Do you realize?! A third of online shoppers in the U.S. hesitate to perform their purchases online in fear of bank card data thefts, claims a recently available research conducted by Bizrate, a unit of selling technology provider Connexity. These shoppers are unsure about how reliable the payment process is and therefore question retailer security. Further, according to the Bizrate Insight survey, respondents claim that they can trust Amazon and PayPal the most, in terms of secure online retail payment.
Several studies have strived to comprehend the factors that influence consumer behavior with regards to online purchase hesitation. Most numerous studies have produce the same results praoclaiming that one of many key factors that determine online shopping hesitation among several other factors, the hesitation in 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 many different other popular gateways including FirstData, Realex, Authorize.net, eWay, Cardinal Commerce, Gotmerchant and many more. Ecommerce owners and internet based retailers is now able to generate trust of the customers by imbibing these exclusive payment gateway modules from Magento, to their web store.
The Magento Extensions in terms of payment modules, it makes sure that all your customer’s online transactions are carried out inside a smooth and secure manner. All major charge cards and atm cards are duly accepted and based on these extensions. At silly, do these extensions store any bit of card information anywhere on the system, as what a key priority in order to pass the PCI compliance issues. The internet store owner can however capture the authorized payments through the backend with the platform.
The Magento extension makes the payment process least vulnerable to fraudulent ways and undoubtedly protects your customer’s financial details at any cost. Merchants and store owners have the option to perform an ‘authorize only’ or ‘authorize and capture’ functionality, based on the payments made online in their store. They could then capture just how much through the extension backend. Many of the extensions, supports multi-currency transactions, so because of this might be adapted on a global platform. Further, these modules aptly support various key functionalities which might be required for an even and safe payment transaction such as Authorize Only, Authorize & Capture (Sale), Void and Refund.
Integrating these exclusive payment gateway modules into the checkout process to your store, will improve the confidence and produce the trust of more customers, providing you with the tag of the reliable online shop. This may distinctly set you apart from the competition. Do give a shot for the Magento array of payment extensions, you may not be disappointed!
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