{"id":6339,"date":"2022-01-08T14:53:06","date_gmt":"2022-01-08T09:53:06","guid":{"rendered":"https:\/\/smartchoice.pk\/blog\/?p=6339"},"modified":"2022-01-10T18:14:37","modified_gmt":"2022-01-10T13:14:37","slug":"the-best-payment-gateways-for-e-commerce-businesses-in-pakistan","status":"publish","type":"post","link":"https:\/\/smartchoice.pk\/blog\/2022\/01\/the-best-payment-gateways-for-e-commerce-businesses-in-pakistan\/","title":{"rendered":"The best payment gateways for e-commerce businesses in Pakistan"},"content":{"rendered":"

The eCommerce industry is in its early stages, making it vital for businesses to launch their businesses as soon as possible to take advantage of this emerging market. A crucial element for any business is accepting and processing payments. It is a key factor for many online businesses as it is a key factor to attract and retain customers.<\/p>\n

Payment gateways<\/a>\u00a0play a significant role in the eCommerce industry in Pakistan. Businesses often face the problem of finding the best payment gateway for their stores when they have to sell their products or services online.<\/p>\n

We are here to help you shortlist a potential payment partner by giving you a list of the best payment gateway in Pakistan.<\/p>\n

Payment Gateways<\/h1>\n

\"Payment<\/p>\n

Before we list the payment gateways, it is necessary to know what an online payment gateway is and how it works. Simply put, a payment gateway is a system through which payments (usually online) are managed and their details transferred to the concerned banks.<\/p>\n

Usually, when you buy things online, you give in your credit<\/a> or debit card<\/a> details on a special payment portal that opens after you opt to pay. This secured portal is the front face of the payment gateway. A payment gateway works as a liaison between a buyer, seller, and the seller\u2019s bank.<\/p>\n

As technology has expanded, so have security concerns about financial data security. With online commerce growing in popularity, no one wants to have their financial data at risk. This has increased the focus on having an effective payment processing system that secures both the buyer and seller from financial crime.<\/p>\n

The primary purpose of payment gateways is to ensure security and facilitate smooth and low cost digital transactions. With the growth of eCommerce, the demand for accessible, safe, and secure transaction processing is a growing focal point for Pakistani consumers and entrepreneurs. E-commerce stores, online retailers, online booking, and reservations providers for travel sites are all examples of businesses that need to accept online payments from their clients.<\/p>\n

Payment Gateways <\/strong>managed by Banks <\/strong>in Pakistan <\/strong><\/h2>\n

\"Online<\/p>\n

Since payment gateways are the digital versions of banking services<\/a>, several banks provide online payment processing services. Since payment gateways can be taken as the digitization of a bank’s key business, it makes sense for banks to specialize in this segment.<\/p>\n

At present, three banks are offering online payment gateway services. These are HBL, MCB and UBL.<\/p>\n

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HBL Internet Payment Gateway<\/span><\/h3>\n

\"HBL<\/p>\n

HBL Internet Payment Gateway<\/a> allows vendors to link their website or online store, mobile app & Facebook shop to receive payments through Visa, MasterCard, and UnionPay Credit and Debit cards.<\/p>\n

This linkage covers local and international cards. Businesses can receive payments from their customers through their website directly through this service. The state-of-the-art solution uses a 3D-Secure platform for increased security. There are also fraud management tools built in to add a layer of protection from internet hacking and fraudulent transactions.<\/p>\n

Key Features<\/h4>\n