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.