Integration of the payment system on the site

28 Dec 2021
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Integration of the payment system on the site

Integration of the payment system on the site is a profitable offer for business

The last few decades have been characterized by a rapid transition of business to the Internet. It is convenient to engage in almost any commercial activity here. Whatever your company does, an informative page will allow customers to learn the maximum about the services provided and make the right choice. The creation of sites in Ukraine,

especially online stores and trading platforms, clearly confirms the dynamism of this process. The main convenience of using them is the ability to shop without leaving your home or office. In this case, one of the key places is the ability to immediately pay for the goods. High-quality integration of the payment system on the site will increase the efficiency of its work.

The development of shopping sites focused on a high level of sales and long-term work is always carried out by professional studios. Based on this, the customer just needs to choose a company that can carry out the full range of these works at the appropriate level. The ability to connect payment systems to the site should immediately appear in the terms of reference, responsible developers offer this option even without the request of the client. For the correct conduct of online payments, we recommend that you do not try to install this function yourself. The company "MEGASITE" develops websites in Ukraine at the highest professional level and can technically perform any amount of work in this direction.

Basic principles of online payment

The digitalization of the banking system began long before the development of online business. So, back in 1958, the first universal bank card from Banc of America was issued, which soon transformed into the Visa payment system. The success of this solution quickly confirmed its high level in just a few years, and the number of cardholders amounted to several million back in the distant 70s of the last century. In 1967, Visa's main competitor appeared on the market - MasterCard cards from the newly created Interbank Card Organization.

Integration of the payment system on the site

The possibility of cashless payments was highly appreciated by both stores and consumers. It is not surprising that even the first online stores began to provide this possibility. The implementation of the payment system on the site at that time was quite primitive and did not have modern flexible capabilities.

1993 is a landmark year for the Internet payments industry - the market was marked by the release of the first electronic money system. The eCash technology was developed in the USA and is the prototype of most of the existing online payment technologies. Electronic currency was stored on a computer hard drive, its circulation was carried out with the help of special programs and access to the World Wide Web.

The following decades were marked by dynamic market growth. Hundreds of payment systems have appeared, among which clear leaders have been identified, and players with a mediocre level of services for the most part simply disappeared. This progress has been facilitated by:

  • low price of supplying an online store with the possibility of remote sales;
  • fast transaction time;
  • high transaction security;
  • the ability of the buyer and stores to choose for the simultaneous use of all available financial instruments in this area.

Payment systems in Ukraine and all over the world are very widespread. The implementation of cashless payments in the future should practically supplant the use of conventional banknotes. The company "MEGASITE" is a– web-studio in Kyiv, providing services for the integration of financial instruments. With our help, you will allow your client to make online purchases using any payment systems. Managers of the company will provide online free advice on what payment systems are available in Ukraine today.

Payment instruments on the trading platform

Before asking a question about how to make a payment system on your site, we recommend that you determine the range of potential tasks based on your prospective client base. Given the flexibility of modern payment instruments, installing direct support for the main payment systems Visa and MasterCard is not mandatory - offers from local banks will more conveniently handle this.

You can install a payment system on the site using popular solutions from large companies, such as GooglePay or ApplePay. De facto, they are the standard in the world of mobile payments. The cost of integration directly depends on the number of connected tools.

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