The steady rise of e-commerce has led businesses to rely on payment gateways to provide a seamless shopping experience to customers. With people increasingly expecting the convenience of online payments, businesses without a payment gateway may struggle to capture sales and meet these evolving demands. That said, setting up a payment gateway isn’t always an immediate option for every business, depending on their current circumstances.
Fortunately, not having a payment gateway—or a website, for that matter—doesn’t mean your business has to miss out on sales or growth. You can still take advantage of several alternative solutions that let you accept payments, process transactions, and keep your revenue flowing smoothly. In this article, we’ll discuss these options and show how they can help you meet customer needs, simplify the payment experience, and drive business growth, even if you don’t have a full-featured e-commerce website.
1. Maya Payment Links
Payment links are simple URLs that direct your customers to a secure payment page where they can easily complete their transactions. The challenge is finding a provider that offers a safe, reliable, and flexible payment link solution. With Maya Payment Links, you can send a payment link to your customers via their preferred messaging app, whether it’s SMS, WhatsApp, Messenger, Viber, Telegram, or another popular messaging app. All you need to do is sign up for a Maya Business account, which lets you generate a free and unique payment link that you can use for all your payment transactions going forward. You’ll also receive notifications via email and your Maya Business Manager dashboard when payments are completed, making it easier to keep track of every link payment transaction.
What sets Maya Payment Links apart is its ability to accept and process a range of payment methods, including credit and debit cards, e-wallets, and QR Ph. This flexibility allows you to cater to different customer preferences. As mentioned, you’ll be using a single payment link for all your transactions, simplifying payment management and reducing confusion on the part of customers. Overall, it’s a straightforward and effective way to get paid, even without a payment gateway on your site.
2. E-Wallet or Digital Wallet Fund Transfers
E-wallets or digital wallets have become a popular payment method, thanks to their convenience and security. Options like the Maya Wallet let you accept payments directly from customers through your own wallet account. Payments are quick and hassle-free, with most e-wallets only requiring the receiver’s registered mobile number.
By accepting payments through e-wallets or digital wallets, you can tap into a growing customer base that values the speed and simplicity of this transaction method. It’s a simple and secure way to process payments, enabling you to serve customers who prefer managing their finances digitally, even if you don’t yet have a dedicated payment gateway for your e-commerce site.
3. Electronic Bank-to-Bank Transfers
Bank-to-bank transfers provide a secure and reliable way to accept payments directly from a customer’s bank account to yours. In this method, you share your bank account details (such as your bank, account number, and name) with your customers, who then initiate the transfer via their bank’s online platform or app.
This payment option is especially well-suited for larger transactions or customers who prefer a more traditional payment method. While electronic bank-to-bank transfers are generally reliable, they may not always offer the convenience of more modern payment solutions, especially if you and your customers have to make interbank transactions. Still, they remain a trusted method and can effectively meet your business needs.
4. Over-the-Counter Bank Deposits
Over-the-counter (OTC) bank deposits allow customers to visit a bank branch in person and deposit money directly into your business’s deposit account. You simply provide your account details, and the customer completes the deposit either via cash or bank transfer at the counter. While not as instantaneous as other payment methods, OTC deposits are still an effective option, especially for customers who prefer in-person transactions or don’t have access to online banking.
5. Money Remittance
Money remittance services provide another way to receive payments, particularly for long-distance transactions or customers who prefer to transact in cash. Customers can send money to your designated remittance account, or you can opt to pick up the cash at a remittance center. These services are still widely accessible in the Philippines and are particularly useful for reaching customers in areas where online payment systems may not be commonly used.
6. QR Code Payments
QR code payments are an increasingly popular way for businesses to accept payments without the need for a complex setup. By generating a QR code linked to your payment account, customers can simply scan the code with their mobile phones and use their e-wallet or banking app to complete the transaction. For instance, Maya QR lets you create a unique QR code for your business, which you can share on your website or social media pages. This gives your customers an alternative way to pay for their purchase, even if your website doesn’t have a payment gateway.
Accept Customer Payments Seamlessly with Maya Payment Links
By exploring the payment methods discussed above, you can keep your online business running smoothly even without a dedicated payment gateway. Maya Payment Links, in particular, offer great flexibility and security that your business can surely benefit from. Sign up for Maya Business to generate your own payment link and make payments more convenient than ever for your customers.
Setting up a Maya Business account lets you open a Maya Business Deposit account that you can use as a settlement account. With an industry-leading 2.5% per annum interest rate, you can count on your PHP 1 million deposit to earn PHP 25,000 in interest per year. On top of that, you’ll be able to send money to your partners and suppliers for free via InstaPay and PESONet, allowing you to save more.
Signing up also qualifies you for a no-collateral Maya Flexi Loan offer of up to PHP 2 million in just 3 months, which you can use to support your business’s growth. Don’t forget to keep using Maya as your primary processor for all wallet and card payments as well. The more you use our solutions, the better the loan offer will be.
Sign up for Maya Business today to enjoy the benefits of Maya Business solutions and make accepting customer payments easy and hassle-free for your business.
