DEV Community: Md Aminul Islam

Payment Gateways for Unregistered Businesses

Md Aminul Islam — Fri, 04 Nov 2022 05:43:28 +0000

In this post, we are going to discuss the payment methods that you can use though your business is still unregistered.
An online payment method is very important for any business. Opening an account on any online payment gateways for personal use is easy but opening an account for your business is not much easy. You need to go through a verification process before using the payment gateway.
But there are some popular payment gateways that can provide your business account for your unregistered business. Let's take a look at them.

Best gateways to receive payments for unregistered businesses.

Now we are going to see some payment gateways that can be a good solution for receiving payments for unregistered businesses.

IntaSend

If your business is still unregistered then IntaSend can be the perfect payment method for your business. Compared with other payment gateways, the IntaSend transaction fee is only 3.5% with a payout time of 2 days, whereas another payment method PayPal charges more than 4.4% with a minimum payout time of almost 10 days. Besides, IntaSend provides you with faster transactions than any other payment method.
To sign up for IntaSend, all you need to have is a national ID only which makes it easy for freelancers and unregistered businesses. Learn more about IntaSend here.

RazorPay

RazorPay is another payment gateway that supports unregistered businesses. Through the Razor payment link, you can easily get paid instantly. Through this link, you can get payment from your customers by using social media platforms like WhatsApp, Instagram, Facebook, SMS, and more. Razorpay allows you to send automatic reminders to your client that will notify them about the payment. If your business contains a Facebook page then you can add Razorpay to your Facebook page and accept payments from the customer instantly. Another exciting feature of Razorpay is that you do need not to integrate the payment method. With the help of Razorpay, your business can go online with zero integration and tech efforts. Learn more about RazorPay here.

Lyra

Lyra is another payment method that supports unregistered businesses. If you are a freelancer, a home-owned business, a social media business owner, or a professional, accepting payments is going to be easier than other payment methods. Lyra accepts payments for both registered and unregistered businesses. Lyra provides you with a simple and hassle-free solution for digital payment acceptance for businesses of a variety of sizes and natures. Learn more about Lyra in this link.

Paypal

Another popular payment method for unregistered businesses is PayPal. You can receive payment by using your personal PayPal account. But if you want to open a business account on PayPal, you need to verify your business first. This makes PayPal not highly recommended for businesses that aren't registered yet. But you can still receive payments from your PayPal account by following some rules and limitations. Learn more about PayPal here.

PayTM

You can use PayTm for any kind of business. It doesn't matter whether the business is registered or not. PayTm allows you to sign up for the Starter Plan with your personal PAN. You can upgrade your account later when your business becomes registered. But you will have some limitations if you are running with the starter plan. Learn more about payment here.

Stripe

Stripe is also available for integrating payment on unregistered businesses. Through Stripe, you can sell your product though your business is still unregistered or you run it personally. There are two kinds of signing up available in Stripe. The first one is a Sole proprietorship and the second one is called a Partnership. Here Sole proprietorship means you do not have a separate entity and operate by yourself and the Partnership means you run the business with others. Stripe provides you with 24x7 customer support. Learn more about Stripe from this link.

Conclusion

To get better support, I especially suggest gathering all the necessary documents to get a business account on any online payment portal. Though some popular payment gateways allow you to integrate payment methods for your unregistered business, there are some limitations. Besides, to enlarge your business it is very important to have a verified payment method.

References

https://ecommthatworks.com/payment-gateway-for-unregistered-business/
https://intasend.com/unregistered-freelance-businesses/
https://razorpay.com/freelancer-unregistered-business/#:~:text=Razorpay%20empowers%20freelancers%20and%20other,solution%20that%20people%20instantly%20love.
https://www.lyra.com/in/freelancer-unregistered-business/
https://business.paytm.com/support/i-havent-registered-my-company-yet-can-i-get-a-payment-gateway

Wallet as a Service API

Md Aminul Islam — Sat, 29 Oct 2022 15:19:44 +0000

In this post, we will discuss Wallet as a service API in brief.

What is wallet as a service API?

Wallet as a service API is an Application Programming Interface (API) that enables developers to build digital wallets. Using a Wallet as a service API is time-efficient and budget friendly. Today we are using the digital version of finance where we do need not to carry cash or any equipment for payment. We can easily pay anywhere anytime by using any digital wallet and Wallet as a service API is the backbone of this digital finance. Cryptocurrency is one of the best examples in this topic where there is no physical body of your money. Besides the WAAS API changes the face of banking industries.
Through the help of WAAS (Wallet as a Service), you can easily get paid from any place in the world by using just a mouse click or a single touch. From the side of security, digital wallets are more secure than any other physical payment method.

How Does Wallet as a service API work?

Wallet as a Service API is used to create Digital wallets which is the place where you can manage your money without touching it physically. When a user wants to use Digital wallets, the first step is to open an account. After that, he can save or manage their money in digital currency. Now if the user works with cryptocurrency then using the Digital wallet is major for them because the cryptocurrency doesn't contain any physical body. Making any payment through Digital wallets, it is very safe in comparison with other physical methods.
With the power or wallet as a service API, digital wallets can track your payment and also save sensitive information. Also, there is a record of your payment that you can use if any unwanted situation happens. Besides, the Wallet as a service API enables you to create a connection between your digital wallet account and Bank account through which you can easily deposit or withdraw money without going to the bank physically.

Some recommended Wallet as a Service API

Let's take a look to some mostly used and popular Wallet as a Service APIs:

IntaSend WAAS API

IntaSend offers wallets as a service API to customers, developers, and businesses. IntaSend provides a suite of products and services for developers, which includes a platform for building, testing, and managing digital currency-based applications on the IntaSend network. IntaSend provides a suite of tools for building and executing payment flows on the IntaSend network, including a payment console for building and testing payments, a balance API for accessing a digital currency balance, and a secure messaging API for sending over-the-air transaction notifications. The platform also offers a suite of developer-focused services including a set of APIs (wallet as a service and payments API) for building digital wallets. For more details visit IntaSend homepage and Wallet As A Service API - 9 Best Use Cases.

Google Pay WAAS API

Google Pay is a WAAS API that use to create digital wallets. It provides you fast access to offers by using the Google Wallet API. It makes it straightforward for your customers to add offers to Google Wallet on their phones, providing easy access at the right time. It allows you to connect your bank account with your digital wallet. The most interesting feature of google pay is the group payment. This feature allows you to send or request money from a private group. It is easy to use and simple. It is available for both IOS and Android. Learn more about Google Pay.

MataMask WAAS API

MetaMask is mostly used as a digital wallet for crypto through which you can easily manage cryptocurrencies. These digital wallets contain more than ten millions active users. MetaMask is available as a browser plugin for Firefox and Chrome. It also available for Android and IOS platforms. Metamask is best for interacting with the Ethereum blockchain as it comes pre-loaded with fast connections to Ethereum. MetaMask is a global community of developers and designers dedicated to making the world a better place with blockchain technology. Learn more about MetaMask here.

Conclusion

Wallet as a service is a new trend in digital payment systems. It is highly secured and updated day by day. Wallet as a Service API contains all the necessary services and mechanisms to build a digital wallet system. You can easily integrate a payment system into your business by using Wallet as a service API and make it easier for your customer to pay.

References

https://intasend.com/payments/wallet-as-a-service-api-9-best-use-cases/
https://rapidapi.com/blog/bitcoin-blockchain-cryptocurrency-apis/
https://www.gemini.com/cryptopedia/what-is-metamask-how-to-use-metamask-extension#section-what-is-meta-mask
https://developers.google.com/wallet/retail/offers

IntaSend

Md Aminul Islam — Sat, 29 Oct 2022 11:11:14 +0000

Intasend

If you are looking for a perfect payment solution for your business, then IntaSend may be the best choice for you. This post will discuss IntaSend in brief and also we are going into the features and working process of IntaSend.

What is Intasend?

IntaSend is an initiative of IntaSend solution that provides digital wallet service. The company IntaSend Solutions Limited is a technology company registered in Kenya. IntaSend provides it using a secure payment method to receive payments from worldwide locations. It provides multiple ways to receive payments from your customer. The company is trusted by tens of thousands of people paying IntaSend merchants every month.
IntaSend contains over 99.99% success rate for card payments, Pay with Bitcoin, ACH, and Mobile payments. IntaSend dynamically routes transactions through different gateways and processors, ensuring optimal payment routes, and high success rates. Learn more about IntaSend on this link.

Why it's best for your business?

Payment security is a major issue today for any kind of business. IntaSend is more highly secure than any other digital wallet and it is a legally registered company and also PCI-DSS compliant. It is recognized and registered as a secure digital wallet service provider by Visa and other partners. So it will not only secure your money but also the sensitive information regarding the payment. IntaSend also provides you some exciting features like the below,

Card payments:
IntaSend accepts major cards including MasterCard and Visa - debit and credit cards. Easily get paid in a 3D secure and PCI-DSS compliant environment. Card payments take 2-3 days to clear.
Bank transfer:
We enable you to get paid through bank transfers. Get paid through ACH even without a US account. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.
Pay with Bitcoin:
Is the new way of getting paid - funds are made available for withdrawal the same day. We payout in USD to help you minimize risk with the crypto-currency price volatility.
Mobile money:
Ideal for local strategy and expansion. M-Pesa payments are instantly available for withdrawal. Use our M-Pesa API for mobile billing and business payments automation.

So, when you will compare the features and services of IntaSend with other payment methods or digital wallets, you can see that It's a strong competitor and the best choice for any business. Learn more about the working process of IntaSend in this link.

How to get started?

It is very easy to get started with Intasend as a new user. All you have to do is just follow the below steps,

Create an account: This is the first step where you need to signup for IntaSend.
Choose how you want to get paid: In this step, you need to select the method of getting paid from your customer. You can choose a payment request link or you can integrate an easy-to-use payment API.
Share and get paid: Get paid from your customer.

Through the help of IntaSend, you can send invoices directly from your account dashboard and it will send a payment request to your customer with an easy checkout link for making payment. You also can generate a Payment link that you can share on email or other secured messaging apps. You also can integrate IntaSend API on your website or mobile application.

Let's take a look at what other people say about intasend.

"I would like to commend your service and especially point out your outstanding quick turn-around in processing payment and your after-office hour's support. We are glad that you can be reached 24/7 for queries and round-the-clock support." - Peter Nyotta, Twende Worldwide Tours and Travel Ltd

Conclusion

IntaSend provides an easy and secure way to send or receive payment from customers around the world, It is a globally trusted payment method that is supported by Visa and other payment partners. It supports all major cards like Visa and MasterCard. Also, it supports other payment methods like ACH payments. You also can pay with cryptocurrencies such as Bitcoin too. As it supports multiple ways to pay, your clients can choose the best method that works well for them. This also increases your revenue and success rate.

References

https://intasend.com/
https://intasend.com/accept-online-payments/
https://intasend.com/about/

Wallet as a Service

Md Aminul Islam — Tue, 25 Oct 2022 16:47:27 +0000

What is Wallet as a Service (WAAS)?

Wallet as a service also known as the Digital Wallets or E-wallet allows users to create digital payment accounts to receive or pay payments from various sources. It also allows you to create a virtual card, make deposits, withdrawals, transfer or perform any other payment-related task online.

Why Wallet as a Service (WAAS)?

Wallet as a Service creates a secured channel between you and your customer or marchant to send, receive, and transfer your payments securely. The best part of the technology is that you need not keep any physical cards or cheques with you to make payments. This helps you to prevent unwanted situations like losing payment cards, cheques, etc.

Best wallets of 2022 that you should try

IntaSend
IntaSend is an initiative of IntaSend Solutions Limited. It provides multiple ways to get paid from customers instantly. The acceptable payment method in Africa with IntaSend are as follows,

Card Payments: IntaSend accepts major cards including MasterCard and Visa - debit and credit cards. Easily get paid in a 3D secure and PCI-DSS compliant environment. Card payments take 2-3 days to clear.
Bank transfer: We enable you to get paid through bank transfers. Get paid through ACH even without a US account. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.
Pay with Bitcoin: This is the new way of getting paid - funds are made available for withdrawal on the same day. We payout in USD to help you minimize risk with the crypto-currency price volatility.
Mobile money: Ideal for local strategy and expansion. M-Pesa payments are instantly available for withdrawal. You can use M-Pesa API for mobile billing and business payments automation.

Besides, IntaSend is secure as it is a legally registered company and PCI-DSS compliant. It is recognized and registered as a secure payment provider by VISA and other payment partners. Learn more about IntaSend here.

Paypal
Paypal is a digital wallet and online payment method through which we can easily send or receive money safely. You can easily connect your Bank Account, credit cards, and debit cards to your PayPal account. The major features of PayPal are as follows

Secure transactions
When you are making payment with Paypal, it provides some extra security to your payments so that the merchants can't able to see your sensitive data. It provides end-to-end data encryption, two-factor authentication on account login, and email confirmation during transactions.
Easy and convenient
Paypal contains a large number of payment options like Visa, Mastercard, Discover, and American Express along with millions of online stores available. It is very easy to make a payment with cards that are linked to your account.
Learn more about PayPal here.

Apple Pay
Apple Pay is another popular wallet. It is a safe, easy and secure payment method that is accepted by over 85 percent of retailers in the United States. It is faster and easier than using cards or cash. Let's take a look at the features that the apple store provides,

Faster and easier than using cards or cash
Privacy and security built-in
Accepted on millions of websites and apps.
Checkout is easier online with Apple Pay. All apple devices contain Apple Pay built-in so if you are an Apple user, you need not download the app separately. Learn more about Apple Pay here.

Google Pay
Google Pay is another wallet service provided by Google. It is safe and simple to pay and manage your money. It is available for both IOS and Android. The most interesting part of Google Pay is that you can make group payments. Now Group payment means sending or requesting money from a private group. Like other wallet services, Google pay also allows you to connect your cards and accounts with your digital wallets and make payments from them safely and easily. Google pay provides you full transparency, control, and security on each payment you made. Learn more about Google Pay here.

Cash App
Cash app is another popular digital payment wallet. The Cash app helps you to make payments instantly, anytime, and anywhere. And it's free. Cash app provides its users with a customizable, fee-free debit card to use anywhere. Besides you can buy stocks and bitcoins with these wallets which means you can also invest and earn money from here. Cash App uses advanced security features to secure the private data of millions of people and payments. Learn more about Cash App here.

Benefits of Wallet as a Service (WAAS)

Wallets as a Service (WAAS) provides you and your business with numerous benefits like the below,

Making faster payments.
Secure way to pay.
No need to carry physical payment equipment like cards, cheques, etc.
Provides security for private information for both accounts and payments.
Worldwide acceptance.
Keeps digital records for each transaction.
Easy to use.
Some digital wallets provide free services for personal use. Also, Wallet as a service become more popular today for cryptocurrencies for its security and easy to handle.

Conclusion

In the end, we just can say Wallet as a Service (WAAS), generally known as Digital Wallets or E-Wallets provides us with a smart way to pay without using any physical equipment like cards, cheques, or any Bank related papers.
Besides it also helps us on managing personal finance. Through this technology, you can track your expenses and fix you daily budgets.

References:
https://www.bankrate.com/finance/credit-cards/guide-to-using-paypal/
https://www.paypal.com/us/webapps/mpp/home
https://tangany.com/blog/what-is-wallet-as-a-service-and-hows-it-different-from-blockchain-as-a-service/
https://cryptoapis.io/blog/87-what-wallet-as-a-service-can-do-for-your-business#:~:text=great%20user%20experience.-,Robust%20Security,of%20dealing%20with%20it%20directly.