Acquiring for an online store: basics and advantages
Financial transactions in e-commerce are like mysterious puzzles...🧩 The pieces are mixed in the Internet space, waiting to be connected. And this process of the system is of particular interest - acquiring! What is it and how does it work in the world of online stores? Hold on tight: today we will reveal the secret of acquiring in e-commerce! We will talk about payment systems that can be connected, and about the ammunition that acquiring will bring to your business... Welcome to the world of safe puzzles - online payments! 🔥
Acquiring is the process of accepting and processing payments using bank cards in online stores.
Internet acquiring is a specialized service that allows online stores to accept online payments from customers.
Payment system - a company or organization that provides services for accepting and transmitting payments between buyers and sellers.
Acquiring fee is a fee that an online store must pay to the acquiring service for processing payments and processing data.
Connecting Internet acquiring - the process of integrating a payment system with an online store so that it can accept payments through selected payment system.
Ukrainian Internet acquiring services are companies in Ukraine providing Internet acquiring services for local Internet shops.
What is electronic acquiring and why is it important for online stores?
Electronic acquiring is the process of processing electronic payments, which has become an integral part of the operation of online stores. It allows entrepreneurs to accept secure and convenient online payments from customers, making the payment process secure and simple.
To understand the operation of electronic acquiring, it is necessary to imagine how it replaces traditional payment terminals and the difficulties associated with them. Instead of being physically present in the store and using a payment card, the client can make purchases online using Internet acquiring, improving the efficiency of the online store and increasing its revenue.
How does electronic acquiring work?
While online in an online store, the client adds products to the cart and proceeds to checkout. On the payment page, he is asked to select a convenient payment system - Visa, Mastercard, Yandex.Checkout and other popular payment services.
After selecting a payment system, the client is redirected to the payment service page, where he enters his data and confirms the payment. After confirmation of payment, funds are transferred from the buyer’s bank card to the online store’s account.
The obvious advantage of such a system is convenience and safety. Now customers don't have to worry about providing their credit information directly on the store's website. All financial transactions go through reliable payment services that ensure confidentiality and data protection.
The role of payment services and their advantages
Payment services play an exceptional role in the process of electronic acquiring. They serve as intermediaries between online stores and financial institutions, facilitating online payments and financial management.
One of the main advantages of working with payment services is their role in taking care of the security of online store owners. Payment services provide protection against fraud and financial risks, and provide tools for maintaining accounting and financial documentation.
Payment services have a flexible system of commissions and tariffs. Owners of online stores can choose the most profitable tariff plans that match the volume and nature of their business.
Using electronic acquiring in e-commerce
Using electronic acquiring has a number of significant advantages for the Internet -shops. Here are some of the main reasons why online store owners cannot do without electronic acquiring.
1. Increase conversion and sales
Providing convenient and secure payment methods encourages customers to make purchases.
2. International opportunities
Electronic acquiring allows you to accept payments from clients from all over the world, expanding the boundaries of your business and increasing its audience.
3. Simplifying financial accounting
Payment services provide detailed reports and tools for maintaining financial records, which greatly simplifies accounting processes.
4. Fraud protection
Payment services actively combat fraud and have systems that can detect and prevent potential risks.
🔥 Review: practical benefits of electronic acquiring - what is useful and what is not?
|What's useful ✔️
|What not to do ⛔
|Convenient and secure acquiring process
|Connect unreliable payment services
|Expanding business boundaries through acquiring
|Ignore updates and new opportunities
|Simplification of accounting, business automation
|Do not train staff to work with acquiring
|Protection against cyber fraud, attacks
|Use one single payment system
|Increase conversion and sales
|Don't follow customer reviews, testimonials and comments
Conclusions: the use of electronic acquiring
The use of electronic acquiring is necessary for the successful and transparent operation of an online store. It allows you to provide customers with convenient and secure payment methods, and store owners to expand their business, increase conversion and work efficiency. When choosing electronic acquiring, you should take into account the recommendations and pay attention to the reputation and reliability of payment services.
Electronic acquiring is an integral tool for an online store, providing convenience and security when making online payments. Do not underestimate its importance and benefits, as it contributes to significant business development and increased customer confidence.
How does acquiring work for an online store?
Acquiring is the process of accepting payments in an online store, carried out through special payment systems. It has become an integral part of e-commerce and allows entrepreneurs to effectively interact with customers, offer various payment methods and significantly expand their customer base.
The role of participants in the acquiring process
To better understand the principle of acquiring in an online store, let's look at the main participants in the process.
Buyer. A person who wants to make a purchase in an online store and pay for it. The issuing bank issues a payment card that the buyer will use.
Seller. An online store in which the buyer selects products and makes purchases.
Issuing bank. An institution that issues payment cards to customers.
Acquiring bank. A bank that accepts payments from a buyer in an online store.
Payment system. An intermediary between the acquiring bank and the online store through which money is transferred.
Payment service. A company that provides acquiring services and regulates the interaction between all of the above parties.
When making a payment in an online store, the buyer enters his bank card information, after which the payment service processes the information and sends a request to write off funds to the appropriate bank - issuer. The issuing bank, in turn, checks the functionality of the card and the availability of the required amount in the account. After confirming the payment, the acquiring bank requests a debit to the seller's account.
The need to use acquiring
For online stores, using acquiring has a number of advantages:
Security. Payments are made through secure and reliable payment systems, which minimizes the risk of fraud and unauthorized transactions.
Convenience for customers. By offering various payment methods, an online store makes the purchasing process easier for its customers, which increases the likelihood of completing a transaction.
Scalability. Acquiring allows online stores to quickly scale and accept payments from almost all over the world.
Analytics and accounting. Acquiring systems provide detailed analytics on payments, which helps online store owners better understand the preferences of their customers and optimize their business.
One of the main aspects of acquiring for online stores is the commission that must be paid for providing of this service. The size of the commission may vary depending on operating conditions, the volume of turnover of the store and the selected payment service.
Typically the commission is approximately 2-2.7% of the payment amount. However, some payment services offer different rates and conditions for working with online stores. For example, monobank offers the lowest commission for Internet acquiring on the market.
It is necessary to take into account that the acquiring commission is not the only cost item for an online store. In addition to this, other costs may arise, such as a subscription fee for using a payment service or setting up additional functions.
🔥 Best practices and tips for using acquiring:
Before choosing a payment service, carefully study its terms and fees in order to choose the most profitable option for your online store.
Use various payment systems and offer your customers the opportunity to choose the payment method that is most convenient for them.
Keep your online payments secure by using two-factor authentication systems such as SMS codes or one-time password apps.
Analyze payment data to optimize your online store and improve your customer experience.
Conclusions: uh sourcing is a service for your business!
Acquiring is an indispensable tool for online stores, allowing them to accept payments quickly, efficiently and securely. Interaction between buyers, sellers, banks and payment systems is carried out thanks to a secure payment service.
When using acquiring, you must take into account the commission for providing this service. The size of the commission depends on the operating conditions and turnover of your online store. You need to choose a payment service that provides the most favorable conditions for your online business.
By choosing the optimal payment service and setting up acquiring correctly, you can ensure convenience and security for your customers, increase the efficiency of your online store and expand your customer base.
✔️ Remember! Carefully choose a payment service and the commission for using acquiring services. Consider the turnover and needs of your business, analyze payment data and involve customers in a convenient payment process for orders.
How to connect Internet acquiring ?
Internet acquiring is an important tool for e-commerce. Connecting acquiring to your online store allows you to accept payments from customers online and ensures reliable security and ease of interaction with your platform. In this section we will look at how to connect Internet acquiring and what actions need to be taken.
Selecting a payment service
The first step when connecting to Internet acquiring is choosing the appropriate service. In addition to the size of the commission, pay attention to the requirements of the payment service for your online store.
To choose the right service, consider the following points:
- What payment systems does the service provide?
- Does the payment service meet your security and usability requirements?
- Does the service work with your preferred banks and payment processors?
- Does the service offer the functionality you need for your online store?
Registration on the site and creating a company profile
After choosing a suitable service, you need to register on its website and create a profile for your company. At this stage, you will need to provide basic information about your business, as well as provide bank details. If you work as an individual or legal entity, you may also need to sign an agreement with the payment service.
Connecting acquiring to the site
There are two main ways to connect Internet acquiring to your site : using integrations and APIs.
Many payment services offer ready-made integrations with popular platforms for creating online stores, such as Shopify, Magento, WooCommerce and others. This option is the most preferable since it does not require special programming skills. By choosing the desired integration, you can easily and quickly connect acquiring to your website.
If you have technical skills and prefer a more flexible and customizable approach, you can use the payment service API to connect online acquiring. This method may require additional programming, but also allows you to fully control the process of interacting with the payment service.
Setting up the payment service
After successfully connecting Internet acquiring to your website, you get access to setting up the payment service through your personal merchant account. In this account you can set various parameters and functions, including:
- Setting limits for the amount of payments.
- Setting up payment alerts.
- Management of write-offs and returns.
Don't forget to regularly check and update your payment service settings to ensure the efficient and secure operation of your online store.
Conclusions: the benefits of connecting to Internet acquiring
Connecting Internet acquiring to your online store will make the process of accepting online payments more convenient for both you and your clients. Selecting a suitable payment service, registering on its website, connecting to your website using integrations or APIs, and setting up through the merchant’s personal account are all the main steps to take advantage of acquiring benefits in the e-commerce environment.
Remember: the correct selection and configuration of acquiring can significantly increase the level of sales and customer satisfaction of your online store!
✔️ Expert advice : "When choosing a payment service, pay attention to its reputation and reviews from other users. Also consider the characteristics of your business and its needs for functionality. Compare the conditions and fees of various services to choose the optimal solution for your Internet store." - Frederick Archbow, Benchmade, USA
🔥 Review: Internet acquiring connection - what to do and what not to do?
|What to do ✔️
|What to avoid ⛔
|✔️ Carefully study the terms and conditions of payment services
|❌ Do not ignore the service requirements for your website
|✔️ Check the reputation and reviews of payment services
|❌ Don't forget to update your acquiring settings
|✔️ Consider using ready-made integrations
|❌ Don't make a decision based on price alone
Connecting online acquiring to your online store is simple and effective, especially if you choose the appropriate payment service and follow the setup recommendations. Consider your business needs and customer preferences when choosing a solution, and you can maximize the benefits of e-commerce.
Ukrainian payment services for Internet acquiring
Integration with payment services is an important part of the life of a successful online store! After all, in order to receive payments from clients, he must be able to accept payments using various payment systems. There are several popular services in Ukraine that provide Internet acquiring services. Let's look at some of them and see how they work.
Monobank is a Ukrainian bank that offers original Internet acquiring solutions. It has a simple and intuitive interface that even a beginner can easily understand.
The Monobank service allows you to accept payments through special API tools, which are very convenient for integration into your online store. Thanks to this, you will be able to connect payment using Monobank in the shortest possible time and start accepting payments from your clients.
Advantages of acquiring with Monobank:
- High speed of transactions;
- Low commission;
- Safety and reliability;
- Simple and user-friendly interface;
- Support for various payment systems;
- Maximum adaptation for your online store.
The next Ukrainian payment service for Internet acquiring is Portmone. It provides owners of online stores with the opportunity to accept payments through various payment systems such as Visa, Mastercard, Privat24 and others.
Portmone has a simple and intuitive interface that allows you to quickly configure and integrate the payment module into your online store. It also offers additional reporting and payment management tools.
Advantages of acquiring with Portmone:
- Wide selection of payment systems;
- Quick setup and integration;
- Convenient interface for administration;
- Reliability and safety;
- Flexible system of tariffs and commissions.
Service WayForPay is one of the most popular payment systems in Ukraine. It provides a wide range of options for accepting payments in an online store. With WayForPay you can accept payments using credit cards, electronic money and other payment systems.
WayForPay has a simple and intuitive interface for setting up and integrating the payment module with your online store. It also offers additional analysis and reporting tools to help you stay on top of your business.
Advantages of acquiring with WayForPay:
- Flexible setup and integration system;
- Wide selection of payment systems;
- Simple and intuitive interface;
- High speed of payments;
- Reliability and safety.
Innovative payment service LiqPay provides ample opportunities for accepting payments in online stores. LiqPay allows you to accept payments using both bank cards and electronic money.
The LiqPay service has a simple and intuitive interface, it allows you to quickly set up payment modules and make payments without any hassle. LiqPay also offers a wide selection of payment systems and additional features to manage your payments.
Advantages of acquiring with LiqPay:
- Quick and easy setup of payment modules;
- Wide selection of payment systems;
- Convenient interface for administration;
- Minimum commissions and high speed of transactions;
- Guaranteed payment security.
✔️ Expert advice: "When choosing a payment service for your online store, It is recommended to take into account not only its functionality and convenience, but also tariffs and fees for making payments. Carefully review each service's offerings and evaluate which one best suits your financial capabilities." - Kevin Skorsky, Burberry, England
🔥 Review: comparative table of acquiring services
|High speed of transactions, low commission, simple and user-friendly interface
|Limited support for payment systems
|2% commissions per transaction
|Wide selection of payment systems, quick setup and integration
|High commission for accepting payments through Privat24
|From 2.5% to 5.5% commission for one transaction
|Flexible setup and integration system, wide selection of payment systems
|High commission for withdrawal of funds
|From 1.00% to 5.99% commission per transaction
|Quick and easy setup payment modules, a wide selection of payment systems
|High commission for using the API
|From 2.75% to 4.75% commission per transaction
Conclusions: choosing acquiring service is the path to success!
Choosing a payment service for your online store depends on your needs and preferences. Evaluate functionality, usability, and fees to make the right choice and ensure payment success in your online store.
Now that you have become familiar with some popular Ukrainian payment services for Internet acquiring, you can take into account their advantages and features when choosing a service for your online business.
We wish you successful payments and prosperity for your online store!
Why use acquiring on ELBUZ?
Acquiring is an integral part of e-commerce. It allows online stores to quickly accept online payments, provides convenience to customers and increases their confidence in the business. You can implement acquiring on your website quite easily and simply, especially if the platform offers ready-made integrations with payment services.
✔️ ELBUZ is the leading platform for creating and promoting online stores in Ukraine! We have made sure that our clients always have simple and reliable access to the best Internet acquiring services. Connecting acquiring to ELBUZ is a profitable and correct solution that allows you to effectively manage payment transactions and develop your online business even more dynamically.
Ease of acquiring ✅
When you open an online store, one of the main tasks is ease of payment for your clients. Payment services integrated with acquiring allow you to accept payments online in various ways, be it bank cards, electronic wallets or other payment systems. This gives your customers the opportunity to choose the payment method that is most convenient for them and make purchases without restrictions.
Acquiring is not only convenient for clients, but also for you, as the owner of an online store. It allows you to automate and simplify the entire process of accepting payments; acquiring also provides access to information about all financial transactions on your website. You can easily track payment statistics, control sales and manage financial flows. This allows you to effectively run your business and make informed decisions for its development.
Payment systems available on ELBUZ 🏧
ELBUZ provides a wide selection of payment systems for connecting to your online store. Among them:
Visa and MasterCard. The most popular and widespread payment systems that allow you to accept payments using bank cards. Connecting to these platforms guarantees a high level of security and reliability for you and your client.
LiqPay. Ukrainian payment system that allows you to accept payments through various payment channels, including bank cards, e-wallets and mobile payments. Connecting LiqPay to ELBUZ also provides convenience and flexibility for you and your clients.
Privat24. One of the most common and popular payment methods in Ukraine. The Privat24 connection allows clients to make payments through Internet banking and the PrivatBank mobile application. This is convenient and fast for users, since they do not need to enter their bank card details or log in to the payment system website.
Benefits of acquiring for e-commerce 💻
Expanding your customer base ✔️
Accepting payments through various payment systems allows you to reach a larger audience and attract new customers. Convenient and secure payment methods are one of the factors influencing a buyer’s decision to place an order in your online store.
Increasing business confidence ✔️
Using acquiring signals the professionalism and reliability of your business. Customers see that you care about safety and comfort when shopping.
Convenience and flexibility ✔️
With acquiring, you can offer a variety of payment methods to meet the needs of each customer. This is important, since each person has his own preferences when paying for goods and services.
Financial management ✔️
Acquiring provides convenient access to information about financial transactions. You can easily track payment statistics, control sales and manage financial flows.
🔥 Review: acquiring for e-commerce - what to do and what not to do?
|What to do ✔️
|What not to do ⛔
|Connect acquiring on ELBUZ
|Trust little-known platforms and services
|Access to the best payment systems
|Use complex and unreliable payment systems
|Convenience of shopping for your customers
|Limit yourself to one payment option
|Manage financial transactions
|Lack of analytics and statistics on online payments
Conclusions: acquiring for e-commerce on ELBUZ
Acquiring is an essential element of a successful online store! It provides ease of payment for customers, increases confidence in your business and helps you manage financial transactions effectively. ELBUZ provides easy integration with the best payment systems in Ukraine, which makes acquiring accessible and easy to use. We will help you create a successful online store and ensure an easy and reliable payment acceptance process, contact us! ✔️
Description of the client, his business and goals
Shiseido is a world leader in the cosmetics and perfume industry. It was founded in Japan back in 1872 and since then has gained a high reputation and recognition throughout the world. Shiseido produces a wide range of products, including cosmetics for face, body and hair, as well as exclusive perfume compositions.
The company's main goals in the context of using acquiring for an online store include:
- Expanding its presence in the international e-commerce market;
- Increasing convenience and safety for customers when making online purchases;
- Increasing sales and market share in the industry.
Formulation of the main task
The main task was to create an integrated Internet system -acquiring so that Shiseido customers can make online purchases safely and conveniently. This included addressing the following issues:
- Selecting suitable payment systems and acquiring services vendor;
- Integration of the acquiring system with the company’s online store;
- Minimizing commission fees and ensuring competitive prices;
- Ensuring the security and privacy of client data.
Description of the target audience and their interests
The target audience of "Shiseido" includes a wide range of potential clients, mainly women of various age groups who are interested in fashion, beauty and personal care. They are looking for quality and innovative products that will help them look and feel great.
Key points that may be of interest to potential clients include:
- Quality and safety of Shiseido products;
- Online shopping convenience;
- Variety of choice and personalization of orders;
- Fast and reliable delivery;
- Attractive promotional offers and bonuses for regular customers.
Facts, figures and specific results of the project
As a result of the implementation of the Shiseido Internet acquiring system, the following results were achieved:
- Increase in online sales by 25% in the first 6 months after implementation of the system;
- Reducing payment processing time and simplifying the payment process for customers;
- Reducing payment refusal rates and improving user experience;
- Increasing the company's market share in the industry.
Project results overview table:
|Increase in sales
|Payment processing time
|Reduced by 30%
|Payment refusal rate
|Reduced by 15%
|Increased by 10%
Using the online acquiring system from "Shiseido", customers were able to buy high-quality perfumes online with maximum comfort and safety. Shiseido has significantly increased their sales volume and their competitiveness in the e-commerce market, allowing them to reach even greater heights in the beauty products industry. ✔️
🔥 Video review: SHISEIDO Pharmaceutical Company plant. Collaboration between BEVERLee and SHISEIDO Ph.Co.LTD
🔥 Frequently asked questions on the topic: “Acquiring for an online store: what is it and how does it work?”
What is acquiring and why does an online store need it?
Acquiring is the process of accepting payments through bank cards in an online store. It allows customers to shop online, streamlines the payment process and enhances the customer experience.
How does acquiring work for an online store?
When placing an order in the online store, the buyer selects the payment method using a bank card. The card data is entered into a secure acquiring system, which communicates with the payment system and the client’s bank to complete the transaction. After successful confirmation of the payment, the funds are transferred to the online store account.
What payment systems can be used with acquiring?
With acquiring you can use various payment systems, such as Visa, MasterCard, American Express, PayPal and others. It is important to choose payment systems that are suitable for your online store and most convenient for your customers.
What are the benefits of acquiring for e-commerce?
Acquiring allows online stores to accept payments via bank cards, expanding their customer base and increasing sales volume. It also ensures payment security, which reduces the risk of fraud and simplifies the accounting and reporting process.
What is Internet acquiring?
Internet acquiring is a form of acquiring that allows you to accept payments online through an online store. It integrates with the structure of the store itself and ensures the transfer of payment data between the client, the online store, the payment system and the bank.
What is the acquiring fee?
Acquiring fees may vary depending on the provider or bank you choose. It usually consists of a fixed percentage of the payment amount and an additional fee for each transaction made. Details about the commission are always provided on the acquiring provider’s website or in the contract.
How to connect online acquiring for my online store?
To connect to Internet acquiring, you must contact acquiring service providers or the bank where you have a current account. They will provide the necessary information about the requirements, connection procedure and documents that will be required to complete the contract.
What Ukrainian Internet acquiring services can I use?
In Ukraine, you can use various Internet acquiring services, including Portmone, LiqPay, Fondy, Platon, WayForPay and others. Each of them has its own characteristics and terms of cooperation; the choice depends on your needs and requirements for the payment system.
Can I withdraw money received through acquiring to my account?
Yes, you can withdraw money received through acquiring to your account. To do this, you need to contact your acquiring provider or the bank from which you receive the acquiring service. They will carry out the procedure for transferring funds to your account.
Thank you for reading mindfully and becoming a true professional! 🔥
Now you, dear reader, have thoroughly understood the topic of acquiring for an online store. You not only know the basic concepts and operating principles of this system, but also understand how to use it to benefit your business. Are you ready to open your own online store or improve your existing one?
Having become familiar with the advantages of acquiring, you have gained the freedom to choose payment systems and are ready to confidently accept credit cards for payment from clients from all over the world. Your business has become faster, more convenient and more reliable for your customers!
Don't forget that knowledge needs to be constantly updated and improved - follow changes in the world of acquiring, experiment with different payment systems and always strive for the best!
The world of e-commerce awaits you! Success and prosperity to your online store! 🔥