Adopting An Experience-Driven Payments Platform: 4 Worries You Can Leave Behind

Have you ever wondered why businesses need experience-driven payments platforms to provide positive checkout experiences? Well, they offer smoother and more user-friendly checkout experiences that businesses need to reduce cart abandonment and increase conversion rates. Now, businesses might be thinking, “Can't we design our own?” The answer is “Yes, you can.” But the fact is, the benefits outweigh the cons, these are benefits such as reduced development costs, greater control over the checkout experience, and the ability to tailor-make the payments ecosystem to match their brandings perfectly.

Yet, providing positive payment experiences has far more details businesses may not have considered, and it may be blindspots that block the business growth. So what's the best way to avoid payment confusion? Adopt a payment service provider’s hosted checkout experience! We are experts in all things payment processing. Beam can handle all the hard work for you, so you can focus on what you do best: running your business.

Let's check out some of the stuff you can finally say goodbye to when leaving your payments platform to us, the experience-driven payments platform:

Designing the checkout experience

Alright, imagine this: Your business is looking to create the perfect payment experience, but you're stuck in a maze of checkout design mayhem. For example, all the possibilities of the checkout journey and what commonly encountered challenges you may have. To ensure smooth user flows with aesthetically pleasing visuals, that’s where the payments platforms are ready to jump in. A payments platform can save you a ton of time and hassle since we have it all covered with experience in designing an effective payments platform. We’ve done tons of research and countless tests to come up with minimal yet friendly designs that won’t clash with your branding. Beam’s mission is to blend practicality and fun like peanut butter and jelly, ensuring your shopper keeps coming back for more. No doubt the customers will be satisfied with the well-designed and simple journey which enhances positive user experiences.

Coding for the payment methods integration

Hands up if coding makes you break in a cold sweat! Don’t worry because the payments platforms are here to help you deal with all the complicated stuff. They swoop in to integrate payments platform capabilities into businesses’ websites which saves a significant amount of time and resources. Beam as an experience-driven payments platform assists businesses with encrypting card data, transferring it to a payment acquirer, receiving authorizations, and making your online payment acceptance go from zero to hero in no time. This ensures a smooth and secure transfer of funds from the customer's payment method such as credit cards and e-wallets to the merchant's account, without the need for you to connect to each acquirer one by one.

Moreover, we enable one-click checkout, which helps enhance conversion rates by making the process as quick and simple as possible. There’s more, we've got many payment options such as cards, e-wallets, mobile banking, installments – you name it, we've got it. Varied payment options mean your customers will be so happy since we make it easier for them to pay.

Maintaining a high level of system stability and uptime

Just think of the time when the shoppers are about to check out then your payments platform decides to take a coffee break, that doesn’t look good right? Especially if the break happens during peak days like the beginning or end of the month when everyone’s wallets are feeling extra jingling, or during double-digit sales days, businesses can lose the opportunities to increase their revenue and boost their profits. Sometimes, the system can crash down so it is best to rely on the payments platforms to handle transactions efficiently and reliably. For example, we include redundant systems, which means that if one is down, another can take over to continue the tasks at hand. Following that is load balancing, which distributes traffic across multiple servers and prevents one from being overloaded and crashing. Monitoring and maintenance of the platform are also critical. We monitor its performance 24/7 and perform regular checks to ensure it can run smoothly and efficiently. If there's a glitch in the matrix, we tackle it before you even notice.

Compliance with PCI DSS (Payment Card Industry Data Security Standard)

Safety always comes first. PCI DSS compliance is like a knight coming to protect sensitive cardholder data like card numbers, names, addresses, and so on. Ever wondered what it’s like to get a PCI DSS compliance badge? QSAs (Qualified Security Assessors) have to audit the security of your payment. You’ve got to check off all current 12 requirements to keep the cardholders’ data safe and sound. Don’t think it’s a one-and-done deal because you will need to reassess and keep up with required updates every year as you grow. Since shoppers expect businesses to protect their data and keep transactions as secure as possible, that's where we proudly strut in with our PCI DSS compliance badge. This helps boost customer confidence by demonstrating to shoppers that the businesses are committed to securing their data. Shoppers feel safe, they spend more, and everyone's happy.

These are just a few of the advantages that payments platforms can offer as the payments landscape expands. Nevertheless, Beam as one of them will continue to be a problem solver for all types of businesses to boost your brand sales growth, credibility, and relationship with shoppers with our experience-driven payment services. We've got your back, and we promise to keep the shopping spree going non-stop!