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Benefits of E-commerce Payment for UMKM Entrepreneurs 07 September 2022 Blog

Benefits of E-commerce Payment for UMKM Entrepreneurs

Does your company have an e-commerce website? If not, you should quickly decide to incorporate an e-commerce website into your online sales strategy. If so, your business will expand rapidly because it is accessible to many people. Now is the time to develop the ability of your e-commerce website to serve customers so that your customers will remain loyal to your products. In addition, you can add an e-commerce payment system to simplify the purchasing process for your customers.

The Benefits of E-Commerce Payment

Several payment systems, such as mobile payments or m-banking, credit cards, and other modern channels, are available online alongside the increasing use of the Internet for e-commerce. Online e-commerce payment systems offer numerous benefits for e-commerce websites. Here are the benefits of e-commerce payment:

  1. Faster Payment

Traditional payments are much slower than e-commerce payments. Internet-based payments have no time or location restrictions. As a result, your customers can make payments anytime and from any location. In addition, your customers can easily pay for your products or services by using the available electronic payment apps.

  1. Secure Payment

The security of the online payment system is provided by a pre-installed application from the bank’s service provider. Usually, mobile banking security systems include tokens, authentication, biometrics, and others. As a result, your customers don’t have to put in any personal information to pay on your e-commerce site, so the payment system is secured.

  1. Better Customer Experience

Ecommerce payments can help you deliver a better experience. This allows customers to select the payment method that best suits their preferences. As a result, customers will be loyal to your product if it meets their expectations.

  1. Contactless

During the Covid-19 pandemic still affecting Indonesia, many people are still attempting to avoid direct human contact to avoid contracting the corona virus. This makes the growth of online payments even more rapid. The presence of an e-commerce payment feature on your e-commerce website will make it easier for customers to make purchases without leaving their homes, as customers with mobile devices can make online payments.

Due to the integration of online payment systems, cash transactions are beginning to diminish due to the rapid development of technology. Entrepreneurs should begin to recognize the significance of online transactions to make it simpler for businesses to avoid the risk of failure. The presence of e-commerce payments on your sales website is the optimal solution for gaining an advantage over competitors and gaining customer loyalty.

You can collaborate with MitraComm Ekasarana to implement eCommerce payment processing into your e-commerce website. MitraComm Ekasarana, through one of its business units, MitraComm Ekasarana Channel Solution (MECS), has experience presenting e-commerce payments for 288 e-commerce websites. MECS can offer your website’s e-commerce Mandiri Clickpay, ePay BRI, CIMB Clicks, Credit Card, and other payment options based on your business’s requirements.

 

Contact us at marketing@phintraco.com to present e-commerce payments by the requirements of your e-commerce website.

 

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Types of Payment for E-commerce Websites 05 September 2022 Blog

Types of Payment for E-commerce Websites

Nowadays, a business needs to have its own sales website. This creates numerous benefits for your business. One of them is to increase customer loyalty. Customers will have access to your products via an e-commerce website as one of their options. In addition, multiple purchase channels will facilitate customer access to their preferred sites on the internet.

When you create a website online, also known as e-commerce, you should ensure that your website offers online payment options. Having the proper payment system is essential as it is one of the primary objectives of e-commerce.

The Right Types of Payment for E-commerce Websites

There are various payment methods available for use in e-commerce. To make your business more attractive to customers, you must determine which payment method best suits your business and which payment method your customers most frequently employ. Here are the types of payment for e-commerce websites:

  1. Credit Card

If your product is highly valued, you should present credit card payment as a payment option in your e-commerce. Credit cards (CC) are the optimal payment method because they are among the global payment options available. As a business owner, you can reach the international market.

Credit cards have become a simple and secure method of payment. Customers must only enter the card number, expiration date, and CVV. CVV aids in the detection of fraud by comparing customer information and CVV numbers.

  1. Mobile payments

Today’s digital payment solutions provide customers with prompt resolutions. Their bank’s app must be downloaded for customers to make mobile payments. The widespread use of e-commerce on mobile devices makes mobile payments the optimal solution for customers.

  1. Modern Channels

Currently, it is not only through banking that payment systems can be made. You can reach customers without credit cards or mobile payments via modern channels. Minimarkets, including Indomaret and Alfamart, accept payment for these contemporary channels. Your e-commerce platform will be able to accept payments from a variety of customers.

These are the payment methods you can implement on your e-commerce website. By implementing these payment methods, more customers can be reached. Your e-commerce website will attract many loyal customers because it accepts multiple payment methods.

You can collaborate with MitraComm Ekasarana via one of its business units, MitraComm Ekasarana Channel Solution (MECS), to present various types of payments for your e-commerce website based on your business requirements. Biller aggregator is one of MitraComm Ekasarana Channel Solution (MECS) solutions. MECS has experience connecting more than 288 e-commerce sites with available payment systems, allowing it to provide your business with various payment options as required.

 

Contact us at marketing@phintraco.com for more detailed information about e-commerce payments according to your specific requirements.

 

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4 Benefits of Using a Biller Aggregator in The Era of Increasing Cashless Transactions 15 July 2022 Blog

4 Benefits of Using a Biller Aggregator in The Era of Increasing Cashless Transactions

The demand for online payment systems is increasing among the general population. Unsurprisingly, non-cash transactions have increased, and this process is also extremely simple for business clients. Customers can utilize the online payment method to acquire the desired product or service. Similarly, businesspeople also use such instances to develop a company. Businesses can provide a method for receiving and processing customer payments.

This is possible through the use of the payment acceptance service. Providing various payment services is admittedly a challenging task. It is considering that the risk of fraud is rising in the present day. As a result, business owners require a billing aggregator provider that facilitates the payment process and ensures transaction security. So, what is a biller provider aggregator exactly?

Biller Provider Aggregator or Biller Aggregator

A biller provider (biller) aggregator is a business model that acts as a mediator between the merchant and the party receiving payment. This payment system is referred to as an aggregator because it offers payment services for multiple banks without requiring opening a bank account. And hence, biller aggregators are third parties that collect all merchant transactions through a single account.

By the existence of a biller aggregator, business owners are no longer responsible for handling non-cash transactions. In the meantime, customers can use various electronic payment methods to complete payment transactions via a biller aggregator. As a result, those who utilize biller aggregators can operate their businesses more efficiently and transact with customers more effectively. In addition, business players are not required to manage the payment process regularly.

Benefits of Using a Biller Aggregator

In the midst of a growing demand for non-cash payments, businesses will benefit from implementing a non-cash payment system. Here are the benefits of using a biller aggregator:

  1. Simple in Operation

The online payment system that biller aggregators provide for business owners is their primary source of revenue. Therefore, it is unlikely that the billing aggregator provider will impose complicated registration, configuration, and usage requirements.

  1. Speed Approval Processes

The second benefit of using a biller aggregator is faster transaction processing between businesses and customers. The money sent by the customer is typically deposited directly into the business’ bank account within 24 to 48 hours.

  1. Accept Payments Instantly

Once the biller aggregator has processed the payment system, businesses can accept online payments from various payment methods, eliminating the need for businesses to register with multiple banks for payment system cooperation. In addition, the biller aggregator can assist businesses in setting up payment systems with various banks with a single registration.

  1. Low-cost Structures

Small businesses will undoubtedly benefit from reasonable service fees. Moreover, the capital a business owns at the start of operations is insufficient to cover the cost of bank cooperation. This is the reason why a biller aggregator can be one of the most practical and profitable payment options for businesses that are new to using one.

You can get those advantages by using a biller provider aggregator or biller aggregator. Once your business uses a biller aggregator, the business can immediately transact non-cash with customers practically. So, both business people and customers are facilitated in buying and selling. In this case, MitraComm Ekasarana Channel Solution (MECS), one of the business units of MitraComm Ekasarana, is the best Billing Aggregator Provider in Indonesia. MitraComm Ekasarana is one of Phintraco Group’s subsidiaries as a leading technology company in Indonesia. Phintraco Group has collaborated with many companies from various industries to meet all the IT needs of the company. So, you don’t need to doubt the quality of the biller aggregator service offered by MECS.

 

Contact us at marketing@phintraco.com for additional details regarding Biller Provider Aggregator (Biller Aggregator).

 

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