How can entrepreneurs and startup owners accept online payments?

Launching an online business has become so easy and popular these days, and more and more freelancers are taking the challenge in hopes of becoming the next big hit. The prospect of working from home and making money from online sales sounds exciting, but handling it is quite challenging. Freelancers and small businesses, however, frequently run into problems with standard payment gateways, which can be tiring and confusing forcing them to look for regional payment options that take online payments.
Some of the challenges facing freelancers can be summarized as follows:

Shortage on Technical Abilities

Because of the lack of technical skills and the ongoing maintenance and upgrades required, building and maintaining an online store may be the most difficult obstacle for small enterprises. Not many freelancers and startups are aware of payment integration or developer options required for the payment portal, nor do all payment gateway systems seamlessly link with websites.
Dealing with payment gateway integration may be difficult, and opening an online payment account with freelance licenses and personal accounts might not be possible. This is a reason why many freelancers opt for selling on third party marketplaces such as Amazon, Talabat and Zbooni and who are not payment providers and not regulated as such.

Payment gateway fees

Businesses that accept online and credit card payments are charged a transaction fee known as the payment processing fee. The processing fee is variable depending on the type of business, type of card, where the card is issued from, etc. In addition many payment gateways implement a signup or monthly fee for processing online payments. The fees themselves are part of the cost for processing payment online and should be taken into account, however there is much that can be done to reduce such fees.
There are many options to choose from and freelancers should feel free to compare the different options before deciding. Usually working directly with a payment provider is cheaper than through a marketplace like Zbooni or Amazon, albeit with more regulatory requirements.
Accepting international payment
As a freelancer, it is usually advantageous for the business to expand throughout and beyond the living country. This brings with it the difficulties of sending money overseas, which is both time-consuming and costly. Furthermore, if any problems arise, this procedure may necessitate extensive documentation.
As a result, freelancers in the UAE and the GCC as a whole are looking for a payment service provider (PSP) that offers cheap conversion rate costs and a secure worldwide payment gateway, as well as the ability to simplify a wide range of payments and settlement currencies. In this approach, the freelancer may assure a smooth experience for both themselves and their clients while doing cross-border transactions.

Abrupt freezing of accounts

Nothing may disturb your business more than a sudden halt in your payment processors, such as withheld cash, a block on processing capacity, or the entire cancellation of your account.
Many freelancers use their personal accounts to take payments from customers, however dealing with a significant number of transactions and overseas payments may trigger a sudden block of high-volume personal accounts. PayPal has a reputation for suspending accounts seemingly at random and without warning for up to 6 months.

So, what is the best payment gateway alternative in the UAE?

Paymennt.com is a reliable and PCI-licensed electronic platform that provides various payment solutions for self-employed, startups, and small and medium companies, as it provides payment services through a secure link so that customers can pay using their credit card, Apple Pay, Cream Pay, American Express or others by clicking on the secure link and completing the payment process from the smartphone without downloading any application. Independent business owners and startups can also create an online store supported by a payment gateway within minutes and without any monthly fees with the possibility of activating additional services such as international payments and customer subscriptions.

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