Card payment is a common payment method operating in the most popular countries today. The term means that when a card, debit card, or prepaid card is used, it carries all of the transaction value that is backed by the creditworthiness of the person who holds it.
It’s often difficult for businesses to conduct online payments in their home currency. Currently, there are several payment gateways that work with different currencies and different currencies can lead to significant charges on the balance. Online merchants mainly need a credit card payment solution, which lets them avoid the hassle of dealing with multiple payment options.
There are also specific compliance requirements you must meet in order to accept online payments so that you can ensure you and your customers are completely protected. If you are taking card payments solutions online, you need to meet the requirements for PCI compliance, so working out what level of compliance you will need to comply with is going to be your first step. No matter how you accept payments online whether you are taking card payments, you are going to want to ensure that you are using safe methods.
When you use us as a secure payment gateway, the onus is on us to secure your data. Moving your transactions into a safe checkout experience at allied wallet will ensure your company will never directly handle confidential credit card data, protecting you from liability. With us, rest assured knowing your customer’s data is as secure as it can possibly be, and your company is protected against any adverse consequences resulting from a security breach. In the unlikely event, you suffer a credit card breach when using senmo Secure Certified devices, Senmo will cover losses, penalties, and fees that occur from the card data breach, protecting your company from being one of the sixty percent of small businesses who are affected.
Payment processors have a significant role to play in helping merchants for card payment solutions to manage and stay compliant, but businesses need to play a proactive role to understand their obligations and compliance requirements. While many payment gateway providers love to tout their gateway’s versatility, they do not point out when they cannot accept payments from certain card issuers and payment gateways.
Its proprietary online payment gateway supports over types of international payments so that your customers can conduct their payments online in their own home currencies, potentially a crucial consideration for businesses that operate globally.
