A digital goods gateway is an electronic terminal for a seller of non-physical items online. Your gateway connects to your merchant account to conduct online transactions from buyers. If you sell digital goods through your website, you’ll want a custom payment gateway in order to accept credit cards.
The best digital goods gateway provider is Zen Payments . They have many options for customizing merchant accounts in this specific industry. Moreover, Zen Payments has low rates and fast approvals that streamline the process of application, underwriting, and approval.
What Is A Digital Goods Payment Gateway?
Similar to their merchant account counterpart, digital goods payment gateways, are the technology-driven platforms that facilitate smooth and secure fund transfers during online transactions involving electronic goods. Specifically, they are the technology that plugs into your website to exchange information.
Gateway Integration For Your Website Builder
If you have a WordPress site you would install a payment gateway from the plugins menu, while for other website builders you can use custom code (quickly provided by the gateway company) to integrate it to your website. You’ll still need to select a gateway that suits your needs, and to do this you’ll want to compare providers.
Top Gateways For Digital Merchants
The best gateway provider for digital goods is Zen Payments , they offer competitive rates and easy integrations. Moreover, they specialize in working with ecommerce stores and intangible items like downloads and software. As such, you can speed up your buying funnel and get faster checkouts with all of the key tools like chargeback reduction technology.
Digital Merchant Industries
Industries in the digital goods merchant category code or MCC include: software, e-books, music, videos, online courses, subscriptions, and so much more. These intangible goods are readily downloadable and swiftly delivered over the internet.
Unlike traditional payment gateways primarily focused on physical products, ones made specifically for digital goods cater to the unique challenges of online transactions involving intangible assets. They boast specialized features like lightning-fast delivery, secure content access, and fraud prevention , making the buying experience a breeze for both consumers and businesses.
Benefits of Digital Goods Payment Gateways
- Fortified Security and Fraud-Resistance : Digital goods payment gateways go the extra mile to safeguard sensitive customer data and fend off fraudulent activities. They deploy top-notch encryption techniques, secure tokenization, and advanced fraud detection systems, ensuring that transactions remain secure and untainted.
- Seamless Digital Delivery : One of the standout advantages of an new online payment gateways is their ability to offer instant gratification. Once a transaction is successfully processed, customers can dive right into their digital goodies, no waiting required. It’s like teleportation for electronic products, guaranteeing an effortless and satisfying user experience.
- Subscriptions and Recurring Payments Made Easy : Picture this, you’re running a software-as-a-service (SaaS) company, an online membership platform, or a streaming service. With digital goods payment gateways, managing subscriptions and recurring billing becomes a breeze. These gateways boast flexible subscription management features, automating recurring orders, streamlining billing cycles, and giving businesses the power to handle it all seamlessly.
- Embracing the Global Landscape : Digital goods know no boundaries, and with the right payment tools, businesses can extend their reach globally. These gateways often support multiple currencies, enabling customers from all corners of the world to make purchases in their local currency. Talk about convenience and breaking down barriers!
- The Power of Analytics and Reporting : A comprehensive digital goods payment gateway provides businesses with valuable insights through robust analytics and reporting tools. Merchants can keep tabs on essential metrics such as conversion rates, customer behavior, and revenue data. Armed with this treasure trove of information, businesses can make data-driven decisions and fine-tune their online sales strategies for maximum success.
Table of Contents
- - What Is A Digital Goods Payment Gateway?
- • Gateway Integration For Your Website Builder
- - Top Gateways For Digital Merchants
- - Digital Merchant Industries
- • Benefits of Digital Goods Payment Gateways