Despite making up a little over 9% of businesses in the Philippines, small- and medium-sized enterprises have been traditionally underserved. It wasn’t uncommon for entrepreneurs to find it a significant challenge to access financial products that are suited to the particular needs of SMEs, and the same can be said of other resources such as technology, tools, and training. This hindered their pursuit of consistent growth and improvement for a long time.
The good news is that this is now changing through the wider availability of digital technologies and services. Empowered by digital tools and systems, financial institutions can now easily offer inclusive products and services that match the capabilities and requirements of SMEs. At the same time, small businesses no longer need to shell out significant amounts of money for tools that will allow them to provide better customer experiences. Entrepreneurs who are looking for tech-savvy financial services and online payment solutions can count on Maya Business for practical options on both fronts. Here are compelling reasons why Maya Business can claim to be the best online payment processing service provider for small- and medium-sized businesses.
Easily Accessible to Small Businesses
The use of a payment gateway can be a game-changer for retailers of all sizes. Maya Business offers an accessible and easy-to-use solution for businesses that have their own websites: Maya Checkout. This online payment gateway can be instantly integrated into e-commerce website builders. This means that it won't take a lot of technical know-how to use the Maya Plugin for Shopify or WooCommerce. Just follow the straightforward instructions for embedding our third-party payment gateway Shopify and WooCommerce users have long used to turn their websites into e-commerce sites. Once this process has been completed, a business can start accepting various forms of payments through its e-commerce website.
A Wide Range of Payment Options
Maya Business’s internet payment solutions are not just easy to use; they’re also quite versatile. Maya Checkout, for one, is capable of processing payments made using credit and debit cards, QR Ph codes, and digital wallets like Maya and GCash. Offering a wide variety of online payment processing services to buyers, in turn, helps ensure that these customers will have frictionless shopping experiences that are convenient enough to convince them to complete their transactions. Buyers are also more likely to continue the checkout process because the online payment processes accepted on an e-commerce website recognize their preferred mode of payment.
Affordable Rack Rates and Exciting Promos
The level of convenience and versatility that Maya offers small businesses come at a relatively lower cost compared to its competitors. For instance, the rack rate for Visa and Mastercard transactions that are processed using Maya Checkout starts at 3.0% merchant discount rate (MDR) plus PHP 7, while for JCB and Amex transactions, it starts at 3.25% MDR + PHP 7 .
In addition to these, businesses that use Maya Checkout have the opportunity to enjoy other perks like the Maya 1-2-3 Grow bundle. Online payment platforms that give lower rates provide entrepreneurs with the chance to reduce transaction costs and reallocate what they can save to other activities that will impact the growth and sustainability of their business ventures.
High Level of Security and Safety
It’s a must for modern businesses, no matter how small, to prioritize the privacy and safety of their customers. Failing to follow best security practices can compromise their financial information and that of their customers, and this can lead to fines and penalties, reputational damage, and loss of trust. Maya understands the importance of digital security, which is why our online payment processing company complies with world-class security features. Maya Checkout, for one, is PCI-DSS Certified and MasterCard 3D Secure. These ensure the safety and privacy of the virtual payment card details that customers use to pay for their online purchases.
Geared toward Effortless Scalability
Maya Business can accommodate businesses of varying sizes, from small startups to larger enterprises. We offer small businesses the means to accommodate a growing number of customers without significantly raising the cost of processing sales transactions. This is a practical option both for small businesses that are experiencing rapid growth and online enterprises that cater to a fluctuating number of customers.
Are you perhaps looking for a payment solution for your small business? You can get Maya Checkout for your e-commerce website and enjoy a host of benefits that will help your business grow. To get started, create your Maya Business Manager account, which will let you automatically enjoy the benefits of the Maya 1-2-3 Grow bundle. For starters, this promo entitles you to a 1% MDR discount on all QR Ph sales. Then, when you open a Maya Business Deposit account and use it as your settlement account, you can enjoy 2.5% p.a. interest and free fund transfers. Signing up for Maya 1-2-3 Grow also fast-tracks you for a Maya Flexi Loan, which you can get in just 3 months and use to fund your operations and business expansion endeavors. Explore the online payment solutions offered by Maya Business today and maximize all these perks and benefits.
