How to Diversify your eCommerce Payments

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Whether you are running a small business or a multi-million organization, payment gateways are an integral part of your online website. It facilitates online transactions and enables you to accept payments from customers securely and efficiently.

Watch the video to learn how to build an eCommerce payment gateway or want to understand how to diversify a payment gateway.

Things explained in the video
-What are eCommerce Payment gateways?
-Why do you need diverse payment gateways?
-How to diversify your eCommerce Payments?

Here are some ways you can ensure safe and reliable payment processing:

Businesses need to be well-versed in how to process payments safely. Here are some tips on safe payment processing that every business must follow.

1) Choose a reputable payment gateway: Always select a trusted and reputable payment gateway for
processing online payments. Research and compare different options to find the one that best meets your business needs and is secure and reliable.

2) Use SSL encryption: Secure your website using a Secure Sockets Layer (SSL) encryption. SSL encrypts data transmitted between the user's browser and your server, protecting sensitive information from being misused by hackers.

3) Implement strong authentication: It’s always recommended to have an extra layer of security in your payment gateway. You can do this by implementing two-faction authentication (2FA) or multi-factor authentication (MFA. This can help prevent unauthorized access to your payment system.
Regularly update software and plugins: Keep your website's software, plugins, and other tools up to date with the latest security patches and updates. This reduces the risk of security breaches and potential exploitation of system or server vulnerabilities.

4) Monitor for fraud: Implement fraud detection tools and regularly monitor for any suspicious or fraudulent activities related to payment processing. Set up alerts or notifications for any unusual transactions or patterns and take appropriate action if any fraud is detected.

Timestamps
00:00:00 Introduction
00:00:41 What are eCommerce Payment gateways?
00:01:24 What do eCommerce Payment gateways provide?
00:01:43 4 payment options to offer your customers
00:01:52 Credit and Debit options
00:02:11 Payment by check
00:02:28 Paypal
00:02:46 Apple or Google Pay

Additional Resources and Tutorials

You can check out our detailed blogs on eCommerce payment gateway here-
https://www.bluehost.com/blog/how-to-accept-payments-from-your-woocommerce-website/
https://www.bluehost.com/blog/choosing-right-payment-system-ecommerce-store/

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