Home » How to choose the Best Payment Gateway Thailand for Accommodating Efficient Business Transactions to Your Business

How to choose the Best Payment Gateway Thailand for Accommodating Efficient Business Transactions to Your Business

by payclyms
How to choose the Best Payment Gateway Thailand for Accommodating Efficient Business Transactions to Your Business. High Risk Merchant Account

Payment gateway offerings will vary as customer expectations change and payment options continue to evolve. This makes it difficult to find and select the best service. Use the following questions to guide your selection process: Customers, particularly business customers, pay in a variety of ways. Credit cards, debit cards, bank transfers, e-checks, and other methods are available. Customers in the United States may prefer to use PayPal, Venmo, Google, or Apple Pay. Buyers in China prefer WeChat Pay or Alipay if you’re selling there. Some customers prefer to pay via ACH or wire transfer. Do you provide terms?

  1. How do your clients pay you?

Payment preferences can shift, and if you’re selling internationally, you’ll need to accept multiple currencies. Finally, the payment gateway must accept the payment methods preferred by your customers.

  1. What features are you looking for?

Begin by analyzing your customer and business needs. Do you need to compile transaction and batch reports for the accounting team, or do customers frequently request a particular payment method?

Not every gateway will satisfy your needs. For example, most of your customers in the United States may prefer to pay with PayPal, whereas your European customers may prefer to pay with a credit card. If you sell to a variety of customers or across borders, you may want to use different payment gateways.

  1. What are the charges?

Payment gateways can be free (with few integrations and tied to proprietary systems) or charge for transactions, processing, membership, or all of the above.

When choosing gateways, make sure to identify and consider all costs. Look for hidden fees, such as exceeding limits or using third-party services. Gateway providers may charge you to switch processors in some cases. If you intend to connect with multiple payment gateways, keep costs in mind.

  1. What are your integration requirements?

You may discover that you require more functionality than the gateway provides. Is your gateway capable of transferring data to your accounting or tax software? Otherwise, you’ll have to manually transfer transaction data between systems.

Examine your payment gateway’s capabilities and integration options carefully. Even in the absence of these connections, your gateway’s APIs may either accelerate or complicate integration.

  1. Is it compatible with your eCommerce platform?

Some digital commerce platforms include a payment gateway or pre-built integrations. When looking for an eCommerce solution, be sure to discuss your payment processing requirements as well as B2B eCommerce security. They may be able to recommend the best solutions integrator or payment processing company for your specific business or industry.

  1. What are the available support options?

Disputes are always aggravating, so contacting your payment processor should be simple and quick. Customers are more likely to buy from you if you have a payment gateway that provides 24/7 support. Businesses that sell high-risk products or deal with frequent chargebacks or refunds need 24-hour support.

  1. Will it grow with your company?

You don’t want to sign a contract with a payment gateway only to find out it doesn’t meet your needs. Consider the gateway’s flexibility and the ability to add new payment methods, integration options, and other features as your business grows.

Different types of Payment Gateways Thailand

When choosing a payment gateway, it’s critical to understand the various payment gateway methods and how they interact with payment processors. This aids in selecting the best gateway for your company’s requirements.

Payment gateways that are hosted

During the checkout process, a hosted payment gateway directs the customer to the payment processor’s page. The payment processor is in charge of this external page. The customer is redirected to the merchant’s website once the transaction has been approved. One of the most popular hosted payment gateways is Paypal.

Payment gateways that are self-hosted

Payment information is collected directly from the merchant’s website by a self-hosted payment gateway. In theory, more customization is required because payment gateways collect this data in a specific format. The merchant has complete control over the customer experience, which is one advantage of this method. Authorize.net and Stripe are two well-known self-hosted payment gateways.

Payment gateways via API

An API payment gateway collects data from the merchant’s checkout page using API calls. The API approach is adaptable and simple to integrate with a variety of digital selling channels. However, merchants are responsible for PCI, DSS, and SSL security compliance.

Institutional Integration

Direct integration with a banking institution is the least popular method. The payment gateway redirects customers to the bank’s page before returning them to the merchant’s website. This method restricts the payment options available to merchants.

Here are some examples of popular payment gateways

The market’s largest payment gateway providers are credible, secure, convenient, and trusted by thousands of customers. B2B sellers should look for payment processors that accept debit, credit, and charge cards, as well as ACH payments, wire transfers, and electronic checks, for maximum flexibility (e-checks).

Paypal is one of the oldest and most well-known methods of transferring money online. It is available in numerous countries and supports over 25 currencies. Paypal’s Payflow gateway is simple to set up and does not charge monthly fees. It accepts credit cards, has a digital wallet, and even provides financing.

Authorize.net is one of the oldest and most well-known payment gateway services. It accepts a variety of currencies, payment methods, and electronic checks. It is ideal for medium and large businesses with high transaction volumes.

PayCly PayCly has been in operation since a long time and has an ingenious subscription-based pricing structure that could save high-volume businesses a significant amount of money in transaction costs. Furthermore, we distinguish ourself with a 0% markup on Interchange fees.

Our pricing model is suitable for every kind of business. On the other hand, we are an excellent choice for mid-sized and growing businesses, professional services, membership businesses, and ecommerce shops.

Amazon Pay – While Amazon’s brand recognition is difficult to match, the company is notorious for exploiting customer data. As a result, this payment method is only available to those who sell solely on Amazon.

Stripe – Stripe serves some of the largest B2C, B2B SaaS, and product brands in the country. There are no monthly fees, but processing fees vary depending on the size of the transaction. They handle high transaction volumes and provide excellent integration and support.

2Checkout – Unlike Stripe, 2Checkout is a global payment processor that is also one of the most affordable on the market. They offer both hosted and in-line carts. However, the API is complex, making integration with eCommerce platforms difficult.

Buyers are becoming more comfortable with frictionless payment methods such as digital wallets, which eliminate the need to enter billing information. Choose wisely when you are looking for your payment options. You can connect with us for high risk merchant account solutions for your online high risk business.


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