Topnotch Technical Support Given by Payment Asia

Payment Asia strives to ensure that merchants receive the best payment solution that caters to their needs and their budgetary limitations. The experts at Payment Asia work hard towards ensuring that customers have the best payment experience when they use the merchant’s payment portals. Some of the key features of the technical support offered by Payment Asia include single integration, rich API, reporting systems, customized solutions, and PCI DSS Level 1 compliance.

What is a single integration?

 Single integration, in simple terms, refers to ensuring that the various payment channels offered have one point of control. All of the various modes of payment offered are integrated into one system so that control is easy and transactions can be made without any hassle. This also means that merchants may add payment channels and not have to make changes in the code.

What is API?

An API or an Application Programming Interface can be understood to be a platform where different software interacts. The experts at Payment Asia offer a rich API so that merchants have to do the least amount of work to see the transaction through. The interface is so designed as to bring about an effective interaction between the various intermediaries involved in a payment transaction. This helps automate the transaction and avoid human interference making it secure and transparent.

A reporting system like no other

Payment Asia reviews speak highly of the invoicing system in the payment solutions offered. This ensures that every transaction is recorded and accounted for. The transaction history can be analyzed in order to prepare reports on sales and consumption. The experts at Payment Asia have gone a step further and provided for accessing the transaction history in Excel in order to facilitate easy reporting and analysis.

Customized solutions for every merchant

Merchants have heaped praises in Payment Asia reviews for the manner in which the experts at Payment Asia provide solutions that are tailor-cut to suit their specific needs. Each payment solution depends upon numerous factors like the customer base, the vision for the business, the budget available, the cost of implementation, etc. All of this is given due consideration by Payment Asia experts when designing payment solutions for merchants.

PCI DSS Level 1 Compliance

As the name suggests, this refers to a set of standards that must be complied with in order to ensure that the sensitive information entered by the customers are secure as they are stored, transmitted and processed. This level of compliance is the highest standard there is when it comes to credit card transactions. At Payment Asia, no stone is left unturned in ensuring the safety of the customer and merchant data.

How to Understand Payment Flow

Payment flow refers to all of the steps involved in the execution of a monetary transaction. The key players in a payment flow are the customers, merchants, the payment service providers, and the banks. A payment flow can be broken down into 4 simple steps namely initiation of a transaction, acquiring of information, verification of information entered, and completion of a transaction.

In the first step, the key players are the customer and the merchant. The key players in the second step include the merchant website and the payment service provider. The payment service provider and the banks involved are the key players in the third step and the transaction is completed right where it began, between the customer and the merchant. Payment Asia reviews record the help merchants receive from Payment Asia in securing payment flow.

Initiation of transaction

Every transaction is initiated by the customer upon choosing the “pay” option on the merchant’s website. This sets in motion the payment flow. As in an offline purchase, the first step is to go through all of the products offered by the merchant and to arrive upon the desired product. The product(s) are loaded onto the shopping cart and taken to the cashier to make payments.

Similarly, every product that the customer desires to purchase from the merchant’s website is added to a cart following which the customer proceeds to check out, thereby kick-starting the second step of the payment flow.

Acquiring information

Once the customer proceeds to check out of the merchant’s e-store with the desired products, the merchant collects information relevant to the payment and conveys them to the payment service providers. Conversely, some merchants opt for payment channels wherein right after check out, the customer is redirected to the payment service provider who collects the information and conveys it directly to the banks.

The experts at Payment Asia help merchants choose the payment channel that best suits their needs and requirements and budgetary limits. This is often mentioned in Payment Asia reviews.

Verification of information

This is the decisive step in every payment flow. It determines the outcome of the transaction. The information regarding the cost of the entire purchase is conveyed to the bank whose details are acquired from the customer.

The bank verifies if such a transaction can be made and relays the information to the payment service provider who in turn informs the customer via the merchant’s website. The information from the bank post-verification of the details acquired from the customer kick-starts the final step in a payment flow.

Completion of transaction

The Payment flow is completed when the information conveyed by the bank post-verification reaches the customers. If the bank responds in the affirmative, the amount due is deducted from the customer’s account and deposited in the merchant’s account and this information is conveyed to the customer indicating a successful transaction. If the bank responds in the negative, the transaction fails and the customer is informed of the same. This could be due to insufficient funds or entering incorrect details.