Payment Gateway with fast payment processing system and settlement – PayKun
Customer Expectations – Fast Payment Processing
Any customer while making an online payment Gateway would look for security, confidence, and speed. The technology has pampered the customers so much that it has affected their patience level too. They would lose it if the processing is slow or it is interrupted. It is necessary that the businesses keep up with their customers’ habits and demands or it would simply result in the customers backing out from making the payment and fail the customer-relation for good. The ultimate solution for this is the fast processing payment gateway.
Merchant Expectations – Fast Settlement
Another important aspect of a payment gateway is the fast settlement facility to the merchants. The businesses require finances especially the small enterprises and the startups require a continuous flow of the funds. So, they are unable to afford their payments being blocked for a longer period of time. They require that the settlements credited in a reasonable duration. Except for the suspicious businesses, there is no reason to not to process the speedy settlements.
PayKun Payment Gateway – Fulfilling the Expectations
One such is PayKun payment gateway. It has been developed with the prime intention of ease of access and integrity and so along with many other features it provides the fastest processing of the payments and highest successful transaction rate. Its checkout process and the transaction alert/notification is swift and with the friendly user interface. The rate for getting the transactions failed is only 5%.
It also provides fast settlement facilities. The maximum time period allowed by the RBI for retaining the merchant funds in the Acquiring bank is T + 3 Working Days (T is the transaction date). PayKun adheres to that, and it provides from T + 1 to T + 3 Working days of the payout cycle.
There is no meaning for any payment gateway in retaining the money of the merchant because as per the RBI guidelines, the payment gateways need to keep an account in a Nodal Bank (Acquiring Bank) and its sole purpose is to receive the funds from the customers and credit the same to the respective merchants. They cannot be used for any other purpose.
However, as per the RBI, the customer’s protection is also essential so to make sure their interest is maintained and the products and services they have paid for would be provided, for that T + 3 working day is set as an ideal time period. However, PayKun has the fast settlement option for the genuine merchants up to T+1 Working Days.
Other PayKun Bright Sides
Cheapest Payment Gateway
The merchants can avail of their services at the lowest rates in the market among other online payment solutions. There is only a per-transaction fee of flat 1.75 % plus applicable taxes on that. There is no charge for setup, integration or maintenance too. And guaranteed no hidden fees after that.
120+ Payment Options
There are multiple payment methods provided, may it be a checkout, a payment button or a payment link. The customer can pay with more than 120 online payment methods and can choose their preferred payment mode.
Payment Options provided:
- Debit/Credit cards, Master Card, Visa, AMEX, Diners Club, RuPay
- 80+ Net Banking
- Wallets like Paytm, Mobikwik, Jio Money, PhonePe, Ola Money, FreeCharge, Amazon Pay
- QR Code
- Payment Link
Secured and Safe
PayKun follows strict security and safety standards. There is always a fear in an online payment that the sensitive data and the funds are in danger. Due to the prevailing cyber crimes, online thefts and hacking, it is needed that only a secured payment gateway is used otherwise it will affect the reputation of the business and create a long term credibility loss.
PayKun stands by the below security compliances and benefits:
- Its reputation and image are positive which gives the customer confidence to make the payment when it looks up the name of PayKun at the checkout.
- PCI DSS Level 1 Compliant
- AES 256 BIT Encryption Standards,
- SSL Certified
In short, it is impossible to steal from.
PayKun provides the integration documentation guide and it has its available plugins and SDKs available for free online. However, you need not have any technical knowledge to use PayKun. These integration kits make it very easy to integrate PayKun into your website or mobile application. It supports all the major platforms like PHP, Magento, Android, iOS, WordPress, Ruby, Python, .Net, Node JS, Java, WHMCS, Prestashop, Opencart, etc
With the help of Payment links and Master Links of PayKun, you can collect the online payments without a website.
These are to be copied, pasted and sent through any possible medium like emails, messenger, etc from the PayKun merchant dashboard.
Apart from all these features, it provides fast onboarding and very responsive support which is very much essential when the money is in question.