The digital revolution in Finance and technology has been about the transformation of the financial services industry using technology. Financial Technology better known as FinTech helps business owners to efficiently manage their finances, and payment processes by utilising specialised software and algorithms. Consumer spending via internet is increasing at a prominent proportion to the underlying need for secure transactions, increasing the importance of reliable online payment systems. Digital payment platforms can be defined as the means for the process involved in conducting transactions virtually, however, the functions of online payment platforms expand to include the monetary connection between the sellers, buyers, banks, and other intermediaries. Payment gateways have become ubiquitous with internet penetration reaching the metro cities' boundaries to the country's rural belt. The innovative upliftment aims to make financial services accessible to all businesses irrespective of size and scale.

What is Pay10?

Pay10 is a digital payment platform, not limited by scope. The leading payment Aggregator provides multiple products and services like secure payment, reseller services, and bill payment amongst other things. With the aim to empower businesses, owing to advanced and accessible digital payment, Pay10 caters to every scale of business irrespective of the sector. Empowered by technical dominance the payment service provider strives to be the 360 degrees trusted platform for the electronic transfer of funds, and it is focused on creating strong partnerships and continuous commitment to our customers and our people across all geographies.

How does pay10 Empower Business?

Modern businesses face modern problems and seek solutions that smoothen their operations besides leaving a positive impact. Pay10 is a multi-faceted and technologically advanced solution offering a wide range of payment options and a dedicated security circuit. It is an integrated payment solution that gives an extra edge to businesses with seamless functionality. With the motive of giving access to “A Complete Digital Payment Ecosystem”, here are a few reasons that will compel businesses to associate with the brand.

1. Scalable & Secure Infrastructure

Some of the benefits provided by online payment systems include improved cash flow efficiency, guaranteed transactions, reduced costs, increased protection of sensitive information, and increased protection of the payment provider. An Online payment service provider allows businesses to control sensitive information without having to invest in a complicated web application. Pay10 is well-equipped to prevent fraud by providing increased data security during transmission. The robust server follows standard compliance and is supported by security features that offer nonpareil safety standards:

  • Server hosted with AWS, a reliable cloud provider offering unparalleled data security
  • Transport Layer Security (TLS) to encrypt information exchange
  • Secure Data Storage and Access Control
  • Strong network security controls
  • CoFT (Card on File Tokenization) implemented a Payment ecosystem with enhanced
    checkout experience.
  • Strict in-house security guidelines that ensure the confidentiality of your
    customers’ information

2. Multiple Payment Option

Lack of options while making a purchase can result in lost revenue caused to the brand. Multiple payment options are imperative for a better user experience and to make the platform reliable apart from that the wide range of options increases the conversion rate as customers are more likely to complete a purchase given to freedom of choosing their preferred mode. Pay10 is a well-designed payment gateway that incorporates multiple layers of security for both merchants and customers. Great accessibility is an uptick in the list of benefits that multiple payment options in payment gateway offer. Multiple options help in managing payment failures effectively, rendering a sense of security on customers towards your brand.

3. Ready-to-go-Plugins

Ready-to-go plugins are pre-written and preconfigured software components that enable users to integrate them into the website and applications without the need for extensive custom development. Plugins add specific functionality or features to a platform such as adding a contact form or integrating with a payment gateway. Ready-to-go plugins are designed to be quick and easy to install which further allows the users to add new functionality to a specific site with the least effort, Pay10 offer ready-to-go plugins for a streamlined and user-friendly checkout experience compared to custom integrations.

4. Standard Compliance

Compliance refers to the process of meeting industry standards, regulations, and laws that govern processing and related activities. Payment gateways must comply with a variety of compliance requirements to operate effectively and securely. Pay10 is certified with the best-in-class industry standard. Pay10 complies with PCI DSS Level 1 Certification to protect against data breaches and other security threats. Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. Besides this, Pay10 is certified by,

  • 27001:2013
  • ISO 9001:2015
  • CERT-in Empanelled Certified SAR
  • Vendor Site Compliance Certificat

5. Dynamic Routing

Dynamic routing enables payment gateways to automatically route transactions to the most appropriate acquiring bank or processor based on various factors such as payment type, card type, geographic location, transaction amount, and more. The feature plays a crucial role in improving the overall efficiency and reliability of transactions while providing greater security for cardholder data.Dynamic Routing in pay10 helps streamline the payments reducing process time, and the swift yet secured transactions result in a better customer experience

6. Responsive Customer service

A business can significantly increase customer satisfaction and loyalty by providing quick and effective solutions to customer inquiries and issues. A reputation for providing excellent customer service can generate positive word-of-mouth businesses and build a strong brand image. Pay10 appoints a dedicated customer relationship manager so you don’t have to stay on call till the executive is available. When in doubt, call the manager and resolve your issue in as little time as possible.

While digitisation is the future, digital payment platforms become the pre-requisite for running a business successfully. Pay10 is one of the leading Gateways in India for transactions, that serves all sectors irrespective of their size. Our device agnostic platform supports paymentsfor all digital devices and enables users to view all transactions. Besides secure and certified services with a robust fraud prevention system, Pay10 offers top-notch customer service with a dedicated relationship manager. With a plethora of services that can skyrocket sales, Pay10 payment solution is all that your business needs. For more information check our official website.

End of Blog