Secure Your Payment System for this Holiday Season

Enhance your customer shopping experience and extend your user base for this Christmas-New year sale. As per Statista, the online transaction value has reached around $6 million in 2021, and most of these transactions are processed on an e-commerce platform. Online transactions are popular around big holiday sales as merchants offer exclusive deals and discounts, providing customers a chance to spend within their budgets.  

As a report prepared by National Retail Federation, e-commerce recorded an increase in sales rate by 14% during the holiday season of 2020. The anticipated growth rate for 2021 is 40%, where the customers are willing to purchase more online than offline. Therefore, put together your strategies and plan forward for a digital payment system to ease the checkout process for your customers. 

CloudBanking is a digital payment platform for a retail and online store that improves your payment system and manages your payment efficiently in this holiday sale. 

How to Manage your Online Payment? 

It is essential to realize how a digital payment system works before framing your strategies. Whether it be your in-store business or online marketplace, it involves different stakeholders, and all of them have their defined roles and share of the benefit. Where vendors expect returns from their sales, customers want to pay securely without any obstacle. Thus, it processes payments for each stakeholder, from the suppliers to the logistics, customers, and shareholders. Firstly, the customers pay for your goods/services in this process, then the payment gateway verifies the payment and provides real-time financial information for you to transact money efficiently.  

payment process

Features of Online Payment System 

  1. Checkout Cart with Payment Gateway 

The payment journey begins with purchasing goods/ services online, or in-store and the checkout cart calculates the total product price, GST, and delivery fee. Now, the payment gateway channels transactions between your business and customers. It receives payment from customers and requests its approval from their linked bank account. This process gets fulfilled by a payment processor. Similarly, a payment gateway also ensures the authenticity of your customers and secures your business from any fraud. 

  1. Multiple Payment Methods 

Having multiple payment methods for your business allows the customers to select their preferred ones to complete their transactions seamlessly. Few Payment methods you can integrate for your business are: 

  1. Digital Payment system: 

Digital payment integrates with bank accounts and saves the credentials within a couple of minutes. Customers do not need to enter their details for payment each time. Moreover, digital wallets are easily downloadable on smartphones, i-pads or tables, and their users are expected to increase by 4.4 billion by 2025 from 2.6 billion. 

  1. Buy Now and Pay Later: 

“Buy Now and Pay Later” offers customers an option to pay in installments or pay the total amount later rather than on the date of purchase. It refers to interest-free credit providers where businesses benefit from the interest-free method by removing the primary barrier of insufficient funds. As per a survey done by Forrester webinar, around 36% of US online shoppers are interested in the “Buy Now and Pay Later” Service, where customers can buy goods now and pay later when they have sufficient funds. 

  1. Credit Cards and Debit Cards 

A large section of the population around the world are still using the Card payment method because it evolved before all the other ones, and customers and merchants both can trust them. Around 55% of US customers will habitually use a credit card to pay online in 2020. Integrating this payment method with CloudBanking would benefit your online business. With additional features such as a virtual terminal, your customers can make payment via any card type with any device having an internet connection. It provides an easy-to-use web payment solution and convenience to accept and process card payments.  

4. Payment Security  

Online businesses have come a long way from unsecured transactions, cybercrime, and identity theft. Customers do online shopping and make payments securely because of solid security norms and reduced fraud risks. CloudBanking is integrated with PCI DSS (Payment Card Industry Data Security Standards). It regulated the cardholder data and protected it from being hacked.  

How can CloudBanking Balance your Payment Processing? 

You can manage your business website and payment processing system with a solid and reliable gateway in this Holiday Season. It has vital features as: 

  • Ability to transact money anywhere and anytime. 
  • Complies with regulatory norms such as PCI-DSS 
  • Process one-time transactions for all items added to the shopping cart. 
  • Provides various payment options, 

CloudBanking is compatible with Windows, Android, and Apple devices, making your online payment processing seamless, where your customers can pay without leaving your website or app. It simplifies the complex payment processing by enabling simple, chained, and parallel payments. CloudBanking is a leading payment gateway in Australia as it supports all credit cards such as Americal Express and MasterCard. It also accepted Direct Debit and operated on any smart device with an Internet connection.  

Manage your payment processing via CloudBanking Payment Gateway and stand at the edge of competition in this holiday season of 2021. The competition of at great heights with rising customer expectations on online and in-store payment. Thus, provide your customers with a secure and hassle-free checkout solution. Provide easy payment methods, including a wallet system for a smooth payment system. 

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Eight Mile Plains, QLD 4113 AUstralia

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ACCOUNTING SERVICES

Run fast, accurate, and automated accounting processes through Cloud Banking’s white label portal for accountants. Simply ask your customers to log on to your dashboard so you can download all their statements and reports—making it easier for you to do their taxes. Likewise, you can make sure that our platform can help you streamline everything from financial consolidation to compliance reporting and audits.

 

Our innovative payment solutions can easily be integrated into your existing accounting, invoicing, and billing software so you can get paid faster and more secure. Interested? Start by talking to one of our business specialists today.

HIGH RISK

Are you in the high-risk vertical market? Getting tired of looking for a reliable payment solution for high-risk industry? Don’t worry! CloudBanking got you covered.

We understand that banks and low-risk providers may instantly turn down merchant accounts who they deem industries with a history of high chargebacks, irregular high ticket sales, or that are highly regulated. Thus, finding a high-risk payment processing solution that keeps high-risk businesses running efficiently might be a daunting, frustrating process. This is all the more true for the CBD oil industry. However, CloudBanking understands that your business model works for you. We believe in your business’ desire to help the community and we’re committed to providing top-rated services.

Thus, we go the extra mile to ensure your business’ security and efficient cash flow. We provide tailored solutions and features because we understand your unique needs. You can now offer your customers a smooth and seamless journey with our innovative payment solution for high-risk industry.

HEALTH AND WELLNESS

Focus on what matters most to your business—your customers. And allow CloudBanking to take care of your payments. Our payment solution for health and wellness industry will be your trusted partner in improving your customer experience. With our innovative platform engineered to accept all kinds of payments and provide the security you need; we can guarantee you streamlined business operation.

 

In the ever-changing global marketplace, make your business at the forefront of innovation to give your customers the best customer experience. Trust that our payment solution for health and wellness is here to help you meet your customers’ expectations while improving your cash flow. Contact us today to experience the difference.

FIELD SERVICES

Are you one of the small or mid-sized businesses in the field service industry having trouble collecting payments? And are you tired of all the waiting and hassles? Then, it’s time for you to adopt a phone- and cloud-based payment solution for field services that will improve your cash flow and accuracy. Allow your field services staff to accept payment on-site so they can focus on the next job.

 

Level up in the game field by offering a cutting-edge payment solution for field services that will assist you in meeting your needs and improving your bottom line. Contact us to know how we can be your trusted partner in getting paid faster and secure.

RETAIL

The retail environment has evolved rapidly in the past years. To keep with the pace and increase your bottom line, you need to integrate a platform providing a full suite of card payment systems that fully satisfies the needs of you and your customers. CloudBanking’s payment solution for retail industry is here to help you stay in the game and be more competitive.

 

Powered with the latest technology, our credit card processing solutions allow retailers to accept any form of card payments such as credit cards, debit cards, and EMV-compliant cards. Our payment solution for retail industry can help you effortlessly manage your point-of-sale transactions while you boost your retail sales.

PROFESSIONAL

CloudBanking offers a customized payment solution for professional services companies, such as law firms, insurance agencies, and accounting firms. Our platform is designed to provide you a safe, convenient, and secure way to accept your service fees and lessen the administrative cost related to payment processing.

 

We understand that your business’ payment processing needs are unique. So you can’t just rely on any payment processing platform to manage your cash flow. You need a trusted partner to receive payments fast, secure, and easy. Enjoy this hassle-free process when you integrate our payment solution for the professional services industry.