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Increase your revenue from existing customers

Tag: online payment solutions

Increase your revenue from existing customers
Mohab Customer Experience 0

Increase your revenue from existing customers

Strategies to boost sales from existing customers

Merchants are often faced with the problem of stagnant or worse, diminishing revenues from existing customers. Constantly reinventing and innovating one’s service offerings, cross selling and reducing the customers’ pain points are key strategies to enhance revenue realisation from existing clients. We shall look into some of the winning strategies that can help merchants improve sales conversion from their existing customer base:

  1. Customer engagement: Interactions with the e-commerce merchant influence client perceptions. Superior post purchase support and FAQs on the website about the products are some examples. It is also a good idea to have a payment gateway process that includes easy grievance redressal for chargebacks. The feature should ideally ensure that the customer can provide the necessary documentation and the complete transaction details available with the merchant are also accessible. This would facilitate transparency and improve the credibility of the merchant.
  2. Winning customers’ loyalty: Merchants often face declined payments in case the customer fails to update his/her card data, resulting in card expiration issues. The payment solutions company can ensure smooth transaction processing with automatic data updating facility.This would also go a long way in improving customer experience and reduce order cancellation.
  3. Omnichannel payment option: Merchants can allow multiple payment options including digital payments via mobile applications, thus enabling 24*7 transactions. Thus, time and space will no more be limiting factors in online purchases.
  4. Quick authentication: A BCG survey estimates that the average e-commerce website requires shoppers to click 23 times before a purchase is completed. Merchants need to revamp the shopping experience and enable a one-click checkout with secure online payment systems. This would drastically reduce cart abandonment and revenue losses.
  5. Local payment solutions: Some customers would prefer to pay with familiar, local payment modes. Thus, the merchant should integrate a payment platform that supports alternative payment methods in local currency as well. This would help retain local customers, who might not be aware of global digital payment trends.
  6. Product differentiation: Merchants and payment providers can offer personalised recommendations to customers based on the data repository of past transactions. For example, in case of multiple saved cards, the website could suggest one of them as the primary card option based on the historical usage. Further merchants could also enable better site selection options, so that the customer undergoes minimum navigation through the website before purchase completion.
  7. Cross selling: One can also offer innovative payment features like instant financing, and flexible payback terms to encourage big ticket and frequent purchases
  8. Rewarding customers’ loyalty: A loyalty program with item discounts or freebies would positively impact website visits and sales size. The merchants can promote the benefits program by sending targeted -mail campaigns to existing customers with details of customized rewards and points status.
  9. Low cost payment option: A charge for using the payment gateway is often a big put-off for customers. Thus, merchants should integrate a convenient ‘plug and use’ payment portal, which is free of charge for the customer.
  10. Secure payment option: This is a critical aspect to ensure return customers. Merchants must ensure that the payment gateway and the e-commerce portal can securely store card tokens and confidential customer information. This would speed up the transaction time as the customer would not have to re-enter all the details each time before a purchase transaction.
  11. Expert advice: To further enhance customer appeal, one may also consider the inclusion of a knowledge section or blog with practical information on the transaction steps and the payment process. An educated customer would be more willing to return again for additional purchases.
  12. Keeping one’s ear to the ground: It might be a good idea to include an optional pop-up survey or a quick questionnaire to extract customer opinions or reviews on the ease of online operations and the product experience. This way one could address any shortfalls and win customers’ confidence.

With growing competition in the digital space, it is imperative that along with new customer acquisition, merchants devise innovative and strong strategies to grow business from existing customers. Providing excellent quality of payment experience, fostering customer trust through improved ease of online purchases, and winning a higher share of the customers’ wallet with quality products and service offerings are crucial for higher sales conversion from repeat customers.

5 years ago
Women entrepreneurs making big strides in UAE
Mohab Events 0

Women entrepreneurs making big strides in UAE

UAE presents a big business opportunity for women looking to launch their business. Women comprise a dominant 70% of the graduates that pass out of universities and 44% share of the workforce. Further, the gender gap in early stage entrepreneurship is already narrowing, with 7.6% women founders as against 11.8% men founders.

Leveraging the PayTabs advantage

PayTabs has always been in the forefront of embracing changes – be they technological innovations on the digital payments front or changing socio-economic equations of empowering women wanting to take the entrepreneurial plunge. Reinforcing this strategy, PayTabs is participating as a featured exhibitor in the Women Entrepreneurship Summit (WES) MENA, scheduled to be held on 22 April, 2019 in Dubai, UAE.

What is the significance of this event?

This invitation-only strategic summit aims to bring together established and aspiring women entrepreneurs across MENA region. It works on the profile sharing concept. It provides a platform to encourage and facilitate female-led entrepreneurship by enabling knowledge sharing and interaction between business women from women-centric organizations and SMEs. Despite the success of women-run businesses, there is still a lot of ground to cover. Women entrepreneurs face several challenges like access to finance, coaching and mentorship channels, networking opportunities and knowledge about the various aspects of running a business, like the changing regulatory regime and digital payment solutions, etc. While the former constraints would be deliberated upon in brainstorming sessions by the participants, PayTabs would effectively tackle the last with its innovative online payment solutions.

The PayTabs’ boost to female entrepreneurship in UAE

The shift from an oil-driven economy to a tech-enabled ecosystem is encouraging women entrepreneurs in diverse sectors. As per a recent survey, women in the GCC manage $385 bn worth of assets in SME businesses. Thus, women entrepreneurs ranging from cup cake owners, florists, financial service providers to fashion consultants, film makers, designers, etc are gradually making a name in the SME space. Being technology driven, these start-ups need digital access to global markets and the capability to accept online payments. This needs to be achieved without necessitating a physical presence in every geography to enable receipt of customer payments. This is where the adoption of PayTabs can prove to be a game changer for lady entrepreneurs. PayTabs, an award-winning digital payments company with strong roots in the MENA region boasts multi-integrated payment options via Visa, MasterCard, American Express, SADAD, Mada and more, using a single API. The PayTabs sales team would be ready and willing to answer all queries related to digital payments and how a payment gateway can be seamlessly integrated into the existing web portal.

PayTabs offers a suite of online payment solutions suited to the unique needs of SMEs and start-ups, supporting over 168 currencies. Further, with PCI-DSS certified, 3D secure authentication, 24*7 customer support and a dual-layer fraud protection system, PayTabs ensures that transactions are 100% safe and secure. Thus, business women can completely focus on running the business, and leave the worries about the payment processing and digital receipts to PayTabs.

If you are a female and entrepreneurship is your calling, UAE is the place to be in the MENA region. With PayTabs unlocking whole new possibilities in digital payments, a lady entrepreneur can conveniently accept online payments from across the globe. PayTabs can be a reliable partner in your entrepreneurial journey. Think cashless, think PayTabs! Save the date.

5 years ago
What is the PayTabs partner program, and how does it work?
Mohab Partners & Partnerships 0

What is the PayTabs partner program, and how does it work?

Collaboration is the key to success – PayTabs truly believes in this concept. We cannot succeed in life if we walk alone. In your personal life, you need friends and family. And in professional life, you need the support of like-minded individuals to succeed.

When you collaborate, you enter into a symbiotic relationship, beneficial for both the parties. PayTabs Partner Program is one such opportunity to collaborate, earn, and grow.

Whether you are a web development company, online marketing company, consultant, freelancer, or anyone working in any space; you can earn an additional income of up to $8,000 per month by just promoting PayTabs online payment solutions.

Are you eager to know more about the program? Do we have your attention? If yes, then read on to know more about this exclusive opportunity.

About the PayTabs Partner Program

PayTabs Partner Program is a concept wherein you and PayTabs will become partners to promote PayTabs online payment solutions. In other words, you will be a referrer who will refer PayTabs payment solutions to your audience (specifically merchants).

As a referrer, you can earn an extra income of $500 per month to as high as $8,000 per month. It all depends on how you promote our payment solutions. Of course, we will support and guide you at every step. After all, we are partners, right?

How does it Work?

It’s simple. You register for the PayTabs Partner Program by submitting documents related to personal identity, company license, billing address, and others. Once you have become a registered partner, you can start promoting PayTabs online payment solutions.

You can refer it to your contacts, advertise on your website or blog, or use it as a payment solution for your clients; there are numerous ways to on-board merchants on PayTabs.

The merchants referred by you will use PayTabs for processing online payments. Your commission will be incentivized according to the volume of transactions performed by the merchants. The accumulated earnings are processed on a monthly basis. As a PayTabs partner, you will get a monthly income.

Exclusive Highlights of the PayTabs Program

  • Centralized dashboard for monitoring activities related to merchants, transactions, payments, withdrawals, and so on.
  • Suitable for the majority of business types. Currently, PayTabs powers companies operating in 49 business lines. Therefore, you can pitch PayTabs solutions to entities operating in different lines.
  • PayTabs supports transactions in 168 currencies. This solves problems related to international payments, thereby making PayTabs a favorable online payment solution.
  • PayTabs is one of the fastest payment solution companies with an established global presence. This increases the customer base, which is beneficial for our partners.
  • There is no delay in payments. PayTabs disburses monthly payment to partners.

The customers referred by you will have the best experience while using PayTabs payment solutions. At the same time, you will continue to earn a hefty income on a monthly basis. Just keep on referring to create a regular source of income. Sign up for the program now!

5 years ago
Benefits of being a PayTabs channel partner
Mohab Partners & Partnerships 0

Benefits of being a PayTabs channel partner

‘If you want to walk fast, walk alone. But if you want to walk far, walk together.’ A companion is necessary in the journey of life. We couldn’t agree more! At PayTabs, our goal is to walk far and long, and that was the premise behind creating PayTabs channel partner program. This program gives you an opportunity to earn money while referring to PayTabs payment solutions. A mutually beneficial relationship at its very best!

What is the PayTabs partner program?

The PayTabs partner program was created to be a mutually beneficial arrangement between you and the company. Under this program, you become a channel partner with PayTabs payment solutions company in order to promote PayTabs as an online payment solution to your merchants. That is, you as a partner will be required to refer PayTabs online payment solutions to merchants. In return, you will be paid commission based on the monthly transactional amount.

Once you register as a PayTabs channel partner, you can start promoting instantly. The online payment solutions can be promoted through your website, advertisements, personal contacts and blogs. Once the merchants begin using PayTabs as per your referral, your payments will be processed on a monthly basis.

What are the benefits of becoming a channel partner?

  • It is a simple and easy way to earn some extra income by referring products and services of PayTabs.
  • As a PayTabs channel partner, you receive exposure to online marketing.
  • By becoming a channel partner, you enable yourself to offer comprehensive solutions to your own clients.
  • Give your customers access to globally recognized products and services.
  • By registering under the PayTabs Partner Directors, you get the exclusive opportunity to reach out to new customers.
  • Stay up-to-date on the latest highlights and proceedings in the PayTabs services, and also get exposure to the latest industry insights.
  • PayTabs provides you with a committed relationship manager with the sole purpose of providing support to the partners.
  • PayTabs provides a fully automated system through which referrals, transactions etc. can be easily monitored.
  • Get global recognition amongst partners for your achievements.
  • Get exclusive tools, support, and services that enable you to provide better solutions to your customers.
  • Special training and guidance from experts to help you provide better customer service and satisfaction.

The PayTabs channel partner program not only gives you the opportunity to earn good money but also provides you with all tools and support that you will need in order to achieve your goals. By partnering with PayTabs, you can make a ton of extra cash just by referring our online payment solutions to merchants, while we grow our client base.

With the special training and support that is provided by PayTabs to its partners, in addition to several ways in which you receive global exposure and recognition for your hard work, the PayTabs channel partner program is an opportunity not to be missed! A mutually beneficial program, becoming a PayTabs channel partner is a win-win for all!

5 years ago