A gateway designed for payment is an online platform that enables online payments for consumers and businesses and keeps the payments ecosystem running smoothly by providing facilities for better payments through the online world wide web. As a merchant, you don’t need to worry about the hassles of accepting online payments since a payment gateway provider will do the whole process on your behalf and take care of your global customers by offering facilitated methods for them to pay you without any difficulty.
As one of the most leading payment providers in the world of financial assets and digital payments, PayPax provides safe and secure means of online payments for both merchants and customers regardless of where they are located or what type of business they own. In this post, we will tell you all about one of the world’s most famous and leading online payment gateway, how it works and what steps you need to take for getting it on your online business.
You may be thinking that a payment gateway is nothing but a third party that will only cost you unreasonably charged fees but that is not true. As you may fully know, with online payments and money transfers the risk of cybersecurity attacks and fraud gets high and that is what has been concerning many customers who want to make online payments for so long. That is when the use of a third party or a payment processor becomes bolder than ever before. Here, your payment provider will act as the safekeeper of you and your customers' data by ensuring the well-being of your funds and data. This matter can never be achieved alone or without the help of your third party.
Likewise, a PayPax payment gateway will provide you with extra layers of security for your online payments and customer’s convenience. In addition, this multi-currency gateway will provide the easiest and most cost-effective payment solutions which you can integrate and bring to your online marketplace to expand your business globally.
The way a payment gateway works is easy to understand even if you have no expertise in the niche and want to get started just now. The primary step is for you to choose your payment provider wisely. Once you have done so, you’ll need to choose your desired payment methods among all the provided options in order to bring to your online marketplace without much trouble. This process is done by receiving API from your provider and asking developers to install the gateway on your website. However, the process does not need much professional expertise even for the developers you are working with. So, you don't need to worry about the whole process as it is done much easier than you have assumed it to be.
PayPax enables you to connect your online store to a multi-currency gateway which offers the possibility of accepting various currencies and methods. All you need to do is to set up a PayPax gateway with our ready to use modules to add PayPax payment methods to your service So that your customers can easily purchase your products and services with just a few clicks.
Want more info? Visit: PayPax API
The process of making online payments through PayPax for customers is as easy as integrating and hiring it on an online webstore for merchants. This process is simply done in 3 convenient steps as explained and shown below:
So you have chosen a website that is using PayPax payment gateway and want to make payments. The first step is for you to enter the payment zone and choose your desired method for payment. PayPax payment gateway offers 3 various methods for you to pay, including paying by cryptocurrencies, e-money or your PayPax wallet balance. If you have chosen to pay with your PayPax balance, you’ll need to deposit e-money to your PayPax account first and then make online payments with PayPax.
Once you have chosen your payment method, you’ll automatically be redirected to a page on which you need to choose the wallet you want to make the payment through. Providing that you have chosen cryptocurrencies for your payment, you’ll need to make the payment via one of the provided cryptocurrency wallets and make your payments with. Note that the list of cryptocurrencies you observe and can choose from depend on the options that the online store you are shopping from have decided to bring to their online marketplace.
Once you have chosen your method and wallet, you’ll need to make the payment by copying the wallet address or simply scanning the QR code that is provided for you as shown below to transfer the specified amount to. Once you have done so, our payment is confirmed and finalized successfully.
As mentioned above, PayPax multi-currency payment gateway will give you the opportunity to pay in various methods including world’s major cryptocurrencies like Bitcoin, Ethereum and Tether or different forms of digital money like Perfect Money, Webmoney and Payeer.
Each business or individual wanting to adopt a PayPax payment gateway will have 50 options to choose among the list of cryptocurrencies provided on PayPax as well as all 3 e-money payment methods.
This number, however, will increase depending on your PayPax Trust Level (TL). Once your PayPax Trust Level reaches 500, you’ll also be able to pay via your Visa card or Mastercard too.
Getting a PayPax payment gateway to accept the payments online can ultimately improve the overall performance of your business for a variety of reasons as mentioned below. A smooth and seamless checkout experience is what matters for customers the most. PayPax provided payment methods are the easiest to use by your customers and you to bring to your online marketplace.
Studies have shown that customers usually tend to give up the payment if the process is tedious and complex for them. So an easy payment solution will undoubtedly increase your sales and expand the number of your potential customers significantly.
PayPax payment gateway will also provide faster payment processing and guaranteed security along with chargeback prevention that will make the whole process of shopping seamless for you as well as your loyal customers.