The in's and out's of an Internet Payment gateway
Wednesday, 28 July 2010
Tuesday, 8 June 2010
Business model shifts of Alternative payment methods
The toothpaste industry has ripened to meet the consumer. So, if a toothpaste maker clings to selling fluoride-only toothpaste with zero of the new features, likeliness are that toothpaste will no longer be in large requirement. Nowadays, users are requiring more from their toothpaste.
Gaming industry companies are starting out to go in the same direction. Many companies are planning to offer the whole gaming product mix as in contrast to one game in order to continue to stay competitive, which partially explains why we continue to experience consolidation in the gaming sector online it allows for operators to expand their product offers. They may hold one main product, but the movers and shakers are offering sideline activities so as not to lose their already built up users to other companies.
Similarly, payment gateways, which in their simplest form used to be the switch between the merchants and the banks for credit card processing, are today extending to other forms of online payment solutions to meet their customers demands. Those that differentiate themselves will acquire more market share and go forward to lead the online payment space, while those that stay to credit card processing only will certainly fall back.
Besides from secure and reliable credit card processing, the companies ahead are providing other ways of payment through their platform such as debit card processing, PayPal, virtual cash in the form of Ukash and/or Paysafecard, inbound bank transfers and payout solutions such as cheque and bank transfer issuing services and prepaid cards.
The ahead payment services providers also facilitate the creation of your international merchant account with the banks and provide premium fraud-management solutions and data with which to protect your business from fraud.
Gaming industry companies are starting out to go in the same direction. Many companies are planning to offer the whole gaming product mix as in contrast to one game in order to continue to stay competitive, which partially explains why we continue to experience consolidation in the gaming sector online it allows for operators to expand their product offers. They may hold one main product, but the movers and shakers are offering sideline activities so as not to lose their already built up users to other companies.
Similarly, payment gateways, which in their simplest form used to be the switch between the merchants and the banks for credit card processing, are today extending to other forms of online payment solutions to meet their customers demands. Those that differentiate themselves will acquire more market share and go forward to lead the online payment space, while those that stay to credit card processing only will certainly fall back.
Besides from secure and reliable credit card processing, the companies ahead are providing other ways of payment through their platform such as debit card processing, PayPal, virtual cash in the form of Ukash and/or Paysafecard, inbound bank transfers and payout solutions such as cheque and bank transfer issuing services and prepaid cards.
The ahead payment services providers also facilitate the creation of your international merchant account with the banks and provide premium fraud-management solutions and data with which to protect your business from fraud.
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