Best Third Party Payment Platform&Processors

With the development of Internet e-commerce, third-party payment is inseparable. The third-party payment platform is a bridge connecting buyers and sellers in e-commerce. It is very important for e-commerce websites to choose a reassuring third-party payment platform. In recent years, the global payment industry has developed rapidly. With the emergence of many third-party payment platforms, sellers do not know how to choose the best third-party payment processor that suits them. Oceanpayment, as a global digital payment service provider, has accumulated experience in the market for many years. For choosing a third-party payment platform, Oceanpayment suggests that you can consider the following aspects:

Payment security

First, a third-party payment platform must pass PCI DSS LEVEL 1, the highest level of security certification in the global financial industry. It also follows relevant standards and regulations and can be recognized by law, such as ensuring that the legal effects of electronic transactions and signatures can be accepted by regulatory agencies and the judiciary. Safe and reliable technical solutions can avoid business risks. For massive consumer data, it has anti-counterfeiting, anti-tampering, anti-theft, anti-abuse capabilities, and so on.

Cost

When an enterprise starts to use third-party payment, it needs to pay a certain fee to the third-party payment service provider. This fee is usually divided into two parts: one is the access fee, which is generally fixed. The second is the handling fee. The handling fee is deducted by a certain percentage according to the transaction amount, which is deducted by a third-party payment service provider in each settlement cycle. The handling fee rate charged by some service providers to different industries will also be different from each other. The common fees of third-party payment platforms include service fees, that is, third-party payment platforms solve different payment solutions for customers. In addition to providing payment services, there are also a series of fees charged by other value-added services.

Payment interface

Choosing a formal third-party payment platform can be considered from the following aspects. The interface is simple (convenient for users to pay), stable (not to drop orders), and settlement is fast (merchants can withdraw money quickly). It should be noted that a good third-party payment platform has a convenient payment process for users and is not easy to drop orders. It can cover mainstream payment products that support multiple countries around the world. The survey shows that many customers pay on the payment page, which is in line with the user experience. It will make it easier for merchants to make orders.

Settlement cycle

It is necessary to pay attention to the settlement method and settlement cycle. Good settlement method and fast settlement time can enable the rapid circulation of funds, avoid the disconnection of funds, bring great competitive advantages to individuals and merchants, and reduce operational pressure. There are two general settlement methods for third-party payment: 1. Direct settlement to a bank card; 2. Settlement to a newly opened third-party payment account, and then refer to the bank card. The settlement cycle of third-party payment can be divided into: T+0 settlement, T+1 settlement (default settlement cycle), some special industries and holiday settlement cycles may be extended depending on the transaction amount.

Payment method

For multinational or multinational online e-commerce companies, it is important that the payment method conforms to the local payment and consumption preferences. Different countries have different payment types. The general online payment methods include: international credit cards, online banking For transfer payment, account payment, convenience store payment, cash payment, etc., choosing a professional third-party payment company to obtain professional solutions will not only help merchants meet more consumers’ payment habits, but also improve consumer’s satisfaction.

After-sales service

Whether it is complete and timely, the business scope of each third-party payment platform has its own strengths. In addition to the strength of the product, it should also pay attention to the service ability. For some payment companies, if the merchant encounters any urgent problems after accessing, if the payment company’s ability to solve problems is weak or the response time is very slow, such as replying through traditional emails, it will greatly affect the merchant’s work process, so choose the first In the case of a three-party payment platform, in addition to professional qualifications, it is also necessary to pay attention to whether there is a mechanism for quickly solving problems. To identify, choose a good reputation, good product, and good after-sales service. If there is a problem that needs to be communicated, you can immediately find a payment company that communicates with the corresponding person in a variety of ways, such as telephone, communication software and other efficient feedback methods.

Conclusion:

As a well-known global digital payment service provider, Oceanpayment has always paralleled technological and service innovation, insisting on the premise of security and products and services in line with industry development trends, and at the same time making full use of new technologies to enhance the security of global digital payments. Provide more secure, convenient, professional and simple global digital payment technology solutions and services for Internet B2C (B) business model merchants.