Indonesia is the world's 4th most populous nation and 7th largest economy in terms of purchasing power parity (PPP), according to the International Monetary Fund (IMF). A Statista report indicates that online commerce is expected to rise 77% by 2025. Another report from Global Data demonstrates that the e-commerce market in Indonesia is growing at a pace of 23.8% in 2022. Considering this, we can say that Indonesia is a fast-paced, growing economy with a fondness for digitalization. If local merchants or businesses want to take advantage of this huge market with sky-rocketing growth. They need a payment gateway Indonesia to accept online payments and acclimate to the digital environment of the Indonesian economy.
A payment gateway is an entity that enables businesses to accept payments via numerous digital payment methods. Indonesia is a country that has drastically shifted to online payments from cash in the past few years. According to the Consumer Payment Attitudes Study 2022, Indonesia is a leading nation in the Southeast Asia region in adopting cashless payment methods, with a 95% cashless payment adoption rate. This is why having a payment gateway becomes a necessity for Indonesian businesses to thrive in this digital environment.
Considering the increasing number of online transactions in the country, payment gateways are in high demand. And to make the most of this situation, a large number of payment gateway providers have emerged in the payment processing landscape of Indonesia. But you can't simply pick a cheap payment gateway Indonesia just for the sake of cost-cutting. Being a local online merchant, you must pick a payment gateway Indonesia, according to the requirements of your business, because payment gateways can make or break a business.
What is a payment gateway?
A payment gateway serves as the connection point between an e-commerce platform or website and a merchant account. It is a piece of technology that gathers payment information from customers and securely sends it to the bank of the retailer. Additionally, it provides the retailer with a message of payment clearance or rejection. A payment gateway helps you receive payment by securely validating your customers' payment details, confirming the availability of funds and the transaction limit, and so forth.
An online payment gateway (cloud-based platform) enables you to incorporate technology into your e-commerce platform or business website easily and supports continued revenue growth for your business. In addition to giving your customers the convenience of plug-and-play and facilitating shopping for them, it secures sensitive payment data with an encrypted data transfer between various contexts.
Why businesses in Indonesia need a payment gateway provider like PayCly?
PayCly has established itself as the most reliable payment gateway in Indonesia. We are one of the leading payment gateways in the world, and we offer our services globally. We have been offering our top services in Indonesia for many years, and we provide the best payment gateway Indonesia for high-risk processing. We help Indonesian enterprises expand their market presence by providing them with a customized payment gateway Indonesia. Additionally, we help businesses comply with the laws and regulations of the Indonesian authorities.
By offering a local merchant account or third-party payment gateway, we also provide our services to overseas merchants who want to reach the lucrative Indonesian market. In the Indonesian market, PayCly is a payment gateway that provides businesses with payment solutions according to their requirements without any additional service charges. The following are some of the features that make PayCly an ideal payment gateway for the Indonesian market:
Fraud Prevention System and Chargeback Protection
Online businesses are more vulnerable to fraud than traditional organizations. Especially in countries like Indonesia, where online fraud has been on the rise in recent years. According to a survey, in 2021, Indonesia accounted for the biggest share of internet users in Southeast Asia (26%) who experienced fraud, with online fraud accounting for the second highest number of police reports in the country.
According to international software security firm Kaspersky Lab, Indonesia leads the world in instances of financial fraud committed online. According to a Kaspersky Lab survey that involved 26 different nations worldwide, 26% of Indonesian internet users fall prey to online financial fraud. In 2020, a consumer survey by Statista found that 59% of Indonesian participants expressed concerns regarding the security of digital payments.
In such a hostile environment for online payments, businesses need a reliable payment service provider that can enforce robust security measures to keep them safe. For this, PayCly has developed a payment gateway Indonesia that has a world-class online payment processing system consisting of AI and machine learning technology-infused fraud detection tools.
The system has encryption technology to safely transfer data to banks and payment processors. It also used 3D security for transactions and tokenization techniques to safeguard important card details. To ensure world-class standards in data handling, it also complies with PCI DSS.
By incorporating machine learning algorithms into real-time payment processing, PayCly ensures that any fake chargeback request will not hurt the merchant. For this, machine learning experiences and technology identify the similarities between fake chargebacks and send notifications to merchants. In this way, PayCly establishes itself as the safest option as an online payment gateway Indonesia.
Numerous alternative payment methods
In a country like Indonesia that has recently adapted its online payment infrastructure, it becomes quite obvious for businesses to have a payment gateway that can provide them with every option to accept payment. As per the FIS Global Payments Report 2023, there is no particular payment method preferred by Indonesian consumers for online payments. Instead, they used various online payments frequently at different times according to their conveniences.
Because the majority of local consumers are new to online payments. Given the fact that the majority of customers are new to the world of online payments and are still exploring the best method according to their conveniences, having a payment gateway Indonesia like PayCly becomes a necessity for Indonesian businesses. Due to PayCly's ability to provide more than 100 payment methods, including APMs.
Acceptance of multiple currencies
Currency is the most crucial consideration when localizing a website out of all the essential elements. Prices should be shown in the local currency to avoid losing potential clients to internet retailers. According to a Penton Research and E4X survey, one-third of customers left the shopping cart when they did not see their preferred currency on the checkout page.
Accepting regional currencies encourages customers to make larger purchases; therefore, the best payment gateway Indonesia for cross-border businesses should have multi-currency support based on region. Customers can quickly determine the actual cost of things, preventing confusion caused by currency conversion. Considering the importance of multi-currency support, PayCly provides 100+ currencies for payment processing.
Multi-lingual support
When a customer tries to purchase from an international website, clicks the "Buy" button, and finds the checkout page in a different language, he may decide to back out of the purchase. The explanation is straightforward: Every buyer wants to see the exact price, the goods, and the terms and conditions in their native tongue to ensure that everything is accurate.
Keep in mind that every tiny error on your checkout page damages the reputation of your website or application and results in lost sales. Considering the impact of this on business image and sales, international merchants in Indonesia must choose PayCly as their payment processing partner because it provides multi-lingual tech support and a checkout page in more than 20 major languages spoken around the world.
Customization and Integration
Online businesses are constantly looking for ways to simplify the user experience on their website or mobile application. What happens, though, if the checkout procedure is inconvenient? Your revenue and customer engagement will fall as you steadily lose the trust of your clients. A payment gateway needs to be user-friendly, simple to integrate, and flexible in order to meet the needs of a merchant.
This is why PayCly has developed its payment gateway Indonesia in such a way that it should be compatible with all types of online payment platforms. It gives merchants access to their own shopping carts, so they may sign up for the service quickly and cheaply. With the "plug and play" integration solution, PayCly makes it simple to meet integration requirements.
Industry Support
Before selecting a payment gateway, business owners must ensure that it supports their industry. For instance, if you are a high-risk merchant, you have to make sure the service provider you choose can provide you with a high-risk payment gateway. The fun fact is that high-risk businesses are the ones that usually require industry support, such as assistance in complying with the regulatory authority of a high-risk industry.
If you operate in a high-risk industry in Indonesia, then PayCly is the best payment gateway Indonesia for you, as it provides high-risk payment processing services as well as assistance in complying with industry-related regulatory authorities, all without any additional charges.
Advantages of choosing PayCly as your online payment processing partner?
PayCly is a renowned name in the Indonesian online payment processing world, and joining hands with it can bring a lot of benefits for you as an Indonesian merchant, a few of which are mentioned below:
- Numerous "low-risk" and "high-risk" sectors are supported by PayCly. The "high-risk gateway" is our area of expertise. We offer our services to all of the industries mentioned above as well as others.
- The payment gateway provided by PayCly has a sophisticated anti-fraud system to help you identify and stop payment fraud as quickly as possible. PayCly's secure payment gateway uses artificial intelligence, pattern recognition, user profiling, AVS, CVV Checker, fraud scoring, 3D security authentication, PCI DSS compliance, and other cutting-edge security measures to safeguard its clients from any fraud.
- Pre-transaction, post-transaction, and source detention Chargeback Prevention Tolls are used by PayCly. This sophisticated form of chargeback protection is not offered by the majority of other payment gateways in Indonesia.
- PayCly provides you with rapid payment processing because we think that the fastest payment speed also contributes to increased client trust.
- PayCly also offers a recurring billing system. Subscription-based businesses like OTT, IPTV, dating, and gaming apps can definitely take advantage of recurring billing.
- You don't need any additional digital infrastructure to make online payments with PayCly if you use our direct payment links. Since payment links can be sent by email, chat, messaging, and other channels, they're a terrific option when speed or flexibility are important considerations.
- We offer services in more than 150 countries globally. Because we know that the future of online business lies in cross-border trade. This is why we help our clients expand their horizons and enter new markets without paying a single extra penny.
- To help you make better business decisions, we offer a robust dashboard where you can view real-time reporting and obtain comprehensive statistical reports on payments, settlements, refunds, and other related topics.
- We instantly approve your application for a high-risk merchant account or online payment gateway Indonesia for high-risk businesses with the minimum required documents, as we understand the value of time. With our ready-to-use plugins, you can onboard within a few hours.
How to apply for payment gateway Indonesia on our website?
To apply for a payment gateway in Indonesia, you have to go to our website.
After that, you will find an inquiry form. If you just want to check the depth of the water, you can fill out this form and ask us about the service that you are interested in.
If you are seriously considering PayCly for your business, you can click on the "Apply Now" button placed exactly above that inquiry form. After clicking that button, you will see an application form on your device's screen.
Complete the application form by providing information about your company and the required services. Then our expert team will recommend the best banking partners from our network.
These are the details you need to provide us during the application:
- Name
- Business name
- Region of operation
- Business contact information
- Company URL
- Briefly describe your business
- Previous processing history?
- Last three months' business bank statements
- Memorandum and articles of association
After the payment gateway application has been approved, we will provide a test payment gateway ID to your website so it can be integrated. After observation, permanent activation will be done.
Frequently Asked Questions (FAQs)
Why do businesses in Indonesia need a payment gateway?
With the rapid growth of online commerce in Indonesia, a payment gateway is crucial for businesses to accept online payments securely and adapt to the digital landscape.
Why choose PayCly as a payment gateway provider in Indonesia?
PayCly is a leading payment gateway in Indonesia with customized solutions for the Indonesian market, offering fraud prevention, support for multiple payment methods and currencies, multilingual support, and industry-specific services.
How does PayCly address the issue of online fraud in Indonesia?
PayCly employs advanced AI and machine learning technology for fraud detection, encryption for secure data transfer, 3D security for transactions, tokenization to safeguard card details, and compliance with PCI DSS standards.
What information is required during the payment gateway application process?
Businesses need to provide information such as name, business name, region of operation, contact information, company URL, a brief about the business, previous processing history, the last three months' bank statements, and memoranda and articles of association.
Does PayCly provide multi-lingual support for checkout pages?
Yes, PayCly supports more than 20 major languages globally, ensuring that customers can view checkout pages in their native language for a better user experience.
