Why You Need PayCly and Its Internet Credit Card Payment Processing for Seamless Card Transactions in Malaysia?

The world is witnessing a trend toward using digital wallets for online payments. E-wallets will be responsible for 54% of the total online transactions in the world until 2026. As suggested by the FIS Global Payments Report 2023. In a time when the world has been blown up by digital wallets, Malaysia is still sticking to cards for the majority of online transactions. Yes, the majority of Malaysians use cards for online transactions. But with a different method called card online. According to the Consumer Payments Attitude Study 2022, card online is the most popular digital payment method in Malaysia, used for 70% of total online transactions. In this method, card details need to be entered instead of cards on a virtual terminal. Therefore, the term internet credit card payment processing has been coined to mark the usage of virtual terminals instead of traditional ones.

With card online options, consumers can easily pay with their cards from almost every possible location at any time, which makes it pretty convenient. Considering its convenience and popularity, embracing this payment method has become a necessity for Malaysian ventures. However, to embrace online card payments, businesses require an online payment gateway in Malaysia that can provide them with online credit card processing to accept payments via card online. Albeit, finding a reliable and efficient payment gateway with top-notch internet card processing abilities is a herculean task in a market like Malaysia that has limitless options.

But, as you know, there is a reason why experience is considered one of the most precious aspects. Considering the importance of experience, PayCly stands out as one of the best payment gateways in Malaysia for internet credit card processing services. In this blog, you will find out why you need PayCly for seamless card payment acceptance in Malaysia.

What makes PayCly the undisputed choice for internet credit card payment processing services in Malaysia?

The thing that makes PayCly the best option for internet or online credit card processing services in Malaysia is its payment processing solutions. Its payment processing solutions are based on research of the market’s trends and requirements. Have a look at a few of them:

Mobile compatibility

According to a research report by PPRO, 56% of Malaysians use their mobiles for online transactions. PayCly also found this trend in its own research conducted on the Malaysian payment landscape. This is why it knows the importance of providing a mobile-friendly online payment gateway in Malaysia. So that consumers can easily make purchases via virtual terminal using their cards. As a result of this addition, PayCly has now been listed among the best gateways in terms of payment convenience. Because of this, businesses that are in partnership with PayCly for online card processing have seen stability and growth in their customer base.

User-friendly checkout page

As mentioned earlier at PayCly, the convenience of making payments is at the top of our priority list. Therefore, we provide a user-friendly checkout page consisting of multi-lingual support, considering the multi-ethnicity of Malaysia. Including the official language of Malaysia, Malay, and government-recognized English. And other languages that have a significant number of speakers in the country, like Tamil and Chinese. Because of this multi-lingual support for internet credit card payment processing, clients of PayCly barely face problems like abandoned payments. This is proven by a study that shows customers prefer shopping on a website that has a check-out page in their mother tongue.

Safest payment processing infrastructure

Malaysia is a nation where digitalization has reached its peak in recent times. However, in the same period, cybersecurity threats are also at an all-time high in the country. According to a report published in ET CIO Southeast Asia in July 2022, on average, 31 cybersecurity cases like fraud, hacking, and data breaches take place in Malaysia. As per Cybersecurity Malaysia. In 2021, Malaysia lost RM560 million to cybercrime. Another report by KPMG says that Malaysia lost RM415 million to online scammers in the first seven months of 2022.

In such a hostile environment, every business seeks a payment service provider that can provide them with the assurance of online card transaction security, and PayCly does the same. It provides arguably the safest online payment gateway in Malaysia for internet credit card processing services. With security measures like a fraud monitoring system consisting of AI and machine learning-based fraud detection tools. These tools identify potential payment frauds, like fake chargebacks. PayCly also employs many sophisticated fraud-prevention technologies for online card payment security. Such as encryption, tokenization, and 3D security for transactions. PayCly also complies with the PCI DSS, the highest card detail security standard in the world to ensure the security of card details for consumers.

Multi-currency processing

Generally, multi-currency processing services are included in international credit card processing. But at PayCly, we provide this feature to our clients, irrespective of their business region. Because of multi-currency support, international transactions do not take too much time. Because of PayCly’s multi-currency support, businesses can accept payments in foreign currencies in much less time. Due to the overlapping currency conversion process. Placing out currency conversion from the payment processing equation helps reduce the time for payment settlement.

Conclusion

The internet credit card processing solutions provided by PayCly have a significant place in the card payment processing landscape of Malaysia. There is no single payment processing feature, which seems unnecessary, or businesses can easily accept payments via online card transactions without them. As a result, you will see PayCly standing in the row of online payment gateways that provide the best internet or online card payment processing services in Malaysia. This is why you need PayCly. Because, it’s quite obvious that every merchant wants the best payment processing solution for their business. Hence, you need PayCly if you want the best payment gateway for internet credit card payment processing to accept online card transactions seamlessly. 

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