are all too familiar with consumers abandoning items in their cart, which unfortunately means never completing checkout.

How Small Businesses Plan to Grow in 2017

90% of online small businesses expect to grow their revenue in 2017. 45% expect to grow more than 25% year over year.

This data, collected from a survey of 596 BigCommerce customers, mirrors that of the National Federation of Independent Businesses’ report, which found small business optimism and confidence in the economy is at a 12-year high.

9 Key Payments-Gateway Considerations

With so many providers payments gateway to choose from, finding the one for your business can be overwhelming. Here's what you need to know.

What is a Payment Gateway?

Payment Gateways are software and servers that transmit Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). Essentially, Payment Gateways facilitate communication within banks.

12 tips to increase your ecommerce checkout conversions

Here we take a look at best practice for a website’s checkout and what gets your till ringing more often.

 
1. Mobile
There was a time when having a mobile optimised website would make you stand out and above your competitors. Now, things have evolved and a site that isn’t optimised for mobile will stand out like a sore thumb. A customer should experience a checkout flow just as seamlessly on a mobile as they would on a desktop PC. The shift was illustrated by Google’s updates earlier this year that penalise any site that’s not optimised for mobile browsing.

Increase Your Sales This Holiday – 6 Tips to Improve Checkout

As we gear up for the busy holiday shopping season, it’s more important than ever for online retailers to offer consumers a seamless checkout experience, which can significantly reduce cart abandonment and impact a business owner’s bottom line.

A recent Baymard Institute study showed that the average online shopping cart abandonment rate is 68 percent – underscoring the need for retailers to have a seamless online checkout that can help capture some of those lost sales opportunities.

SELL EVERYTHING TO EVERYBODY - HOW CAN DO IT?

Negotiating is one of the most important life skills you could ever master, whether you’re requesting a raise, asking for a date, or trying to get your kids to finish their vegetables.

However, this skill is particularly useful when trying to “sell” products and services. Salesmanship can literally make or break your business — no matter what business you’re in.

Very few of us are born with this ability, but like any other skill, you can learn to sell anything to anybody.

Below are some tried and tested rules for going from a “No” to a “Yes.”

Benefits of Online Payment Gateways

When you’re looking for the best possible payment gateway for your customers, look no further than VTC Pay. Our company received a 2016 Customer's Choice Award for Excellent Service. With its omnichannel capabilities, advanced security methods and fraud management tools, VTC Pay Payment Gateway has emerged as a top choice for our merchants and suppliers throughout Vietnam.

Accepting Credit Cards and VTC Pay on Your eCommerce Site

In Start Your Own e-Business, the staff at Entrepreneur Press and writer Rich Mintzer explain how to build a dotcom business that will succeed. In this book, you'll find recipes for success, road maps that pinpoint the hazards, and dozens of interviews with dotcom entrepreneurs who've proved they’ve got what it takes to survive in this sometimes fickle marketplace. In this edited excerpt, the authors discuss the two types of online payment processors you can use on your ecommerce site.

Thanks to the growth of ecommerce sites over the past ten years, credit card accounts are now very easy to set up on your site. The common methods of accepting credit card payments is either by using your own merchant account or by utilizing a payment gateway account, also known as a third-party merchant.

Online payment of E-commerce in Vietnam and what the future holds for the domestic market

The fast growing rate of Internet users is one of the most notable aspects of Vietnam economy with up to 40 per cent of its people using Internet. According to statistics from the industry and trade ministry’s E-commerce and Information Technology Agency (VECITA), Internet and mobile play an important role in consumers’ trading with nearly 60% of online users conducting online purchases.

10 Questions to Ask When Creating an Online Store

If your company sells goods in a brick-and-mortar store but not online, you could be missing out on an incredible revenue-generating opportunity. And using a good online payment gateway is a great way to increase your online revenue.

What is Difference Between Payment Gateway, a Payment Processor, and a Merchant Account?

Are you a seller who is ready to go online? For many new online merchants it is a very cumbersome and difficult process to understand ecommerce. They often fail to understand the basics of ecommerce and consequently face problems in setting up their online businesses.

In this article, I discuss one of the most important aspect of ecommerce, the difference between a Payment gateway, Payment processor and a Merchant account.

E-wallet VTC Pay or Credit Card—Which is Safer?

Find out whether VTC Pay or a credit card is the best way to stay safe from fraud and prevent identity theft when making online purchases.

4 Advantages to Using e-Wallet Payment Gateway VTC Pay to Buy Online

VTC Pay is one of the largest online payment gateway in Vietnam. After reaching PCI-DSS certification, online merchants all across the Internet accept VTC Pay as one of their accepted methods of payments.

Why use online payment gateway?

E-commerce and online transactions in Vietnam is growing. This is also one of the reasons to so many online payment gateway was launched to meet the demand for online payment transactions. So, which Online Payment Gateway do your enterprises should choose to assist in the development and sales revenue?

How to Choose a Payment Gateway for Your Ecommerce Store

Payment gateway: which one should you use for your ecommerce store? With dozens of online payment processing options to choose from, it can be a complicated decision. Everyone who is new to ecommerce will tell you that the most difficult task isn’t only to decide which platform is the best one, but also the different factors that you need to take into consideration when deciding which gateway is best for your specific needs.  

What is PCI DSS?

The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to optimize the security of credit, debit and cash card transactions and protect cardholders against misuse of their personal information. The PCI DSS was created jointly in 2004 by four major credit-card companies: Visa, MasterCard, Discover and American Express.

Top 6 reasons for shopping online!

With the popularity of internet and smartphones grown to aggressive heights, consumers also have become efficiently tech savvy. From shopping of clothes to buying electrical appliances, everything has become so easy with online shopping portals. Gone are the days when you needed to browse store to store to hunt down a pair of shoes; now almost all the national and global brands are available under one roof and just a few clicks away.