The Best Payment Gateway For Online Stores

 Along with the increasing awareness of the Indonesian public that selling online is important, the need for online shop websites has also increased. Online shops themselves are also not much different from physical stores as in general. In online shops there is also a process of viewing products, comparing, and also paying.

Now for the easiest payment, usually online shop owners only use manual bank transfers. So when a buyer pays, the online shop owner must check their account mutations, making sure the amount transferred is appropriate or not. This is easy if the transaction in your shop is only 1-10 transactions a day. But what if hundreds or even thousands? How much time is wasted just checking transfers and ensuring that the buyer transfers money according to the specified amount. Because of this there is such a thing as a payment gateway .

What is a Payment Gateway?

Payment gateway is an automatic payment service provider with various payment channels for online shop owners. This payment gateway becomes a third party between the online shop owner and the buyer. The function of this payment gateway is to help the payment system in your online shop automatically. So when the buyer has made the transfer, the payment gateway system will check whether it is patient payment solutions in accordance with the nominal, if it is correct automatically the payment status is complete and the online shop owner will get a notification to immediately process the order. If you use an online shop creation service from Whello, a payment gateway is a feature that is included in this service.

How Do Payment Gateway Work ?

Please note that if you use a payment gateway , buyers will no longer transfer their money directly to your account. But to a payment gateway account . Why? Because payment gateway accounts are integrated with their system which allows them to automatically check all account mutations in their accounts and connect directly to your online shop platform (wordpress, native php, etc.). So there's no need to check account mutations manually over and over again and update the order status in your online shop. Everything becomes automatic and your job is only to process orders whose payment process has been verified by a payment gateway .

But you don't need to worry because the payment gateways below are the best payment gateways that are already used by many well-known online stores. So their credibility and honesty can be ascertained.

Payment gateway itself has many choices. The difference is usually only in the available payment options such as BCA Virtual Account, Gopay, Ovo, credit card, Akulaku, and others. Make sure you choose a payment gateway as needed. Suppose your product does not require a credit card as a means of payment, then you don't need to use a payment gateway that provides credit card payments. 

Faspay

Faspay is also a payment gateway which is almost the same as Midtrans. The payment channels offered are also not much different, in Faspay for e-wallets you can only use Ovo and Cardless Credit payments, there are 2 types of payments, namely Akulaku and Kredivo.

Faspay is also compatible with various online shop platforms such as WordPress, Magento, Prestashop, and Opencart. If your website uses another programming language, you can also use the API documentation provided to make it easier for you to connect Faspay's API with your website.

And also like Midtrans, Faspay also deducts every transaction depending on what payment channel is used. The price per transaction is not much different from Midtrans. You can see below:

Xendit

Xendit is unique from other payment gateways . Xendit has a Live URLs Checkout feature, so you can create a special payment link for your customers. And the link is only valid for a certain time that you can specify. That way you can send the payment link to various social media.

In full, there are 3 choices of integration, namely through Live URLs Checkout, Web / Phone Checkout, and also Native APIs. For web checkout, it's definitely for those of you who use an online store with platforms like WordPress, Magento, Shopify, and others. 

While APIs are for those of you who use complex programming languages ​​and want to create their own UI. So you can do the developing itself in connecting API Xendit with your website.

Effective Tips for Writing Sample Invoice for Fast Payments

Sleekr brings you the best sample invoices that you can get free and easy. When you have completed the customer order and sent the goods, then you will definitely send a payment invoice as a payment bill. The period for this invoice varies, it can be thirty days or even three months, so we have to wait for this period until the customer makes a payment.

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The problem is, the length of time will disrupt the company's cash flow because not everyone pays the invoice payments they get on time, some are due even late. So, to avoid this from happening, here are tips for effective writing of sample invoices that you can pay attention to.

Here are tips for writing sample invoices so you can get paid quickly

1. Make sure the Payment Invoice is Easy to Understand
   To make it easier for your customers to identify what items they have ordered, write a complete list of items starting from the name, size, type, material, and everything. That way, he will remember and immediately pay off the bill. It would be better if you also include your company logo on the invoice . This logo not only makes you look professional, but also makes your invoice easily recognized by customers. Instead of being confused, you can use the sample invoice template provided by Sleekr.

Simple and practical sample invoice template from Sleekr Invoice Kilat for SME businesses.

1. Invoice TermThe next way to make an invoice is not to write the invoice term as you want. That is, if you want a customer to pay invoices within thirty days, then don't create billing invoices that are due in thirty days. Just write twenty days. This aims to avoid the possibility of the customer being late in paying because if the customer pays the invoice for more than thirty days, it will certainly hurt you, right? Not only cash flow, operational funds are also hampered.
2. Flexible Payment MethodsThe choice of payment method that you offer to customers also affects how long it takes for the customer to pay off the invoice . The more limited the payment methods you offer, the more difficult it will be for your customer to pay off. As a result, he will delay payment. It is different if you provide many flexible payment method choices. Customers can make payments anytime and anywhere.
3. Send Invoices to the Right PeopleDon't get the wrong person when you give the bill. For example, he turned out to be not the person responsible for dealing with payment matters, so he forgot to convey it to those concerned. As a result, your invoice is not processed immediately. Therefore, make sure you give it to the accountant or someone else who is responsible for it. Also, don't invoice multiple people as this is less effective. It could be that the person you are giving the invoice to thinks someone else has received it, so they don't need to care about the invoice .

1. No Need To WaitSuppose you have delivered the item according to the customer's order on Wednesday. So, don't wait until Friday to send a billing invoice . If necessary, send it that Wednesday too, especially if your customer is the late payment type. Therefore, sending invoices as quickly as possible can reduce the risk of customers paying late.
2. Remind Customers BackIf until maturity the customer has not yet paid the bill, this needs to be watched out for. If he's busy, it probably doesn't matter much. It's a different story if he forgets or the worst case, the invoice that you provide will actually disappear somewhere. Therefore, when it is past due, immediately contact the customer to pay it.