Payment Gateway Poland Provides Surprising Growth And Financial Freedom To Your e-Commerce Business

Accept Credit Card Payments Online is the vision of every e-commerce merchant in Poland. Given the overall state of the economy, it is certain that the e-commerce market is expanding at an astonishing rate. In 2018, the gross domestic product increased by 5.1%. Private consumption and robust consumer confidence, supported by rapid wage growth, have been the key drivers. This favorable growth is, however, cut down by the economy's slowing employment levels. Given these circumstances, it is not surprising that Poland is anticipated to experience double-digit e-commerce growth through 2021, making it one of the most active European markets we looked at.

The Incorporation of Payment Gateway For Ecommerce

Bank transfers currently account for 50% of all e-commerce transactions in Poland and account for €5 billion in annual sales. Up to 2021, this technique is anticipated to expand at a compound annual growth rate of 8%, although the quick ascent of cards as a form of payment will reduce the overall share of transactions handled by bank transfers. Cards will indeed dominate the payment market, accounting for about 30% of it by 2021, with a compound annual growth rate of 25%. As more consumers opt to use cards instead of cash to pay for goods and services, Mastercard and Visa are becoming increasingly popular.

Fraud in e-commerce is rare in Poland. Compared to a European average of 2%, the country's online buyers experience fraud at a rate of about 1% annually. This is due, in part, to a correlation between the prevalence of e-commerce fraud and nations with very high card usage. Bank transfers are prevalent in Poland, although scammers tend to utilise them less frequently than other payment methods. Although card usage in Poland is still relatively low, it is growing swiftly, therefore businesses should be ready for an increase in fraud efforts.

Despite The Low Level of Fraud, Online Payment Processing Use is Increasing

Fraud in e-commerce is rare in Poland. Compared to a European average of 2%, the country's online buyers experience fraud at a rate of about 1% annually. This is due, in part, to a correlation between the prevalence of e-commerce fraud and nations with very high card usage. Bank transfers are prevalent in Poland, although scammers tend to utilize them less frequently than other payment methods. Although card usage in Poland is still relatively low, it is growing swiftly; therefore businesses should be ready for an increase in fraud efforts.

Popular Payment Gateway Providers in Poland

Instant Bank Transfer With Inteligo (local)

Customers of Inteligo Bank (Poland) can make purchases online and pay with online bank transfers. Customers use their trusted home banking environment, and businesses profit from fast settlement and payment guarantees.

Instant Bank Transfer Using Millennium Bank (local)

Customers of Millennium Bank can make purchases online and pay with online bank transfers. Payment assurance and prompt settlement are advantageous to merchants.

MasterCard

One of the most well-known online payment systems and leading credit card companies worldwide is MasterCard. With more than 35 million acceptance sites (points of sale and online) in more than 210 countries, MasterCard is truly a global payment brand. It supports 150 currencies.

Instantcharge

Instantcharge is a well-known Online Payment Gateway International service provider. Nowadays, one of the safest and most dependable ways to make payments online is using PayPal. In Poland, you have full access to our solutions, including the ability to accept payments for your business. In addition to accepting payments, Instantcharge is used in e-commerce to pay for goods and services on platforms and markets where conventional debit and credit cards are not accepted.

VISA

One of the most popular online payment systems and the biggest credit card company worldwide is Visa. With over 170 countries accepting Visa at POS terminals and online, the company is a global leader in payments.

PayPo

In Poland, Paypo is a "shop now, pay later" payment option. When checking out, customers can choose Paypo, which allows them to pay for their purchases at a later, interest-free date.

The Comprehensive Payments And Commerce Solution For Accepting Online Payment Poland

Payout system

With automated payouts to 190 countries in more than 150 currencies, expand your seller base. Through quick payments (including bank transfer, card, and e-wallet) and a complete financial services ecosystem, you'll enable your sellers and encourage business growth - all through simple API integration.

Fraud and Risk Control

Utilize cross-platform data insights and machine learning algorithms to reduce your possible exposure to fraud and financial risk. You'll be able to identify problematic actors and repeat offenders, stop abusers from joining, and deploy thorough KYC services suited to business requirements. You may get the insights you need for strategic decision-making from customizable reports.

Optimization of FX

You will receive support for FX conversions in more than 30 currencies thanks to vast worldwide banking infrastructure. The bundle includes reasonable FX rates, minimal fees and levies, and a smooth and clear converting process.

Regulation Observance

Utilize a platform that is PCI DSS Level 1-certified with assurance. Additionally, frequent audits are performed on our unique anti-money laundering (AML) algorithms and KYC verification procedures.

Tax Strategies

Use our self-service tax form processes to save yourself from the stress of obtaining documentation from payees. When a payee registers, they get an email with a personalised link that walks them through the entire process. All W- forms are gathered and by with IRS regulations.

Payment Gathering

Utilize the API to automatically debit a willing user's account, eliminating chargebacks and the hassle associated with monitoring payments. Lower operational costs will benefit you and your payees alike. Even additional services on your platform can be purchased by your payees using their balance.

Examined Sellers

Access a five million seller global network that has been verified via our standard AML and KYC processes. Additionally, you may swiftly and simply contact payees everywhere in the globe thanks to our global reach.

Employing Money

Allow payees to Accept Local Payments and give them the money they require to seize new opportunities and pay for ongoing operating costs. One of the most efficient ways for your marketplace to drastically raise its offer-acceptance rate is through our Working Capital offering.

Invoices Payable

Streamline your financial processes to save time, cut down on mistakes, and get rid of late payments. The global accounts payable platform is a comprehensive, fully automated invoice management and payment system that guarantees dependable, secure, and compliant cross-border payments to your suppliers worldwide in over multiple currencies.

How Instantcharge Can help you get the Best Payment Gateway Poland For Your Business?

You can utilize Instantcharge to make quick and easy Payment Gateway Integration for your online purchases using the information from your online banking. The retailer receives immediate confirmation of the transfer order and has the option of immediately shipping the items or approving the download. You won't need to give the retailer any personal information or credit card numbers by using your own secure online banking information.

We offer a variety of electronic payment options, including bank transfers. We provide a means for users to pay with multiple banks, and bank transfers make up between 80 and 90 percent of online payments in Poland. Customers are redirected to our website to validate payments, and there is immediate notification of the success or failure of a payment. Here are some of the benefits that you can get from us;-

  • Expand your worldwide vendor base and quickly enter new markets.
  • Give vendors speedy payouts and a variety of payment options.
  • Take comfort in working with a trustworthy, capital-rich partner.
  • Select a platform with white-label options that are tailored to your needs.
  • Access a worldwide banking network with redundant multi-layer technology.
  • Utilize cutting-edge cybersecurity to reduce risk

Summary

Bank transfers currently account for 50% of all e-commerce transactions in Poland and account for €5 billion in annual sales. Up to 2021, this technique will expand at a compound annual growth rate of 8%, although the quick ascent of cards as a form of payment will reduce the overall share of transactions handled by bank transfers. The rise of digital wallet services is being aided by Poland's high rate of mobile banking adoption and general openness to innovative payment methods.

A website that accepts payments must have payment gateways. A good Online Payment Service Provider will also significantly accelerate the development of e-commerce companies. However, to ensure safe and protected checkout, you require a user-friendly payment gateway that allows different payment methods. Moreover, Limited payment alternatives are one of the variables contributing to larger checkout page bounce rates and cart abandonment rates compared to other website pages.