If you’re looking to expand your business online then this is the perfect time to start using a dedicated payment gateway. The Kingdom of Saudi Arabia has witnessed an increase in eCommerce, making it the biggest eCommerce market in the region. This growth is spurred by tech-savvy young adults who enjoy purchasing online. Whether you are a small brand or a big business retailer, adding a dedicated payment gateway in KSA is the need of the hour.
How do you pick the right one?
If you want to rise in this highly competitive eCommerce market, you need to create an edge over the competition. One easy way of doing this is through an easy and secure payment gateway, which accepts digital payments quickly and seamlessly. Picking the best gateway can be a tricky matter; always consider how long your gateway will take to get integrated into your online store. With the rise in competition from almost every brand out there, you don’t want to lose potential clients because the payment system is taking too long to implement.
Think of what your business needs?
You need to evaluate your business needs when it comes to payment. Going for unnecessary features will eat up into your profits. When looking for a payment gateway in KSA, always create a checklist of all the things you need.
How to budget
Think of all the fees going into your payment gateway, check if the fee structure of the features provided suits your budget. Compare the rates of different payment gates and their features to make sure you identify the best. This will also depend if you are a small or big business as your needs will change accordingly.
Security is the most important factor when it comes to dealing with client and customer financial information, one wrong move and your customer will lose faith in your company. Your payment gateway in KSA has to be PCI – compliant, certified, has a digital signature, dynamic IPS, dual-layer encryption, 2FA, and other high-security features. Ensure that the payment gateway offers these security features when you are picking a provider.
One of the most important parts of any business is the quality of the customer service provided. The payment process for your customer should be seamless, fast, and convenient. It should also accept multiple payment options on different devices, including mobile and tablet. Also, the gateway should be able to accept multiple currencies. It may seem like a lot but you need to strategize how to position your business to ensure repeat sales and customer loyalty. Online brands are coming out with new products and payment methods daily and you need to ensure your business can compete with them on equal footing.
When picking a provider, ensure that you are making a checklist of everything including security, usage, and efficiency. Your payment gateway in KSA has to be designed to cater to the needs of your local customers. By doing this, it will make your site far more superior in terms of customer service and you will fare better than the other local competitors.