Most Common Reasons For A Payment To Fail

When you’re initiating a payment online, there are many factors that go into making the payment possible and a single glitch in any of these entities can lead to an online transaction failing.
Running an online business and using an online payment system, and you’re not really happy with the way it works. Well honestly, choosing the right payment gateway is not the easiest task. There are many options to choose from and you probably haven’t made the best choice.
Below you can find a list with the most common reasons for a failed payment for any of our services and helps you to choose right payment gateway for Business.

1. Your Checkout Page Isn’t In Their Language.

People are prepared to buy from businesses halfway around the world as long as the transaction feels comfortable. If they can’t read the checkout page, that comfort level plummets. In fact, seventy-five percent of shoppers prefer not to make a purchase decision unless the site is presented in their native language!
MYFUNDBOX supports more than 9 languages which includes German, Turkish, French, English, Arabic, Bosnian , Urdu , Swedish etc.

2. Your Checkout Process Doesn’t Support Popular Global Payment Methods.

There’s no reason shoppers from any country should arrive at your checkout page and not see a familiar payment method. Up to 13% of shoppers will abandon the purchase if they don’t see a local payment option they prefer; or, at the very least, they’ll be less satisfied with the experience.
MYFUNDBOX provides more than 15 multiple payment methods which includes Stripe (Giropay, Ideal, cardcollection, sofort, EPS, Bancontact,P24 ,SEPA), PayPal, Apple Pay, Google Pay, Amazon Pay, etc

3. It Is Hard To Integrate The Payment Gateway

Payment gateway setups are a difficult and time-consuming process. You probably aren’t a technical person, and you probably don’t have a developer on your team. So you should know, that there are many options, with drag and drop solutions, that will allow you to integrate the payment gateway onto your website in minutes.
You should spend some time trying to find a online payment system that is easy to integrate and provides reliable service, that also works great on mobile devices. It’s a bid plus if the payment provider is also developer-friendly. Flexible and clear APIs allow for implementing the additional features, while also integrating with third party products in a time efficient way. This helps you save the time and money you need to maintain it.
MYFUNDBOX has easy setup, intuitive interface and online payments business will go live in a matter of hours.

4.It’s Time For You To Choose!

It is important to implement the right payment solution in order to keep customers on your site, and not suffer a loss of orders. Think about the long-term success of your business. If the payment solution you’re using now fails at most of the mentioned points, move on to a processor that will better understand your needs.
Implementing the right payment solution on your eCommerce website is a convenient way to process your customers’ payments, whether you run a small or large business. You just need to avoid as many mistakes as possible while choosing payment gateway. It can be difficult, but not impossible.
If you’re looking for a consistent, professional answer to your online business – look no further. MYFUNDBOX provides the requisite expertise and resources to handle data and transaction processing activities in a time-bound, structured and cost-effective manner which will take your business to next level.

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