It is a variety payment methods For electronic stores, this is essential to their success. This diversity helps meet the desire of all customers in terms of payment. And responding to the strong demand in the Egyptian market for electronic payment, which has become the ideal means of payment for a wide segment of Egyptian customers.
In the article, we discuss the best payment channels for online stores in Egypt for the current year, the approximate prices of these channels and their featuresFinally, some tips and instructions that you can follow when choosing payment channels for your online store in Egypt.
Approximate prices of payment channels for online stores
The multiplicity of payment channels for the online store follows a variation in prices and costs resulting from this choice depending on the differences in the services provided by each service. Prices range approximately between 2.75% of the amount collected and 2.9% of the total transaction value.
See also: Steps to create and design a free online store in Egypt
How to choose the appropriate payment channel for your online store
How to choose the appropriate payment channel for your online store
Choosing the right and best payment gateway is a prerequisite for ensuring a satisfactory experience for your customers that will prompt them to return to your store and buy again, and create a sense of loyalty in them to you and your store. However, achieving this is a difficult challenge; Because this field is characterized by a constant state of development, it is not easy to keep up with it.
See also: AThe best shipping and delivery companies for electronic stores in Egypt
To make it easy for you, take these six points into consideration when choosing the appropriate payment channel for your online store:
- The cost you will pay should be proportional to the service you will receive.
- The payment gateway should support the countries and currencies it targets.
- The e-commerce payment gateway should be scalable, highly secure, and secure your customers’ data sufficiently by taking into account information security standards such as PCI-DSS.
- The payment process should be simple and available on all mobile devices and networks to ensure a satisfactory experience for your customers.
- The payment gateway supports electronic invoice service, all types of payment, sending text notifications via email to customers, and smart management of refunds.
- The provider provides immediate customer service to your customers to solve all potential technical problems immediately.
The best payment channels for the online store in Egypt
Egypt is one of the most important Arab countries in adopting electronic payment methods in response to its people’s orientation towards electronic payment and considering it a better alternative to traditional payment methods.
Before choosing the appropriate electronic payment channel for your store, consider the following questions:
- What is the cheapest payment gateway?
- Are there hidden costs?
- How long does it take to process funds?
- How much do chargebacks cost?
In this paragraph, we review the 6 most important electronic payment channels in Egypt
1- Fawry
Fawry Company It is one of the most important electronic payment channels in the Egyptian market. Its most important features:
- It provides the Fawry Pay service, which supports payment with all types of bank cards.
- The Fawry service provides the cash payment feature at its approved centers.
- Deduct what you can For one pound For every transfer made through the Fawry service.
2- Paymob
Return to fame Bay Mob Company In Egypt, as one of the most important electronic payment channels, the many features it offers to its customers, the most important of which are:
- Installment feature
- Supporting different payment methods such as: credit card and electronic wallets.
- The commission percentage is 2.75% of the amount collected.
3- Cashier
Commonly used Cashier Portal As an electronic payment method between Egyptian customers. Among its most important features:
- Ease of transferring money by sending or receiving.
- The possibility of receiving money through bank cards, Meeza card, and debit cards via online payment, or an electronic money collection machine.
- Paying all types of bills, and making various account management tools available on the portal.
- The commission is estimated at 2.85% from the amount paid/collected, with a discount of 3 pounds with each transfer.
4- Fawaterk
Your bills It is one of the electronic payment methods also known inside Egypt. Is characterized by:
- The ability to send and receive money from credit cards and electronic wallets.
- Ease and flexibility in money transfer operations.
- Electronic payment for all commercial sites.
- You get EGP 2.99 per transaction without any additional billing fees.
5- Easykash
Different EasyCash payment gateway About other payment gateways in their working mechanism, which is:
- Transferring money in different ways than usual through electronic wallets and various payment gateways.
- Money is transferred, sent and received via a link between the portal and the customer.
- Commission range From 2.5% to 3.5%, Without imposing monthly expenses for the service.
6- Venmo
Venmo An application affiliated with PayPal Bank, and it has been approved as an electronic payment method in Egypt. Its most important features:
- Controlling money transfer operations.
- Payment to websites through the service’s application by linking the customer’s account to a bank card or bank account.
- The ability to benefit from all the features of the service and send payments to all stores and sites.
See also: The comprehensive guide to creating a free online store in Egypt
The importance of multiple payment channels in the online store in Egypt
- The number of conversions for your online store increases with multiple payment channels.
- Creating feelings of reassurance and trust among customers as fears of online payment increase.
- Attract customers by creating an impression on your customers by keeping up with modern technologies in payment methods.
- Reducing the rate of decline in purchasing decisions from your store while providing different payment methods.
Treniavo is the best company to design and create a free online store in Egypt
We take care Trianvo To ensure your comfort and safety; Our team helps you choose the best portal for your store that provides your customers with a satisfactory experience that encourages them to deal with you permanently. Trinafo platform is ready to connect with the best payment methods suitable for your store and customers.
Create your free online store in Egypt with Trinavo packages.. See... Trinavo packages To design and create electronic stores in Egypt, Do not hesitate to contact us, we will take care of the connection process for free!
