Running a business in the Philippines today means staying ahead of how customers want to pay. This entails being able to accommodate digital and mobile payments, which are popular options for people who want to streamline their transactions. Meeting customer expectations in this manner lets you process sales quickly and safely. More than that, it shapes how smoothly your customers can check out and how quickly you see the money.
Do you want your customers to benefit from the best payment gateway for small businesses? The local market has plenty of options, and to find one that checks all the boxes, you must know exactly what you’re looking for. To help you narrow down your selection, check out these tips when evaluating payment gateway solutions.
1. Understand How Your Customers Pay
Filipino shoppers aren’t one-size-fits-all. Some reach for their debit or credit cards, while many are more comfortable using an e-wallet on their phone. If your gateway doesn’t cover these payment preferences, you’re forcing people to look elsewhere.
Maya Checkout bridges that gap by accepting a wide range of payment options, including debit and credit cards, e-wallets, and QR Ph. Having the most versatile payment gateway in the Philippines on your website means that you won’t lose a sale just because a customer prefers one payment method over another.
2. Look Beyond Fees and Check Settlement Times
Cost always matters when evaluating payment gateways, but this concern shouldn’t just be about transaction percentages. You also need to know how long it takes before you can access your funds. A lower fee may not mean much if you’re waiting several days for payouts.
When you use Maya Checkout as your payment gateway, you can count on next-day settlement. That reliability helps you manage cash flow without worrying about when your sales will actually hit your account.
3. Put Security at the Center
Customers want to feel safe when they pay you online. That’s why you’ll often see terms like PCI DSS compliance and encryption when comparing payment gateways. PCI DSS is a global standard that ensures cardholder data is handled securely, while encryption is a process by which sensitive information is “scrambled” during transactions to keep it safe from hackers. More than just technical details, these features directly reduce the chances of costly disputes, chargebacks, or damaged customer trust. When shoppers know their payment details are safe, they’re more likely to complete the purchase and come back again.
Just like other Maya Business solutions, Maya Checkout benefits from world-class security features that keep your transactions safe. You can have peace of mind knowing that your chosen payment gateway utilizes fraud detection tools and carries out 3D Secure authentication and CSC verification checks for credit and debit card payments. Being backed by Maya Bank, a BSP-supervised financial institution, further strengthens Maya Checkout’s credibility and reliability.
4. Make Sure It Fits How You Sell
No two businesses run their shops the same way. Some rely on e-commerce platforms, while others build their own sites from scratch. The right payment gateway should adapt to your setup, not the other way around. Maya Checkout stands out in this aspect by having plug-ins for popular platforms like Shopify or WooCommerce and APIs for custom builds. By using Maya Checkout, you can get started without having to overhaul your system.
5. Think About the Checkout Experience
Checkout is often the make-or-break moment. A complicated process or slow mobile interface is enough to push customers away. The payment gateway you choose should make payments feel easy, especially on smaller screens. To reduce friction for shoppers, Maya Checkout has a streamlined design and process. Tools like “authorize and capture” also give you flexibility by reserving funds when the order is placed and capturing them once you’ve fulfilled it.
6. Plan for Growth, Not Just Today
Your payment needs will change as your business scales. What works for a handful of weekly sales may not be enough when you’re handling hundreds or thousands. As such, when checking out payment gateways, look for features that can grow with you, like automated reporting, recurring billing, or custom pricing.
Built with growth and scalability in mind, Maya Checkout lets you adjust authorized amounts and offers custom pricing for high-volume merchants. Having these options means that you won’t have to switch platforms as your needs evolve.
Take the Next Step Toward Smarter Payments
With Maya Checkout, you get a payment gateway that’s secure, fast, and flexible, which is exactly what growing Philippine businesses need to compete in today’s market. Sign up for Maya Business to simplify how you accept payments and strengthen the way your customers experience your brand.
In addition to having easy access to Maya Checkout, setting up a Maya Business account lets you open a Maya Business Deposit account and use it as your settlement account. With an industry-leading 2.5% per annum interest rate, you’ll earn PHP 25,000 in interest per year on a PHP 1 million deposit. You’ll also be able to send money to your partners and suppliers for free via InstaPay and PESONet, reducing the cost of transferring funds.
Plus, you’ll qualify for a no-collateral Maya Flexi Loan offer of up to PHP 2 million in just 3 months. You can use this fund to further develop your business. Just use Maya as your primary processor for all wallet and card payments. The more you use our solutions, the better the loan offer will be.
Sign up for Maya Business today and start maximising the benefits of growth-driven payment solutions.
