Pros and Cons of Payment Gateway For Your Online Business

 The wider internet has actually had a pretty good impact on traders. Some stalls that previously only sold goods offline in stores have started to look at online businesses because they are considered to have a wider reach. Luckily, even those who don't have big capital can now sell online. Just provide gadgets, internet quota and strong intentions, anyone can jump into becoming an online businessman.

After determining what products to sell, it's time to create your online store website and arrange it in such a way that it's ready to go. For newbies, payment methods are often a problem, especially if you only have 1 bank account. Starting from the reluctance of buyers to pay additional fees for interbank transfers, to the point that data collection becomes a hassle. The existence of a payment gateway is now a solution for many merchants to make payments easier for their online stores.

What is a Payment Gateway?

Payment gateway itself is a system designed to facilitate financial transactions, especially for those of you who plan to create an online store. By using a payment gateway service, you can receive payments from buyers via any method and from any bank, from interbank transfers, direct debit (BCA KlikPay, Mandiri ClickPay, CIMB Clicks and e-Pay BRI), credit cards, e -money (t-cash and XL Tunai) as well as via virtual account directly to one account yours. All incoming payment data will be ensured for safety and will be recorded properly.

So how does this payment gateway work? After the buyer decides to shop at your e-commerce, the transaction information will arrive at the payment gateway to be forwarded to your bank's payment processor. The payment processor then proceeds to the credit card association concerned (whether Visa / MasterCard). If you are using a Discover Card or American Express, the processor acts as a bank that approves / does not approve the payment gateway. The final message will be forwarded to your website as well as to the cardholder.

Advantages of Using a Payment Gateway

Can you believe patient payment that using a payment gateway will make your online shop more trusted by customers? This is true, because in order to have an account and activate a payment gateway service, there are a number of special requirements imposed by payment gateway service providers that cannot be fulfilled by any online merchant. Providing a payment system through a direct payment gateway will indeed increase the level of trust for your online store website.

Because all transactions take place online, apart from being able to increase your online shop website traffic, you can monitor every transaction in realtime. You can also check transaction data on a daily, weekly, and even monthly basis. In addition, you can also find out what types of payments are most often used by your customers.

Unlike the manual payment systems that make it difficult for you to confirm every incoming fund, a payment gateway can make it easier for you to make sales reports, find out customer details, void to refund. After all the trivia of payment runs automatically you just need to focus on development

Lack of Using a Payment Gateway

As mentioned earlier, to activate a payment gateway, there are a number of requirements requested by the service provider, including making sure your website hosting is tough enough and doesn't suddenly go down when accessed. And although you can check your transfer data at any time, you can't check your account balance like online banking.

If you are planning to create an online store, there is nothing wrong with considering a payment gateway for your store payment system.

This is how to make an easy invoice!

 An invoice or commonly known as an invoice is a document that is very important in business. If you have a business, whether it's a small business or a large business, you must understand that invoicing is part of branding. However, some people do not really care about the form or content of the invoice, for him an invoice is just a number, details of goods and a business transaction carried out for two parties.

That invoices https://denmaar.com/magellan-easi-form/magellan eap billing form that are unclear or difficult to understand will certainly complicate the checking process so that it can cause delays in payments. Through this article, we will discuss how to make an invoice that is correct and more professional. 

Characteristics of a Good Invoice

A good invoice is an invoice that is informative and can help make the process faster. This will make clients happy and satisfied with the services provided. Then, what are the characteristics of a good invoice?

• Have true and accurate information
• Have a suitable and professional appearance
• Delivered on time

We will discuss the three characteristics above in more depth as below:

• A good invoice is an invoice that is informative

As we discussed a little bit above, without the appropriate information, your client might not know what the invoice was used for. Even some of them may not know how much is nominal and where to send it. Therefore, some basic information that must be included in the invoice, such as:

• Name and Contact Information
• Business Logo
• Client Name and Address
• Invoice Number
• Invoice Date
• Due date
• Total Bill Amount
• Description of Work Performed or Goods Sold
• Payment Method Options
• And payment terms

Make sure your invoice contains the things we have mentioned above. By displaying information like the one above, the client will also feel satisfied and clearly see the contents of the invoice.

• A good invoice is one that can display information professionally

The appearance of the invoice made must also be considered from various sides. You have to consider your invoice to have the characteristics of the brand you have. However, it does not only apply to invoices that you have business cards, e-mails and other important documents must also represent your business or business. 

Then don't forget to avoid mistakes like the following:

• Typo
• Too Many Colors
• Incorrect Spacing
• Less focus

Things like the above are often encountered when creating invoices. Therefore, to increase the credibility of your business or business, make the invoice as good and informative as possible so that it can be understood by the client. 

• A Good Invoice is an On-Time Invoice

So when is the best time for you to invoice collection from clients?

In most cases, invoices can be sent when all work has been completed. However, don't forget if there is an agreement that has been made before starting with the client. 

However, for some people, there are many who are hesitant about invoicing their clients. They will usually send the invoice after days of work have been completed. Even though this must be avoided because by sending a late invoice, the payment to be received will be late. They also usually expect to make payments in a timely manner.