Why does SME need payment gateway?

In recent years, the usage of payment gateways has increased significantly across the world, specifically in places such as Malaysia, India, and China. This is due to the growing awareness of the many advantages that payment gateway offers. For example, they are much more convenient than traditional methods of payment, such as cash or cheques, and they also offer greater security and convenience.

Benefits of Payment Gateway

There are many benefits of payment gateways, which is why they are growing in popularity.

Convenient: Payment gateways are much more convenient than traditional methods of payment. This is because you can store all your payment information in one place, and you can access it from anywhere in the world. With PAYBATS, you’re able to accept multiple payment methods with just a QR code!

 

Touch ‘n Go for example is a great e-wallet that is very convenient for those who are always on the go.

Secure: Payment gateway also offers greater security than traditional methods of payment. This is because they use encryption technology to protect your payment information. PAYBATS is PCI DSS level 1 compliant which means it’s very secured.

Fast: Payment gateway are also much faster than traditional methods of payment. This is because you can make payments instantly without having to wait for the money to clear. Most payment gateways have more than 99% uptime throughout the year, which means you do not have to worry about not being able to accept payments.

Affordable: Payment gateways are also very affordable. This is because there are often no transaction fees associated with them. Aside from that, the monthly subscription or service fee is a small cost to pay for many more usability and functionality.

 

There are many different payment gateways in Malaysia, but one that stands out is PAYBATS.

What is PAYBATS?

PAYBATS offers a complete digital payment ecosystem for small and medium enterprises (SMEs). This means that businesses can easily accept payments via their online store, offline store, TikTok, YouTube, Facebook, Instagram, and many more when they sign up with PAYBATS!

 

PAYBATS’ digital payment ecosystem is available for the following marketing channels:

 

– Online Store

– Retail / Offline Store

– TikTok

– YouTube

– Facebook

– Instagram

 

So, if you are an SME in Malaysia, make sure to check out PAYBATS for all your digital payment needs!