How senangPay's Instant-Start Payment Gateway Works

An online business cannot function without a way to accept payments. From social media sellers to large retail stores, accepting payments is the core reason one starts a business. Regardless of whether you're requesting FPX transfers from your customers or if you want a fully-fledged payment system that accepts multiple payment methods, a payment gateway is essential in streamlining the transaction process, and in some cases absolutely necessary to process certain payments immediately.

With the plethora of options nowadays, how does senangPay stack up against the competition? What is the benefit of having instant approvals? How can instant approvals help you take full advantage of the year-end sales season?

Continue reading to learn about payment gateways, discover what senangPay is, as well as how our payment gateway platform with approval within minutes allows you to turn your brilliant business ideas into reality and start collecting profits.

What is a payment gateway?

In layman terms, a payment gateway is an interface to process payments through a single channel safely and securely. By reading customer payment information such as bank details and card information, this front-end system helps facilitate payments from the customer to the merchants efficiently. They do not directly collect payments, instead only serving as a platform for payment processors like banks and financial institutions to process payments on behalf of the merchants.

For online payment gateways like senangPay, they serve as the "checkout" portal for customers to input their payment information. With a payment gateway, a business no longer needs to individually apply to every bank or payment provider to activate multiple payment options.

How does it work, really?

To fully explain how a payment gateway works, we need to go through each step individually. In the simplest terms, each transaction goes through these steps:

While it may seem complicated on the back end, all this happens in minutes and the customer sees little of it, ensuring a smooth checkout process.

Many payment gateways also have additional offerings and attributes to differentiate themselves from the competition and add value for the user. 

What features do senangPay offer?

Providing an abundant, unique and holistic feature offering is essential to not only stand out from the crowd, but also to furnish customers with a fully-fledged tool kit to address any needs they may have. senangPay caters to the needs of merchants with comprehensive features such as multiple popular payment options, API integration, recurring payments, and more.

More importantly, senangPay's instant approval means that you can get your business up and running within minutes. While certain payment gateways have lengthy approval processes that can span several days, of which could result in the derailment of your business strategy as you wait to start accepting payments. With senangPay, gone are the days of waiting from registration to implementing your million-dollar online business idea—you can start your business the same day you register with us!

Paired with premium, 24/7 customer support, this means that even on the off-chance that any issues arise, you know that your queries or problems can be resolved near instantaneously.

Final thoughts.

Starting an online business can be daunting, especially factoring the requirement of actually accepting payments from customers. Thankfully, payment gateways take away much of the hassle of this process, creating a streamlined and speedy transaction experience. By choosing the right payment gateway with the right solutions for your needs, you can even enhance your business capabilities with add-on features like shopping cart plugins and e-commerce platform integration.

If you have a product or service to offer right now, register for senangPay to get your business off to a strong start today! With complete solutions for every venture—big or small—and even a custom package for the largest enterprises, there is sure to be a competitively-priced package to meet your needs and budget.