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TransactWorld Review
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These days, it’s impossible to start a business without having an online presence. By that, we mean managing ecommerce services that leave customers satisfied.
Part of this involves giving users cost effective payment solutions when they make a purchase. That’s where a merchant service provider like TransactWorld comes in. With a goal to deliver innovative and cost-effective payment solutions to partners, it’s been garnering immense traction.
They’re the missing link between banks, acquirers, payment service providers, and sales organizations. But are they really delivering the kind of solutions that clients are looking for? Let’s take a look at some of their services in this comprehensive TransactWorld review.
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Effective Payment Gateway and Digital Wallet
A major concern for business owners is that they worry about facing shutdowns. With TransactWorld, you get a merchant service that’s available around the clock, 365 days a year. Its advanced payment gateway is designed to enable all types of international payment methods.
In case you’re wondering about regulatory compliance, the system is PCI DSS certified. Plus, they’re highly efficient and have a multilingual support team. So, they can set up the system for your business in little to no time.
They’ve also got their own digital wallet, called M-Transact, which lets you make payments online and in-store without pulling out your card. You can also use it with alternative payment options such as bank transfer or voucher systems.
Rest assured that M-Transact is secure when it comes to storing and processing client data. And if you’re part of a large corporation, we can even white label the digital wallet to suit your brand.
Risk Tracker for Informed Decisions
When you’re running a business, you need a clearer way to figure out which transactions could end up being risky. TransactWorld has a risk engine that detects, analyses, and manages your customers’ habits, behaviors, and transactions.
The engine collects and analyzes numerous data points to take relevant actions to control and manage online transactions to ensure compliance. With the risk tracker, your support team can steer clear of high chargebacks or return rates.
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Merchant Boarding Software
Want to speed up your merchant boarding process? The TransactWorld boarding manager does this with any alternative payment method or bank service you’re giving customers. Once you select a bank, you’ll get a tailored online form that asks for specific data so you can complete the contract. After that, your data’s stored securely and is made available for other applications and contracts.
This includes mandatory PCI merchant questionnaire. Constant data entries can be a real hassle, especially if you need to apply for different banks across countries. Lucky for you, the boarding manager is just what you need for a paperless and smooth process.
Invoice Making Application
Many new business owners underestimate how much time they’ll end up spending preparing invoices. The sad reality is that you spend so much time invoicing that innovation and product development falls on the back burner. With TransactWorld’s INVOIZR application, you can make online invoices while eliminating the need to purchase pricey POS machines.
With INVOIZR, merchants can share their invoices with customers via mediums like WhatsApp, email, or even SMS, all while getting paid online. Through INVOIZR, you get options like generating, sharing, and canceling invoices. Plus, you can send reminders to clients, asking them to pay outstanding invoices. To save extra time, it’s fully integrated with the TransactWorld platform.
Impressive Security Features
Considering the growing rate of cybersecurity concerns these days, there’s one question on everyone’s mind: is TransactWorld secure and simple enough to integrate? To answer that question, I did a little digging and found that their REST API allows clients to integrate their system with the platform.
All you need to do is copy the code from our webpage and begin the testing process. With Our APIs, you can authorize or refund a payment, and access information about previous transactions, too.
Rest assured that TransactWorld implements its platform according to current payment card security standards. It’s even PCI DSS certified, so its technologies, processes, and security policies are improved consistently.
Similarly, it follows operational and technical requirements for processing, storing, and transmitting cardholder information. That takes security-related concerns off your plate, so you can focus on other things.
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Final Thoughts
To summarize, TransactWorld is a scalable merchant service provider that’s built to support your business, no matter where you’re operating from. The service is integrated with various international banks. So, if you want to operate as a local merchant serving the local community, they’ve got the experience to meet your needs.
Over the years, they’ve handled various custom developments for clients who’ve requested special functionality API to boost performance in their niche. So, even if they don’t have a viable solution for your custom project right now, they can simply upgrade it.