5 reasons why you can’t add payments to your website
And one convenient solution that will appeal to both businesses and customers.
Reason 1: high-risk business. Some payment providers “watch their reputation”, which is why they refuse to cooperate with the high-risk category (read: they don’t want and don’t know how to solve typical payment problems of these businesses). So if your business is in a niche such as adult entertainment, online gambling, pharmaceuticals, or others, finding a payment processor that will agree to work with you can be a real quest. And among those who agree to provide high-risk acquiring, you will have to look for good conditions and adequate commissions.
Reason 2: compliance. We can talk about both legal issues (legality of business in a certain market, KYC/AML), and purely technical issues, such as the minimum number/volume of transactions. Some providers don’t partner with small projects because they make a profit from interest and don’t want to wait for the business to grow. Others work with small firms but impose many conditions, and failure to comply with them can lead to fines or termination of the contract.
Reason 3: chargebacks and refunds. Many payment services require customers to maintain a certain chargeback ratio, without actually helping partners to reduce this ratio. Often chargebacks and refunds are subject to additional fees. All this greatly affects the opportunities of high-risk projects, which have a noticeably higher risk of chargebacks and refunds than mainstream companies.
Reason 4: site architecture. Some older or more complex site architectures may not have an easy way to integrate payment modules, which can make it difficult for businesses to set up online payments. In addition, some site platforms may not have pre-built integrations for certain payment gateways at all, which can also create technical problems for companies trying to connect a payment module to their site.
Reason 5: low site or server bandwidth. Poor performance or site optimization can make it extremely difficult to connect a payment gateway. And don’t even start on limited or overloaded site server resources – in this case, the site simply cannot cope with the additional load required for the payment module to work.
Even though all these problems are caused by different reasons, for all of them there is a convenient universal solution – a payment bot in Telegram from Betatransfer. It allows you to conduct transactions directly in the messenger, which makes it an ideal solution for buyers, reduces the risk of fraud and chargebacks, and completely levels out problems with architecture and performance. And the best part is that you don’t need any special knowledge or complicated machinations to get started. Just leave a request on the Betatransfer website, get a step-by-step guide for installing and configuring parameters for your project – and start making transactions!