.jpg?width=892&height=595&name=DSCF7519%20(1).jpg)
While traditional cash exchanges remain the dominant form of payment in the Philippines, a majority of Filipinos are already using online payment platforms for an ever-expanding array of transactions. A Visa study found that in 2022, about half of Filipinos carried less cash on them than in the previous year, relying instead on online payment solutions to pay for goods and services. The same study also found that traditional cash payments only accounted for about 64 percent of purchases that year—a historic low for the country.
These trends are expected to intensify for the rest of the 2020s, given that internet payment solutions have been adopted by a vast majority of Filipinos. Today, cashless payments through credit and debit cards, QR codes, virtual payment cards, e-wallets, and wire transfers are fully part of the mainstream financial ecosystem, with a growing number of merchants engaging with at least one online payment processing service.
If you’re an entrepreneur on the lookout for a solid online payment processing company, Maya is the best choice. With massive popularity among small- and medium-sized enterprises (SMEs) and a proven track record for bringing a variety of payment and fintech innovations to the Philippine market, Maya offers the best online payment processing for an increasingly Philippine consumer market. In this article, we’ll explore Maya’s online payments gateway options so you’ll have a better idea of which ones to integrate into your current processes.
Maya’s Online Payment Solutions
Maya offers several highly rated solutions for brick-and-mortar storefronts, e-commerce websites, and even online SMEs that exclusively do business over social media and similar informal platforms. What’s more, Maya’s payment products are trusted not just by SMEs, but also by some of the biggest and best-known local and international enterprises in the Philippines. Read on to find out which payment solutions by Maya Business are best for your online storefront:
Maya Checkout
If you want to use your website or mobile app as a serious e-commerce channel, Maya Checkout is for you. Checkout is an easy-to-integrate payment gateway designed to enable secure digital payments on websites and mobile apps. Not only does it give your online properties a secure gateway for receiving all kinds of cashless and online payments but it also offers features such as real-time authorization, support for T+1 settlement, billing, and automated reporting. Together, these features make Maya Checkout an incredible tool for turning your website and app into serious e-commerce channels.
Maya Plugins for Shopify and WooCommerce
WooCommerce and Shopifyhave emerged as two of the most popular e-commerce website platforms out there. However, sites built on these platforms don’t immediately come with a secure way to facilitate online payments. Thankfully, Maya offers a third-party payment gateway Shopify and WooCommerce site owners of all skill levels can implement themselves.
Maya’s WooCommerce and Shopify plugins make it simple to reconfigure online storefronts to offer all online payment options, including popular local e-wallets such as those offered by Maya.With their high degree of customizability, Maya plugins can help fine-tune visitor experiences, keeping them fully engaged and ready to be converted to paying customers.
Payment Links
If you run an e-commerce business but don’t have a website, you can still have any online payment processed with Maya’s Payment Links. Payment Links lets you accept cashless payments through popular messaging apps, emails, or other places that permit live links. This payment solution works by generating a custom link that your customers can click on to pay however they want. With more Filipino entrepreneurs than ever before solely operating out of TikTok, Facebook, and Instagram, Payment Links is a great way to quickly get on board the online payments revolution.
Maya Invoice Payments
Maya Invoice Payments allows you to create customizable branded invoices that can also be sent over email, chat, or SMS. Your customers can use these electronic invoices to pay through a wide selection of online payment methods.
It also comes with templates for easy customization, allowing you to keep your brand consistent and visible to your customers.
Maya QR
With the new QR Ph standard consolidating all the different payment QRs in the Philippines, getting Maya QR is a smart choice. While Maya QR is an essential payment solution for physical storefronts, it can be a great online payment method as well. Your QR codes can be shared on your websites, social media pages, or messaging apps to facilitate instant, error-free payments straight to your business’s savings account.
How to Request Maya Payment Solutions
To use these payment solutions, you just need to create an account on Maya Business. To create an account, please do the following:
Keep Your Customers Hooked With Maya’s Online Payment Solutions
The Philippine consumer market is incredibly diverse—everyone prefers different payment methods for different needs. Thanks to Maya’s convenient payment products, you’ll be on your way to succeeding in the country’s increasingly complex consumer market.
If you want to take your business even further, give Maya’s 1-2-3 Grow promo a try. Signing up for the Maya 1-2-3 Grow bundle entitles you to a 1% merchant discount rate (MDR) onQR Ph sales for 3 months from promo onboarding. You’ll also enjoy a generous 2.5% p.a. interest on your Maya Business Deposit account, which, when added to Maya Business Deposit’s free online payment processing for PesoNet and InstaPay transfers, can grow your savings beyond your expectations. The bundle also entitles you to a Maya Flexi Loan offer in just 3 months. Experience the ultimate rewards of online payments with the Maya 1-2-3 Grow bundle!
