Online transactions have become an integral part of modern business, and with this increase in e-commerce, there is a growing need for secure payment methods. Hosted payment fields provide a convenient and secure way for customers to make payments online, without exposing their sensitive information to merchants.
Hosted payment fields are a type of payment gateway solution. Instead of collecting and storing your customer’s sensitive payment information, the payment fields are hosted by Praxis, who is responsible for ensuring the security and compliance of the data. When a customer wants to make a payment, they simply enter their payment information into the fields provided by us! This information is then transmitted to the payment processor for authorization and settlement.
The main advantage of hosted payment fields is increased security for both the customer and you as a merchant. When customers enter their payment information directly into the hosted payment fields, the information never touches your server, reducing the risk of data breaches. In addition, we’re responsible for ensuring that the fields are PCI compliant, which reduces your liability in the event of a data breach.
Another advantage of hosted payment fields is that they can be customized to match the look and feel of your website. This helps to create a seamless and professional customer experience, which can improve customer confidence and increase conversion rates.
In addition to increased security and customization, hosted payment fields also provide a whole host of other amazing benefits. For example, they can simplify the checkout process by eliminating the need for customers to create an account or enter shipping information. This can help to reduce shopping cart abandonment and increase conversion rates.
Hosted payment fields can also help you to comply with local regulations. Different countries have different requirements for online transactions, and hosted payment fields can be configured to meet these requirements, making it easier for you to sell products and services globally.
Finally, hosted payment fields can help reduce costs associated with payment processing. By outsourcing the storage and management of sensitive payment information, you can reduce the cost of maintaining your own PCI compliant infrastructure.
Hosted payment fields are quickly becoming the preferred payment method for many online merchants. With their increased security and convenience, they provide a safe and easy way for customers to make payments online, while reducing the risk and cost associated with payment processing.
Overall, hosted payment fields are a secure and convenient solution for online transactions. With their increasing popularity, they represent the future of secure online payments and provide a valuable option for merchants looking to expand their business online. By reducing the risk of data breaches and simplifying the checkout process, hosted payment fields are helping to make online transactions safer and more convenient for everyone involved.