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One-click Payments: Convenience for the Consumer, Sales Increase for Merchant


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One-click Payments: Convenience for the Consumer, Sales Increase for Merchant
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Quick and convenient payments guarantee a marvelous shopping experience. 

 

Turning Users into Loyal Customers

Thanks to one-click payment technology, buyers benefit from not having to authenticate themselves within trusted and reliable online stores. This will save them valuable time while keeping them safe when shopping online.

 

Be with the Best 

The technology simplifies payment processing, adds to your sales and profits and helps to establish customer loyalty. The hassle of somewhat time-consuming customer registration and data entry when placing an order in an online store is reduced to a simple click. It is very much in demand and is found on well-known online marketplaces.

 

How It Works

One-click payment technology allows customers to make online purchases with a single click. Such purchases are only possible if customer information, delivery address, and desired payment method were entered in a previous purchase or during registration. The required payment information comes from the cardholder’s online account. This is a practical and convenient method of payment for registered regular clients.

Payment for subsequent purchases gets enabled after selecting an item by pressing a single button and without the necessity to enter card details again and again. In addition, collecting items to cart is also bypassed.

 

Advantages and Disadvantages of the Procedure

Advantages:

  • A client can save precious time
  • Customer loyalty gets higher
  • The buyer becomes more confident in his/her purchases

Disadvantages:

  • Customer trust is required
  • Fraud may occur

Why Exactly®

The exactly® payment system provides merchants with a secure and elegant way to reuse payment and customer data already processed for future purchases, thereby facilitating the entire checkout process with a single press of the button. It is the perfect choice for your business, projects, and profitability.

The system can increase your conversion rate, prevent fraud, and adopt innovative solutions applicable to your business model.

The one-click payment function with exactly® can be integrated into various CMS processes and merge with all major checkout solutions, whether you have a shopping cart or not. With support for around 150 currencies and payments in major currencies, your business can easily start trading in different markets around the world. Intuitive tools are available to customize features to your needs as well as track metrics and accounting at all times.

No standard pricing plans are available but a manual setup option for each vendor in a fully automated system. Different integration options will be offered for your site to best suit your niche positioning.

Low transaction costs and quick preparation and initiation of bulk payment campaigns are also available. This gives you flexibility in pricing.

 

Trading Account

The company’s merchant account is designed to receive multicurrency payments from its online stores within one business day. All transactions have a fixed commission. And currency conversions are processed without any additional fees.

Our experienced account managers will guide your business team through all the steps of creating and managing a trading account.

 

Security First with Sensitive Data

The exactly® payment system meets the highest security requirements to enhance the safety of online merchants and their customers. That’s why we offer tokenization, 3D Secure, and expert advice.

Convert your buyers’ sensitive card data during the first transaction with tokenization (data security) technology. The technology is used for processes where sensitive information is replaced with unique identifiers so that the data is preserved but without compromising its security. Re-entering all personal and card details for the payment process becomes unnecessary. The technology enables card-free and secure payments across all channels. Thanks to tokenization, there is no need to store sensitive information on your servers. All you need is integration with the payment system Exactly®, and we’ll take care of tokenization and token management with necessary payment methods.

3D Secure is the safety standard for online credit card and prepaid card payments, reducing the risk of misuse by third parties. A fully independent sequence helps to define the scope for 3D Secure checks and determine rules for valid and invalid requests.

We have the necessary anti-fraud tools that allow you to define your procedures according to your activity, buyer profile, and default rate. Our experts are available directly by telephone and e-mail. Our primary goal is to minimize your purchase abandonment rate and increase your conversion rate.

To activate and set up one-click payment on your website with the exactly® payment system, fill in the contact form and wait for our manager to call you. You will be advised in detail on how to use this tool most effectively in your business.

Our online commerce solution is designed to help your teams further develop your site.

 

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Industry News

Budget 2023 boosts digitisation and formalisation of gaming sector: AVGC sector experts

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Experts and industry leaders in the AVGC (animation, visual effects, gaming and comic) industry praised the Union Budget 2023-24 as beneficial for the industry. Measures such as the clarification in the applicability of TDS only on the “net winnings”, and that too at the end of the year or during withdrawal, were particularly hailed as significant for the industry.

Bharat Patel, Chairman and Director, Yudiz Solutions Ltd, said, “Considering how fast India’s economy is adapting to modern technologies, the budget surely emphasizes the ‘Amrit Kaal’, mentioned by our Hon’ble Prime Minister. We at Yudiz are particularly thrilled that the government has recognised the potential of the gaming industry, and has taken steps in this budget towards fairer recognition of incomes from gaming. It is a positive move that the government has clarified that taxes will be applicable on net winnings, and not on aggregate winnings. We’re also grateful that Hon’ble Finance Minister FM Nirmala Sitharaman has said that the government will issue more clarity on the taxability of online gaming, and ease the tax burden. Proactive measures such as these can unleash the brimming gaming potential of India.”

Jay Sayta, technology and gaming lawyer, struck a more cautious note and said that while the measures are appreciated, more clarity was awaited on the calculation of net winnings.

“The budget and Finance Bill, 2023 has provided important clarity on applicability of TDS for winnings on online gaming platforms that the industry was seeking. It is a welcome step that the concept of ‘net winnings’ has been recognised in the Income Tax Act for online games and TDS only has to be deducted at the end of the financial year or at the time of withdrawal from the user account,” said Mr. Sayta. “However, the manner in which net winnings are supposed to be calculated and the set-offs that may be permitted before calculating such net winnings are left to be clarified by the CBDT through rules/guidelines. Hopefully, the CBDT will soon provide guidance on the manner in which net winnings have to be calculated.”

The new rules also bring parity between online gaming avenues such as apps and offline gaming avenues such as casinos.

Other measures such as the relief in customs duty for import of critical smartphone parts such as lenses and batteries will help stabilize smartphone prices, and help more Indians access mobile technologies and games. The raising of the minimum taxable slab from Rs.5 lakh to Rs.7 lakh under the new tax regime will also indirectly help the industry, as it increases disposable income available to consumers.

Experts also praised the overall support given to the startups in the form of the proposed National Data Governance Policy which will help start-ups access anonymised data, and providing the benefit of carry forward of losses on change of shareholding of start-ups from seven years of incorporation to ten years.

Suraj Chokani, Founder, Ability Games, said, “It is an excellent budget from every aspect, from our point of view. The FM spoke about 7 major thrusts in the budget, calling it Saptrishi, out of which the 6th pointer spoke about new-age technologies. Recognizing such new age tech in itself is a big boost to the industry as a whole and shows the forward looking character of the Government. Focus on MSME and Startups is also a welcome step from our perspective and will help us go a long way. Overall we are very happy and satisfied with such an inclusive Budget.”

Globally, the AVGC industry was valued at $168 billion in 2021, while the Indian AVGC industry was valued at $1.1 billion, a 28% growth over the previous year, according a report by the AVGC task force. The sector has plenty of room for growth, and the government’s recent decisions such as the proposed self-regulation of the online gaming industry and appointment of MeITY as the nodal Ministry will help boost the sector’s growth.

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Compliance Updates

Pagcor’s efforts POGO-related crimes

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On January 31, 2023, the Philippine Amusement and Gaming Corporation (PAGCOR) learned through a news report that Soleil Chartered Bank issued a statement denying the issuance of a bank certification to Global ComRCI, PAGCOR’s third-party auditor for offshore gaming licensees, whose contract commenced in December 2017.

In relation to this report, PAGCOR would like to reiterate that since the assumption of its new management in August 2022, all contracts – including that of Global ComRCI – were put under review last September 2022.

PAGCOR’s new management is revalidating the veracity of the documents submitted by its third-party auditor, Global ComRCI. Should PAGCOR be able to prove that the documents submitted were spurious, it will immediately take legal action and cancel the contract of its third-party auditor, if found warranted.

PAGCOR would like to thank Senator Sherwin Gatchalian for shedding light on this issue during the senate investigation on January 23, 2023.

The state-run gaming firm reassures the public that it is conscientiously looking into the matter and will take the necessary actions to safeguard public interest. Further, PAGCOR upholds strict adherence of its offshore licensed operators and accredited service providers to whatever laws which may be applicable to them.

 

On offshore gaming-related crimes

Meanwhile, the Philippine National Police (PNP) reported during the Senate Hearing on January 31, 2023 that there was a rise in the number of recorded crimes related to offshore gaming operations in the country from 2019 to 2022.

PAGCOR denounces these criminal acts and will not sit idly in the face of these injustices.

Hence, to safeguard the integrity of the offshore gaming industry in the country, PAGCOR will continue to monitor the lawfulness of the activities of its accredited licensees and service providers. Should they be found guilty of engaging in criminal acts, the state-run gaming agency will not hesitate to impose sanctions and penalties, as provided by the law.

Further, PAGCOR will continue to strengthen its collaboration with concerned government agencies such as the PNP, National Bureau of Investigation (NBI), Department of Justice (DOJ) and the Department of Interior and Local Government (DILG) to combat all crimes being linked to offshore gaming operations.

PAGCOR would like to underscore that as a result of the inter-agency cooperation meeting held last September 2022 involving abovementioned agencies, there have been no reported criminal activities or kidnapping-related incidents of workers in the offshore gaming industry for over three months.

PAGCOR believes that while gaming operations – including offshore gaming – contribute significantly to government revenues, they must not be used as a vehicle for abuse and injustices. As the country’s gaming regulator, PAGCOR condemns these dreadful acts and will ensure that the local gaming industry will maintain the integrity of its operations.

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Gaming

Fractured Sanity – a heart-wrenching VR survival horror experience coming soon on Steam and Oculus App Lab

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Imagine you wake up in a cell in the Triton Institute, an experimental asylum led by Dr. Matthew Simmons. Lately, the clinic has been surrounded by rumors of abuse and inhumane working conditions and it seems that most of the staff has gone missing. All you know is that Dr. Simmons has been conducting research into the tripartite psyche on how to break someone’s id, ego and superego apart. How far has he gone?

Brazilian studio, United Games, invites you to embark on an intense and fully immersive VR adventure. Fractured Sanity is a single-player game developed exclusively for VR where all mechanics and puzzles are realistic and interactive. In this horror survival game, you will engage in a thrilling story and uncover the dark truth about the clinic and how you got there. 

The release date for Fractured Sanity will be announced soon. It’s a dream come true for the developers at United Games to finally be able to share their game with the world. 

Gabriel Marques, co-developer at United Games commented: “Ever since I was 14 when I first read an RPG Maker magazine, I’ve been dreaming of making games for a living. Now, with our first release, I feel like I’ve taken the first big step towards that goal.” 

United Games co-developer Gustavo Longhi added: “Two years ago I wouldn’t have dreamt of developing games, it always seemed so hard and complex to me. Looking back on this process and releasing our first game might be the biggest accomplishment of my life so far.” 

Check Fractured Sanity’s trailer: https://www.youtube.com/watch?v=Ya8EDrp6QPQ

Wishlist Fractured Sanity on Steam: https://store.steampowered.com/app/1954840/Fractured_Sanity/
Wishlist Fractured Sanity on Oculus App Lab: https://www.oculus.com/experiences/quest/5347273738669610/
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