If you accept payments, you process credit cards. But do you know what happens when your customer clicks pay? But, the payment processes through various steps. And if it is successful then your customer goes to place an order. In this article, we will discuss credit card processing.
What is the process of a credit card payment?
And that is the whole process, which should happen incredibly. If it goes well, nobody notices it. But you can see. There are a lot of failure points in the way. And it is the case if you have different providers that take care of each step. May systems not connect properly, or they timed out. Then the result will be the failed payments.
Our services for credit card processing
Amald’s expert team is working in the world of finance and payments for many years. We are familiar with the existing issues through which payments got stuck, blocked, or lost. So we decided to build a brand new system. That took care of credit card processing completely. Not even credit card processing, but also local payment methods like online banking, eWallets, etc.
The Amald payments platform manages the complete payment process from the initial stage. And when a customer clicks pay to the point the money settles in your bank. No third parties and no patched-in systems are there. The whole store stops with us. And this full ownership of the process means that we have visibility. And the features to manage each transaction and adjust in the background to ensure the best possible chance to succeed.
So what else can success a credit card payments? So let us know how you can optimize credit card processing online.
How can you optimize credit card processing?
Getting your customer at the point of payment is a task. Because a great checkout will make it easy for the customer to complete the payment. It also helps you in closing the sale. So here are some ways to ensure your online credit card processing runs very smoothly.
Make your checkout easy.
You can boost your website speed during the checkout process with these optimizers:
Block Fraudsters only, not genuine customers
Risk management plays a vital role in credit card processing. The more data points your risk manager has, the more accurate its response is. Because it has information like IP, email address, phone number, and postcode. And a risk manager can run various checks on its platform, identify patterns, and stop frauds before it happens. So the more data you can capture at the checkout is much better.
As we mentioned earlier in this article, credit card payments go through various steps, and each of them carries a charge. So here is a breakdown of your credit card fees.
These fees may vary and depends on the type of transaction, your location, and your business type. The interchange fee is usually the higher charge in credit card processing. Even they are the biggest headache. The structure of cards and fees are different for each market, as types of cards (customer debit, commercial debit, pre-paid, and so on).
Why choose Amald for your credit card processing?
If you want to set up your credit card processing, you will require a payment gateway, an acquirer, a risk management tool, and a payment processor.
With Amald, you will get all of them. One global payment processor for all the channels, regions, and payments processing. And this not only enhances your business but provides you with a single view of your payments in one system. You can also track your performance and get to know your customers better.