Do you realize?! A third of online shoppers in the U.S. hesitate to accomplish their purchases online in fear of bank card data thefts, claims a current research conducted by Bizrate, one of marketing technology provider Connexity. These shoppers are unsure about how exactly reliable the payment process is thus question retailer security. Further, in line with the Bizrate Insight survey, respondents state they trust Amazon and PayPal probably the most, in terms of secure online retail payment.
Several studies have strived to comprehend the standards that influence consumer behavior when it comes to online purchase hesitation. Most reports have come up with exactly the same results on the grounds that one of the important aspects that determine shopping online hesitation among a number of other factors, the hesitation at the final payment stage. However, in the trust most consumers have on PayPal payment gateway, Magento Payment Extensions strives in order that their extensions are linked to the PayPal gateway. Besides PayPal, Magento also has several partnerships and certifications with a lot of other popular gateways such as FirstData, Realex, Authorize.net, eWay, Cardinal Commerce, Gotmerchant and others. Ecommerce owners and online retailers is now able to generate trust with their customers by imbibing these exclusive payment gateway modules from Magento, within their online shop.
The Magento Extensions in terms of payment modules, it helps to ensure that all your customer’s online transactions are finished within a smooth and secure manner. All major credit cards and debit cards are duly accepted and based on these extensions. At no reason, do these extensions store any little card information anywhere about the system, as this is a key priority in order to pass the PCI compliance issues. The online store owner can however capture the authorized payments from your backend with the platform.
The Magento extension helps make the payment process least susceptible to fraudulent ways and undoubtedly protects your customer’s financial details whatever it takes. Merchants and store managers possess the choice to perform an ‘authorize only’ or ‘authorize and capture’ functionality, based on the payments made online at their store. They are able to then capture just how much through the extension backend. A few of the extensions, supports multi-currency transactions, thus might be adapted on a global platform. Further, these modules aptly support various key functionalities which might be essential for a smooth and safe payment transaction such as Authorize Only, Authorize & Capture (Sale), Void and Refund.
Integrating these exclusive payment gateway modules in the checkout process for the store, is likely to improve the confidence and work out the trust of more customers, supplying you with the tag of the reliable web shop. This could distinctly set you besides the competitors. Do offer a shot to the Magento array of payment extensions, you will not be disappointed!
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