Ecommerce payment solutions

Your way to easier online transactions: accept payments online

Almar BSL can build an eCommerce gateway and payment solution for you, whether you’re just starting out or already in business.

As an online store you know how important it is to be able to accept payments online through multiple methods, credit/debit cards and digital wallets. A secure and user friendly payment gateway will keep your customers happy and your business running smoother.

You don’t need to be a tech or finance expert to use a payment gateway in your eCommerce website — but it’s good to know the basics. Let’s get started.

What is a payment gateway?

A payment gateway is a type of technology retailers use to process consumer card payments, it’s part of the ecommerce payment process. The term can refer to physical card readers but also to checkout portals in online stores.

Your gateway will process online payments, authenticate cardholder data and securely pass that information to other parties in the transaction flow. So choosing the right ecommerce payment solution will make your customer’s transactions smoother and safer in your eCommerce business.

E-commerce Payment Methods

In eCommerce offering multiple payment methods is key to serving your customers different needs. Here are the most common e-commerce payment methods you should consider:

• Credit and Debit Cards: These are the most widely accepted payment methods online. Major brands like Visa, Mastercard, American Express and Discover are trusted by consumers and accepted by most online merchants. Being able to accept payments via credit and debit cards is essential to capture a big customer base.
• Digital Wallets: Digital wallets like Apple Pay, Google Pay and PayPal allow customers to store their payment information and make a purchase with a single click. These payment methods are becoming more popular due to their convenience and security features.
• Bank Transfers: Allowing customers to transfer funds from their bank account to your merchant account can be a simple and secure payment method. This option is popular in regions where bank transfers are a common way to pay for online purchases.
• Buy Now, Pay Later (BNPL) Services: Services like Klarna and Afterpay allow customers to pay for their purchases in instalments rather than all at once. This can be an attractive option for customers who want to pay over time.

By offering these payment methods you can improve the shopping experience and serve a wider audience and more sales for your online store.

Payment Gateway Fees and Costs

Understanding the fees and costs of payment gateways is key to running your eCommerce business. Here are the common fees you’ll encounter:

• Transaction Fees: These fees are charged by the payment gateway for each transaction. Typically transaction fees range from 1.5% to 3.5% of the transaction amount. You need to factor these fees into your pricing to be profitable.
• Payment Processing Fees: In addition to transaction fees, payment gateways may charge a small fee for processing payments. These fees usually range from $0.10 to $0.30 per transaction. While these fees might seem small they can add up over time especially for high volume businesses.
• Monthly Fees: Some payment gateways charge a monthly fee for using their services. These fees can range from $10 to $50 per month depending on the features and services provided. You need to evaluate if the benefits of the payment gateway justify the monthly cost.
• International Payment Fees: If you accept payments from customers in other countries you may incur additional fees. International payment fees usually range from 1% to 3% of the transaction amount. These fees cover the additional costs of currency conversion and cross border processing.

Also note that some payment gateways may charge extra fees for services like chargeback handling, dispute resolution and account maintenance. By knowing these fees and costs you can make an informed decision on which payment gateway is best for your business and budget.

By considering these factors you can choose a payment gateway that offers the right balance of cost and features for your online store and smooth payment processing.

Why our ecommerce payment gateway & payment solutions?

We can help you set up and manage online payments and reduce your transaction risks and exposure to fraud. As payment gateway accountants we can also keep you compliant with payment card industry data security standards (PCI DSS).

Here’s why you should work with us:

• Process payments faster and manage payment processing fees better. The faster you process transactions the sooner you’ll receive payments in your business bank account. We’ll design a payment solution to provide a seamless checkout service that improves your cash flow.
• Improve customer experience. We’ll make the shopping experience as frictionless as possible so consumers can buy your products on any device and help you build a loyal customer base.
• Secure. Keeping your customers’ financial data secure is our top priority. We use safeguarding tools like encryption technology to protect sensitive information from fraud.
• Go global. Our payment gateway solutions make selling to customers outside the UK easier than ever.
• Access expertise in selecting the right payment processor for your business. We have years of experience working with merchants, acquirers, financial institutions and service providers to assess, design, improve and bring new solutions to market.
• International payments. Our solutions support multiple currencies and cross border transactions so international payments are smooth.
• Local payments. We cater to regional preferences by integrating local payment methods to improve customer experience and increase conversions.
• Choose the right payment provider. We connect you with the best payment providers for seamless and secure transactions.

Reach out to our team

Setting up an eCommerce gateway shouldn’t be complicated — that’s why we tailor our services to you. We’ll recommend the most appropriate integration method that streamlines your business processes and minimises transaction risks.