The business-to-consumer e-commerce market in Indonesia is worth $13.6 billion. Despite accounting for only 0.6 percent of the country’s total retail market, Indonesia’s online shopping sector has grown at a rapid pace, increasing by more than a third in the last two years. With this growth expected to continue, the world’s largest archipelago also has the world’s highest e-commerce growth forecast.
Indonesia’s online shopping industry is expected to grow at a 34.6 percent compound annual growth rate through 2021, owing to rising internet penetration (currently at 32.3 percent) and an ongoing trend of steady GDP growth. The magnitude of this growth is clearly a result of the industry’s immaturity. At the moment, annual per capita spending is low and standing at $344 a year.
How can eCommerce businesses increase sales?
It is critical to work with a payment processing provider who understands the eCommerce business model. This will boost sales and reduce chargebacks, ultimately saving your company money.
Furthermore, eCommerce SEO is critical. If your company is entirely online, you must take advantage of every available opportunity.
So, what exactly is SEO for eCommerce? SEO is an abbreviation for “search engine optimization.” This means you’re working to improve your brand’s visibility on search engines like Google, Bing, Yahoo, and Yandex.
With eCommerce SEO, your main goal is to have your company appear in search results for topics related to your company.
If you run an eCommerce sneaker store, for example, you could rank one of your pages for “Nike shoe alternatives.” If you can do this, your conversion rates will rise because you’ll be targeting customers who are already in the buying process. This is an example of keyword research, as the main goal is to rank for business-related keywords.
Outside of securing a dependable eCommerce merchant account, eCommerce SEO should be your primary focus if your company is B2B.
If you need proof, consider this: 93 percent of all eCommerce transactions start with a search engine. Furthermore, search engines account for more than half of all website traffic for businesses.
This figure is higher than the sum of paid ads and social traffic from sites like Facebook.
Organic search traffic accounts for more than 40% of total business revenue.
Payment Gateway Indonesia for secure and convenient online transactions
Pages for Secure Payment
Card-not-present fraud is becoming more common as consumers continue to shop for goods and services online. PayCly’s secure payment pages add an extra layer of security, protecting your e-commerce business and reputation, and preventing unnecessary chargebacks.
Quickly detect fraudulent activity
When a merchant loses revenue as a result of fraudulent chargebacks, the amount lost is frequently two to three times the transaction cost, including marketing, shipping, and product costs. PayCly’s sophisticated payment processing system enables you to easily review transactions and block suspicious activity, assisting you in detecting potential fraudulent activity before a payment is made.
Alert System for Chargebacks
Chargebacks are becoming an increasing problem for e-commerce businesses, costing merchants up to $40 billion each year. PayCly’s advanced chargeback alert system and dependable payment processing system notify you the moment a client requests a refund, allowing you to easily avoid fraud and chargeback fees.
How to select the best eCommerce Merchant Account?
It is critical to conduct extensive research and understand how your business is performing. It would be preferable if you were familiar with eCommerce chargebacks, monthly sales, and processing rates. Understanding the above will help you negotiate and understand what your business is doing well and where it can improve if you are comparing rates and service terms of payment processing providers.
Customer Service for eCommerce
You will need a dependable payment processing provider with 24-hour customer service. Your processing provider, like your business, should provide excellent customer service. PayCly provides knowledgeable round-the-clock customer support for all industries.
Pricing will vary from provider to provider; ensure complete transparency between you and your partner to avoid being hit with hidden or extra fees.
You should work with a company that accepts all major credit cards and can handle international payment gateway.
Expertise
Your payment processing partner should be able to tell you how long they’ve been in business and offer you expertise and next-level solutions.
Security
It is critical to have a payment partner who can ensure strict security rules. PayCly specialises in providing our clients with the highest level of security.
Why Should You Use PayCly for your online store?
PayCly can provide solutions for all types of eCommerce businesses, including high-risk ones. PayCly frequently works with the high-risk industries listed below.
- Vendors of online dating services
- Adult retailers
- Bitcoin merchants
- CBD merchants’
eCommerce businesses rely on online sales and reliable payment processing solutions. We understand the importance of credit card processing for eCommerce merchants at PayCly, and it is our goal to assist your online business in reaching its full potential.
We offer solutions to reduce chargebacks and keep your account risk-free, all while maintaining extremely competitive pricing.
Fill out an application today to learn how PayCly can improve your eCommerce business solutions if your online business was terminated or you are dissatisfied with your payment processing provider.
Summary
Cards are the most popular online payment method in Indonesia, accounting for 34% of the market. Bank penetration in Indonesia is 48%, leaving plenty of room for expansion in the debit card market. Despite this low penetration, bank transfers are the second most popular e-commerce payment method in Indonesia, accounting for slightly more than a quarter of all sales (26 percent).
Digital wallets, which are currently the third most popular e-commerce payment method, are rapidly growing in popularity. Digital wallets are used for one-fifth of all online shopping in Indonesia, thanks to rising smartphone penetration. It is undoubtedly essential to get a Payment Gateway Indonesia for your ecommerce business so that it can rise to top with maximum sales and margins.You can reach out to us for any assistance.
