Dubai Payment Gateway: Your Small Business Needs It

As a small business owner in UAE, a Dubai payment gateway is essential for you to maintain high cash flow.

As an online merchant, opting only for cash on delivery will take a toll on your cash flow. Accepting payment online will allow you to save time, ensure better customer experience and also help save your customers’ time and efforts. When you only allow physical transactions, cost can be high, but if you opt for online payment, you can make invoicing a hassle-free process. You also do not have to worry about depositing cash into your bank account or wait for a cheque to clear.

Why Should Small Businesses Go in for a Dubai Payment Gateway?

With Dubai prepping for the World Expo 2020, all eyes are on the city. It is a haven for expatriates, who come to live and work in the city, and leisure travellers. Dubai is a business and commercial hub in the UAE and the Middle East. As a result, small and big businesses are performing well. With investor-friendly laws, many entrepreneurs and investors flock to Dubai to set up their venture and sell their products or services locally and internationally. Such businesses will benefit from a Dubai payment gateway, especially if it is an ecommerce business.

If you are wondering why your small business operating in Dubai should invest in a payment gateway, here are some compelling reasons to convince you:

Agility: A payment gateway allows you to streamline payments, and by choosing a gateway that accepts multiple currencies, you will gain a competitive edge.

Higher Customer Loyalty: Research has shown time and again that consumers prefer shopping online for a product or service. By accepting online payment, you offer a smooth shopping experience to your customers and ensure more loyalty and increased footfall on your website.

Cost Savings: Online payment gateway allows you to reduce your operational costs and you can use the savings to improve and grow your business. It also helps you save time, as the entire process of invoicing and accepting payments is automated.

Improved Cash Flow: With payments flowing in online directly into your account, your business does not face money crunch. It helps you plan your operations and future strategies without worries.

Easier Account Reconciliation: Since the purchases happen online, you can easily reconcile your account with the information available on the payment gateway and your bank account.

Choosing the Right Payment Gateway

It is essential to find the right Dubai payment gateway for your business if you want to succeed in the industry you are operating in. With ecommerce and online sales booming, it is best to opt for an online payment gateway that allows quick integration and deposit of funds, provides anti-fraud protection, customised pricing and is PCI-DSS certified. You should also ensure that the payment gateway services provider offers stellar customer care so that you can resolve any issue that may arise in a prompt manner. Compare the fees featured by different payment gateway providers before you zero in on one.

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