Beginning an online business has never been as worthwhile as it is today. The quantity of new businesses in the digital space has developed significantly over the recent years. Some may state it’s a prevailing fashion, yet we have faith in the pioneering soul of UAE. It’s an incredible chance to begin an online business, particularly since UAE is grasping digital payments to an ever increasing extent.
Startup business visionaries for the most part center around different business angles like structure an alluring and useful site, guaranteeing the gracefully chain is solid, and that’s just the beginning. Be that as it may, aside from these, online organizations ought to likewise concentrate on the most ideal approach to gather payments.
Online digital payments can be acknowledged by organizations through numerous ways, each with its own arrangement of favorable circumstances and difficulties. The key channels are:
1) Integrating with a bank’s payment gateway – A payment gateway provided directly from a bank (also called a second party payment gateway) allows online businesses to process payments via debit cards, credit cards and net banking and is supported through platforms such as Visa, Mastercard, among others.
From the cost angle, organizations should pay an underlying arrangement charge and exchange expenses or TDR (Transaction Discount Rate), which is a level of the exchange an incentive for all exchanges prepared through the passage.
While the whole system looks straightforward in principle, integrating with a bank’s payment gateway is often challenging and tedious for startups.
2. Integrating with a third-party payment gateway –
A simple and effective approach to process online payments is through an outsider payment door. Such payment portals additionally gather TDR on exchanges while arrangement expenses might possibly be relevant, contingent upon the solution provider
Similar to banks, these gateways also facilitate payments made through debit cards, credit cards and netbanking. In addition to this, many solution providers, like Foloosi, also allow merchants to process digital payments through multiple channels like prepaid digital wallets and recently, and several digital wallets. This way, online businesses have the agility to accept payments through practically every online digital mode.
While by all accounts, third-party payment gateways appear to be like bank payment portals, they are in truth unmistakably more easy to understand, open and simple to coordinate, particularly for first time new businesses.
Setting up an payment gateway works for online organizations that have a site or an application. In any case, imagine a scenario in which you don’t. Does that mean you won’t have the option to acknowledge digital payments? Nothing could be farther from reality.
Foloosi offers solutions for businesses to accept payments even without a website or an app. Here’s how.
If you don’t have a website or an app, you can easily create a Payment Link from your Foloosi Dashboard and send it to your customers via email, SMS, messengers, chatbot, etc.
Indeed, even with a Payment Link, your client can look over a plenty of choices to finish the payment. Foloosi Payment Links can be utilized by organizations without a site, just as organizations with a site that require another payment strategy. It is a keen method to gather payment, which accompanies highlights like mass transfer and incomplete payments.
Merchant, individuals etc can accept payments from customers just by sending a link. They can share payment link via SMS, Email, messenger etc and can get paid instantly.
Create a payment link via API or dashboard- To create a payment link details like customer’s name, amount, phone number, Email are required
Share the payment link via Email or SMS
It is not necessary to worry about that you need not have any website/ app for selling. Make your customers pay online just by sending payment links.
You can substitute payment link for cash on delivery and point of sale payment methods in your business
You can give your customers a quick check out option by sharing payment link over social media platforms like Facebook, Instagram, whatsapp etc
We also provide the following features in our “Payment Link” Platform
You can customize the payment request page from your dashboard to extend your brand
Our powerful APIs helps to automate the generation and collection of payments for all aspects of payment links
Use the real time data and reports available on the dashboard to take business decisions
You can send your customers Invoices with item level details to accept online payments through debit/ credit card, net banking, UPI etc
You can offer your customers subscription plans with automated recurring transactions on various payment modes
Thus make use of “Payment Link” provided by Foloosi and get paid instantly in a safe and secure manner