The popularity of eCommerce is on the increase and accepting online payments is becoming a requirement for companies, irrespective of the company size.
E-payment systems are ending up being relevant with the social and technological trends intersecting and with the intervention of social distancing due to COVID19.
Here are the advantages of accepting online payments
Benefits of online payments.
With these many benefits, accepting digital payments can surely be counted as a great chance to make sales and to make your organization more successful.
Now, to implement an online payment approval system, you can go to card operators, banks, or payment solution providers, but, before going to them, you need to consider some important things,
Choosing a payment option: Now, thinking about the number of ideas you have to take into choosing an ideal payment option for your service, you can either check out the list of entities or you can partner with.
Well, this would be the first and apparent question. Here is why,
Payment method alternatives–.
Clients are getting used to digital payments and discover excellent convenience in them as it enables them to browse store, and pay from anywhere at any time.
Considering this trend there is an increase in alternatives through which online payments are done. There are card payments, UPI, mobile wallets, payment links, QR code allowed payments, etc
Some options are commonly popular among the clients, while some are used by niche groups of clients.
If clients will get their preferred payment method, the cart desertion rate will undoubtedly reduce. Lyra provides a wide array of global and local payment techniques.
When it concerns accepting digital payments, just like payment methods, you need to think about the different payment modes your company will be accepting.
Lyra also supports different payment modes, like repeating payments, EMI, divided payments, etc
Online payment choices 2.
Among the reasons individuals do not opt for online payments is security. Customers frequently prevent digital payments due to fear of online scams.
Lyra can be your reliable and safe and secure payment partner. With India’s most protected payment entrance,.
Lyra uses payment services that are PCI DSS certified and follow the government’s information security guidelines and file encryption requirements.
The options provided by Lyra are SSL layered are 3D secured and certified by VISA, MasterCard, and NPCI.
With these security features, you can guarantee your customer that the deal is secure and gain yourself some royalty and loyalty points.
Include on tools and additional features–.
Being partnered with Lyra is far more than simply accepting online payments. Lyra offers a range of add-on tools for your company and payment analysis.
These options assist you to cultivate your international and local organization successfully.
Lyra’s powerful back-office system– Lyra offers a back-office system that can be thought about more than an easy management tool. With this system, you can view deal status in real-time.
The back office system enables you to manage and carry out e-payment activities such as scheduling payment orders, cancellation or refund of payments, and so on
. You can likewise handle guidelines such as notice rules, and fraud guidelines based on your business requirements.
It facilitates account management and improves the business’s level of autonomy.
Dynamic routing– Lyra provides intelligent routing technology. This innovation is a rule-based system that calculates the very best possible route to guarantee optimal payment acceptance rates.
It operates in real-time and enables flexible processing, cost optimization, increased acceptance rate, and a boost in payment success rate.
LUMA– if you are opting for Lyra’s SIm services for your POS, LUMA or Lyra Update Manager enables you to monitor, manage and operate your whole fleet of POS terminals. This application features a responsive web website and operates in real-time.
OptNet– Speaking of Lyra’s Sim Solutions, OptiNet enables enhanced changing of payment terminals to the most efficient mobile network immediately (on manually).
Lyra’s Payment Change– Lyra’s payment switch is a robust and safe and secure platform that supplies permission and changing making it possible for a higher success rate and faster processing time for both offline and online deals.
It saves your company from connectivity and security problems by dynamically routing payment deals and revamping deal success rates.
White label option– Desired a tailored payment page? Do not fret, Lyra’s white label option uses organizations a tailored payment page and to mold it according to the business requirements and needs.
It rebrands the payment or service page in the trademark name. With the white label option, merchants can tailor the user interface, payment approaches, etc., and manage their client’s information.
It is easy to execute, gives the business a cost-effective approach, and definitely helps to make some brownie points from customers.
Along with all these and more features, Lyra also uses a 3D safe and secure plugin, Lyra MPI for banks to reduce the scams connected with digital payments.
With quick onboarding, simple integration, and absolutely no setup costs, Lyra takes control of your major obligation of handling transactions on a day-to-day basis.
With 40+ shopping cart plugins and 100+ payment techniques, Lyra’s services are designed and constructed for all gadgets.
With a recognized worldwide existence, Lyra provides multi-currency management.
Lyra likewise offers much-needed anti-fraud tools and chargeback management tools. Lyra assists merchants to gain access to tools customized particularly per their needs.
Get to know Lyra’s robust payment options.
LYRA products.
Your finance– our obligation.
From eCommerce site to call center, from payment through links to payment by means of email, from chatbots to IVR, Lyra’s payment options not only assist you to retain your clients however also helps to get brand-new ones.
So, what are you waiting on?
For high acceptance and success rates, a custom-made and dedicated service for your organization,
easy to integrate, easy to use applications, to provide customers with streamlined online deals and safe, easy circulation of the deal.
get on board with Lyra and leave the payment-related twist with us.
