E-commerce Payment Processing
Accept multiple payment types from your online business
If you manage an online business, the E-commerce payment process is critical to the overall shopping experience.
You can create a beautiful store, with great products but when it comes to submitting that “Make Payment” button, there is no room for error. With Payway PCI-compliant payment processing, you can:
• Offer a frictionless, secure payment experience
• Accept multiple credit card & digital wallet payment types
• Protect your business with fraud detection
• Get a lower cost per payment transaction due to cost-plus pricing
Future Proof E-commerce Payments with EMV 3D Secure
EMV 3DS solution authenticates cardholders for E-commerce transactions at the point of interaction on the web. As a result, the chargeback liability is shifted off the merchant account, and onto the card issuer.
Chargeback Liability Shift
Say goodbye to disputes. Authenticated transactions receive a chargeback liability shift and go straight to the issuer.
Increase Authorization Rates
Historically, authorization rates drop from 98% for in-person transactions to 84% for online purchases. However, Visa and MasterCard report up to 10% increase in authorization rates with EMV 3DS.
PSD2 / SCA Compliance
By 2021, the EU’s Payment Service Directive (PSD2) will require merchants to implement strong customer authentication (SCA). We make compliance simple.