by Are you looking for the “Payment Gateway Provider Morocco”? Well, this is the right destination for you, if your answer is yes.
Morocco’s e-commerce market is still modest but expanding. In terms of e-commerce, the nation is rated fifth in Africa. The second-highest rate of internet penetration in Africa is in Morocco. Online purchases made using domestic cards will rise by 43% in 2020, according to the Interbank Electronic Banking Center (CMI). The digital revolution and an e-government policy that prioritizes financial inclusion are likely to lead to an increase in e-commerce in Morocco.
According to reports, Morocco’s eCommerce industry generated $1.9 billion in total sales in 2022 and is projected to reach $3.3 billion with an 18.56% growth rate by 2025.
The major factor driving Morocco’s booming e-commerce sector is the country’s current internet penetration rate of 84%, which has inevitably expanded the country’s use of online shopping and payment options. Morocco’s growing internet penetration rate and other useful resources are being utilized by online selling platforms and marketplaces there.
Currently, Morocco also become the best eCommerce market in Africa, and somewhere its credit goes to a suitable payment service provider. You can get many service providers in Morocco but not all are suitable for all types of enterprises.
Here, we will discuss the way to pick the payment service provider in Morocco and the best payment gateway provider available in Morocco. So, let’s start.
What To Look For Payment Gateway Provider Morocco?
Payment gateways are essential for any online business but not all payment gateway providers are the same. Here, we will discuss some distinguishing factors which help any merchant to choose the best payment gateway for their online businesses.
Futuristic Security Tools –
In Morocco, there is a high instance of credit card fraud. Due to this reason, most of the U.S. companies have blocked access to Moroccan Internet Service Providers. So, it is essential to pick the best payment service provider that has the best and most futuristic security measurement tools. Ensure that your service provider offers you the –
- Fraud detection tools
- Anti-chargeback tools
- Encryptions
- Tokenization
- PCI DSS Level-1 compliance
Cost –
Every service provider has their pricing structure. Generally, the merchant has to pay the per-transaction fees and monthly subscription fees. Some of the service providers also ask you to pay account maintenance, statements, setup, chargebacks, or PCI compliance fees. If your business is high-risk then of course you have to pay higher fees.
While subscription rates can range from $10 to $30 per month, your transaction fee will probably only be a few cents. Instead of only choosing the cheapest option, we advise considering the total value the payment gateway provider provides when comparing costs.
Various Payment Methods –
None of the merchants want to miss out on their sales because of the lack of customers’ preferable payment methods. Therefore, you have to go with the service provider that accepts the majority of credit cards worldwide such as Visa, MasterCard, American Express, Discover, etc.
Along with credit cards, it also offers you other payment methods according to your target locations. If you are running a global business then ensure that your payment service provider accepts the multi-currency from worldwide. Some of the most popular payment methods worldwide are –
- Credit/debit cards
- Net banking
- Mobile Payments
- E-wallets
- Bank Transfer
- Cryptocurrency
Compatibility –
As a merchant, you have to choose the payment gateway provider that is compatible with your specific merchant account online websites and also hassle-free integrates with it. Having an API is beneficial in case you need to modify the integration. It is ideal for your payment gateway provider to support the majority of significant merchant acquirers, eCommerce platforms, and marketplaces.
If you are running a high-risk business then you ought to look for a payment service provider that is specialized in dealing with high-risk businesses.
Integrated Vs. Non-integrated –
Some providers of payment gateways have a built-in merchant account, but others come separately and are linked with a variety of different third-party merchant accounts. Flat-rate pricing and extra features like POS software are typically offered by integrated payment gateway providers. You have more freedom with non-integrated payment gateways to choose the merchant account that best suits your company. You can go with anyone who suits your business requirements.
Customer Services –
Your business could suffer greatly if there is a problem with your payment gateway and you are unable to accept payments for a while. Therefore, choose the payment gateway provider that offers 24/7 customer service. It will be beneficial for your online businesses.
Best Payment Gateway Provider In Morocco –
In Morocco, most U.S. company does not provide their services because Morocco has high instance of credit card fraud. So, it is quite challenging for the merchant to choose the one that fits their business’s needs. Without wasting any time, we suggest you choose PayCly as your payment service provider.
As “PayCly” we offer you the best possible solutions for your businesses. Suppose you are running a high-risk business then we offer you a high-risk payment gateway, high-risk merchant account, and credit card processing. That’s the reason we are one of the best payment service providers in this world.
With us, the merchant can also get a suitable merchant account because we have deal with most of the acquiring banks and service providers in this world. We will approve the high-risk merchant account within three to seven working days with all the proper documents.
PayCly, help merchant expand their businesses at a global level, and as a result, the merchant can gain more and more profits.
What Benefits You Can Get With the PayCly?
PayCly offers many benefits to the merchant which help them to run their businesses smoothly and hassle-free. Some of the benefits of using the PayCly as your payment gateway provider is –
- Compatible with all types of businesses such as high-risk, low-risk, or mid-risk.
- It is a one-stop solution. It means that the merchant can get the payment gateway, credit card processing, and merchant account at one place, according to the business requirements.
- With us, a merchant account can hassle-free get approved.
- Security is our top priority so we have PCI DSS Level 1 compliance. We also offer anti-fraud and anti-chargeback tools.
- With us, your customer can make the payment the way they want because we offer various payment methods.
- Our services are available worldwide.
- We support most currencies worldwide.
- We have the best customer support services in the world.
- Our integration process is simple and hassle-free.
Final Thoughts –
With eCommerce sales of US$1.7 billion in 2021, Morocco is the 70th-largest market. The eCommerce market in Morocco increased by 17% in 2021, which helped to drive a global growth rate of 18%. So, it is the best place to invest. But, while establishing your online businesses, you need a suitable payment gateway provider Morocco.
Consider your business goals, consumer needs, and crucial security considerations when selecting the best payment gateway provider for your online store. We recommended you choose PayCly as your payment service provider in Morocco.
It will boost your company’s lifespan, high levels of customer happiness, client trust, internet visibility, and durability. It will also help your online businesses grow significantly.
Feel free to contact us through mail – info@paycly.com or directly drop your query here – https://paycly.com/apply-now.php any time to know more about our services.
