Payment Processing Factors

Mohammad W. Jahin

Mohammad W. Jahin

Three Factors That All Merchants Should Consider

The world tends to be moving toward a cashless society. In the recent times, we believe that all transactions will be made using credit and debit cards along with other forms of electronic payment. This view seems realistic judging by the increase in credit and debit card usage. Therefore, it is very important for merchants to know the facts about payment processing to accept credit and debit cards.

The good news is that PurePay can make this easy for you.

In this blog we will discuss about three fundamental factors to focus on when setting up payment processing.

Payment Processing Technology

Given all the options, selecting the right technology to process payments can be mind-blogging. Firstly, it’s best to analyze your business needs, your customer’s payment preferences and your preference on payment acceptance. Do you want to sell in stores alone or online as well? Do you want to avail mobile wallets, such as Google Pay, to your customers? Are you willing to accept payments remotely?

Once your ways of accepting payments are decided you must look at hardware and software that meets those needs. Following are the two options for accepting in-store payment:

  • A smart terminal that can securely process most types of payment;
  • A more advanced POS terminal that can do the same plus integrate with your other business systems.

You will need a virtual terminal for remote sales. In addition, you may need a card reader for your mobile device. It is important that the technology you invest in can be upgraded in the future according to your needs. Which is why Purepay delivers scalable technology, built from the ground up to be fully expandable to grow with business expansion. Along with the availability of more than 150 alternative payment methods, allowing freedom and privilege to your customers and you to choose.

Payment Processing Security

Credit card theft, fraud and data breach are potential threats to your business. But in good time, payment security is advancing faster than ever, enabling us to protect our merchants. Now we can secure our merchants’ transactions with:

PCI Compliance Level 1 – greater than 6 million Mastercard or Visa transactions annually, OR, a merchant that has experienced an attack resulting in compromised card data, OR, a merchant deemed level 1 by a card association.

DDoS mitigation – a set of techniques or tools for resisting or mitigating the impact of distributed denial-of-service (DDoS) attacks on networks attached to the Internet by protecting the target and relay networks.

Tokenization – the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without compromising its security.

On top of that, our merchants are protected by security checks and fraud prevention solutions, with the perk of secure cloud high availability.

Payment Processing Service

All payment processors may seem very similar to each other. It’s important to look beyond just the equipment they offer and investigate the type of support they provide. Your processor should be available to help analyze your and your customers’ payment needs.

Team PayFasto ensures that your system is implemented properly, and you are not having any trouble to run it. Most importantly, our team makes sure your system is always up and running, with assistance from knowledgeable representatives whenever you need it.

Let us know if you don’t want to compromise with your business and we will get back to you.

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