How Startups Can Accept Online Payments in UAE?

Beginning an online business has never been as worthwhile as it is today. The quantity of new businesses in the digital space has developed significantly over the recent years. Some may state it’s a prevailing fashion, yet we have faith in the pioneering soul of UAE. It’s an incredible chance to begin an online business, particularly since UAE is grasping digital payments to an ever increasing extent.

Startup business visionaries for the most part center around different business angles like structure an alluring and useful site, guaranteeing the gracefully chain is solid, and that’s just the beginning. Be that as it may, aside from these, online organizations ought to likewise concentrate on the most ideal approach to gather payments.

Online digital payments can be acknowledged by organizations through numerous ways, each with its own arrangement of favorable circumstances and difficulties. The key channels are:

1) Integrating with a bank’s payment gateway – A payment gateway provided directly from a bank (also called a second party payment gateway) allows online businesses to process payments via debit cards, credit cards and net banking and is supported through platforms such as Visa, Mastercard, among others. 

From the cost angle, organizations should pay an underlying arrangement charge and exchange expenses or TDR (Transaction Discount Rate), which is a level of the exchange an incentive for all exchanges prepared through the passage.

While the whole system looks straightforward in principle, integrating with a bank’s payment gateway is often challenging and tedious for startups.

2. Integrating with a third-party payment gateway – 

A simple and effective approach to process online payments is through an outsider payment door. Such payment portals additionally gather TDR on exchanges while arrangement expenses might possibly be relevant, contingent upon the solution provider

Similar to banks, these gateways also facilitate payments made through debit cards, credit cards and netbanking. In addition to this, many solution providers, like Foloosi, also allow merchants to process digital payments through multiple channels like prepaid digital wallets and recently, and several digital wallets. This way, online businesses have the agility to accept payments through practically every online digital mode.

While by all accounts, third-party payment gateways appear to be like bank payment portals, they are in truth unmistakably more easy to understand, open and simple to coordinate, particularly for first time new businesses.

Accepting payments beyond a payment gateway

Setting up an payment gateway works for online organizations that have a site or an application. In any case, imagine a scenario in which you don’t. Does that mean you won’t have the option to acknowledge digital payments? Nothing could be farther from reality.

Foloosi offers solutions for businesses to accept payments even without a website or an app. Here’s how.

Get paid instantly with Payment Links

If you don’t have a website or an app, you can easily create a Payment Link from your Foloosi Dashboard and send it to your customers via email, SMS, messengers, chatbot, etc. 

Indeed, even with a Payment Link, your client can look over a plenty of choices to finish the payment. Foloosi Payment Links can be utilized by organizations without a site, just as organizations with a site that require another payment strategy. It is a keen method to gather payment, which accompanies highlights like mass transfer and incomplete payments.

Foloosi’s Payment Link

Merchant, individuals etc can accept payments from customers just by sending a link. They can share payment link via SMS, Email, messenger etc and can get paid instantly.

  • Instant account activation
  • Get paid instantly- Get money in your bank account instantly
  • Accept every payment- Get paid using credit card/debit card, net banking, UPI

How to accept payments using “Payment Link?

Create a payment link via API or dashboard- To create a payment link details like customer’s name, amount, phone number, Email are required

Share the payment link via Email or SMS

  • Now customer pays through online payment- They can pay using credit/ debit card, net banking, online wallet, UPI etc
  • Notification is received once the payment is completed

PAYMENT LINKS FOR YOUR BUSINESS

BUSINESS WITHOUT WEBSITE

It is not necessary to worry about that you need not have any website/ app for selling. Make your customers pay online just by sending payment links.

ALTERNATIVE PAYMENT OPTION

You can substitute payment link for cash on delivery and point of sale payment methods in your business

SOCIAL MEDIA SHARING

You can give your customers a quick check out option by sharing payment link over social media platforms like Facebook, Instagram, whatsapp etc

We also provide the following features in our “Payment Link” Platform

PERSONALIZE

You can customize the payment request page from your dashboard to extend your brand

API DRIVEN

Our powerful APIs helps to automate the generation and collection of payments for all aspects of payment links

DASHBOARD REPORTS

Use the real time data and reports available on the dashboard to take business decisions

INVOICES

You can send your customers Invoices with item level details to accept online payments through debit/ credit card, net banking, UPI etc

SUBSCRIPTIONS

You can offer your customers subscription plans with automated recurring transactions on various payment modes

Thus make use of “Payment Link” provided by Foloosi and get paid instantly in a safe and secure manner

How to choose the best payment gateway?

Picking the correct payment gateway is basic to encourage the payment procedure of any online store. This arrangement permits traders to have full power over the payment stream while improving the specialized association with card acquirers. In any case, there are numerous arrangements out there. In view of this, we have prepared a concise manual for help online retailers pick the best choice for their stores.

What is a Payment Gateway?

A payment gateway is a specialized solution that permits online stores to process payments. It comprises of a back-end administration that associates the online shop with card acquirers, safely moving the payment data between them. It fundamentally fills in as what could be compared to the POS machines. Shippers build up a legally binding relationship and get the funds collected directly from the card acquirers.

The most effective method to choose a Payment Gateway 

There are a few focuses that ought to be considered while thinking about an payment portal. To encourage the way toward choosing, we have arranged a rundown with the most applicable focuses dealers should remember:

Similarity: A significant point is to check if an payment portal is perfect with an online store e- commerce platform. This ought to be the primary thing to be completed, as there is no reason for checking everything else if a payment passage can’t be incorporated with an online store except if dealers are happy to move their stores to an alternate stage.

Reconciliation: A great payment portal ought to be anything but difficult to coordinate into any web condition. It ought to be good with shop frameworks or programming language and give consistent coordination. Card acquirers regularly change their mix parameters, which powers dealers with immediate acquirer coordination to modify their innovation incorporation. Then again, a payment portal ought to tackle this issue for vendors by adjusting its foundation to the acquirers’ changes, furnishing on the web organizations with a steady and reliable integration

Security: The payment business has severe security norms that a payment portal should be consistent with. Vendors must ensure that the picked passage follows all measures, particularly PCI DSS, a standard made by Visa and Mastercard that guarantees that the paymeny door is secure to store charge card subtleties. By having an exclusive stage, the gateway can rapidly adjust to dealers’ and market needs. In like manner, it likewise appreciates greater security as there are no outsiders with access to its framework and greater adaptability to make, test and improve inventive solutions

Compromise: Ideally, a payment gateway ought to give a progression of extra assets, for example, business insight with reports and redid diagrams for a superior comprehension of the whole business activity. 

Usefulness: The payment gateway ought to give fundamental and propelled functionalities, for example, a single tick and repeating payments, which help improve the payment experience, just as pre-approval, that can purchase shippers some an opportunity to run extra hazard examination, fractional catch and multi-acquirer reattempt.

Extortion anticipation: A Payment gayeway itself doesn’t filter any payment transaction; however it ought to be good and incorporated with misrepresentation counteraction arrangements. Some gateway suppliers will have their exclusive devices and others will be coordinated with outsider enemy of extortion services, which permits dealers to include the administration without the requirement for extra specialized usage

Direct checkout: Choosing a payment gateway that can be utilized behind the shipper’s own checkout page gives traders higher transformation rates. This happens for the most part since purchasers feel a more noteworthy suspicion that all is well and good when they don’t need to leave the stores’ sites to finish the payment, what’s more, to abstain from adding another progression to the checkout procedure.

Backing: Another pertinent point is technical support. Shippers should ensure an payment door is prepared to furnish them with quick and skillful technical support.

Expenses: Usually, there is a setup fee that dealers must compensation before executing the payment gateway platform. The payment passages for the most part charge expenses per exchange created, for both finished and bombed exchanges. The expenses apply to payment, discount and chargeback exchanges. Costs alone shouldn’t be a deciding element. We emphatically suggest dissecting the various focuses too to pick the payment portal that best suits an internet business needs.

It is important that the utilization of a payment gateway is regularly a superior option for shippers with bigger deals volumes as it permits them to decrease their general expenses. A gateway setup requires an organization to have a specific structure to deal with all the legally binding connections and procedures. Thusly, if a business comes up short on this structure, a payment processor offering collection services, where the payment processor holds any agreements with card acquirers and is liable for moving the cash gathered to the dealers may very well be the best alternative. On the off chance that shippers despite everything need to have certain authority over payments, picking a supplier that offers a half breed model can be the solution.

Foloosi Technology, a payment gateway UAE brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

For Android:

https://play.google.com/store/apps/details?id=com.foloosi.customer&hl=en

For iOS :

https://itunes.apple.com/us/app/foloosi/id1424241732?ls=1&mt=8

Foloosi Technology, online payment gateway UAE provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider.

Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy way to accept and process payment solution for businesses. 

Foloosi introduced a new feature, Pickup and Delivery which helps both the merchants and their customers

Log in to the merchant panel; add products with its description which is now listed in the business section of customer app.

Customers can view the product, once they ordered; a message box will be displayed asking the customers to select pick- up/ delivery. When they select the delivery option, they will be taken to the page to add their address. Once it is done payment is processed including the shipping fee to the Foloosi merchant

Now the merchant can deliver the product to their customers at their doorstep.

This new feature of Foloosi helps UAE merchants to reach their products at every nook and corners of UAE. They can sell their products not only in metropolitan areas, but also in pastoral areas

How online fraud affects online traders?

To all the more likely comprehend the loss of business and development open doors for online organizations because of fake transactions; we should accept two distinct situations. These situations outline how precisely the trader’s business would be placed in danger because of an absence of strong anti-fraud protections:

BEARING THE LOSS OF FRAUDULENT TRANSACTIONS 

In the event that a client accepts that their card has been utilized for a false transaction on a site, they can raise a caution and banner this to their bank. On the off chance that the bank concurs with the client that the exchange is in certainty fake, the client would get their cash back—and the effect of the discount in such a situation would be borne by the vendor. Furthermore, while the dealer would have conveyed the products to somebody, a deceitful miscreant for this situation, they would in any case not get any payment for the goods.

LOSS DUE TO A FALSE POSITIVE

In situations where a merchant’s anti-fraud mechanism isn’t sufficiently modern, certifiable exchanges are in danger of being declined. Along these lines, clients that are really keen on the items being sold by the shippers can’t make a buy, enduring simultaneously a terrible client experience. Such a situation could be increasingly troubling over the long haul, not just making lost business the shippers, yet in addition influencing their general reputation and generosity in the market. Clients, presently over-burden with decision, are very unforgiving and would not come back to a stage on the off chance that they have just endured an awful encounter.

In any case, everything isn’t lost for independent companies. Web based business empowering agents and payment gateways have the issue of online cheats legitimately in their sights. They think of the correct apparatuses and procedures to avert online fakes and help private ventures thrive on the web. By being cautious, and by picking the right partners, online organizations can limit their introduction to online cheats and spotlight on developing their endeavors.

First rate ANTI-FRAUD FEATURES IN PAYMENT SOLUTIONS 

With the assistance of the correct payments solution, little dealers can get to innovation that apropos diminishes the fraudulent transactions on their foundation, while expanding the achievement pace of genuine transactions. This factor likewise expands the experience of veritable purchasers, subsequently motivating their returns to on the platform.

Here’s a portion of the huge highlights private companies should search for in their payment gateway: 

Constant checking of transactions:

Advanced payment gateway ought to have the option to screen exchanges continuously, conveying a calculation to find any markers of a false movement and keeping it from occurring.

Better Success Ratios. Wise payment gateways improve the proportion of exchanges that prevail by guaranteeing that real exchanges are plainly distinguished and allowed to continue, though fake exchanges are dismissed.

Incorporated fraud management: Payment gateways must meet the most elevated level of PCI DSS level of consistence. Past this, however, your payment portal ought to incorporate its own antifraud components with card plot insurances, for example, CVV2/CSC, AVC and 3D Secure, giving your clients additional layers of security.

In-house software: Ultimately, guarantee that your payment gateways anti-fraud software is built and operated in-house. This will bring you certainty that the product can be precisely and quickly refreshed as various dangers emerge, and changed in accordance with address the issues of your online business as it develops and grows.

Foloosi – Online Payment Gateway Service Provider in UAE

Foloosi Technology is one of the best payment gateways in UAE that brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Our payment gateway comes with anti- fraud software and hence we provide secured and reliable customer experience

For Android:

https://play.google.com/store/apps/details?id=com.foloosi.customer&hl=en

For iOS :

https://itunes.apple.com/us/app/foloosi/id1424241732?ls=1&mt=8

Accept payments for your business using Foloosi’s QR code

QR code

A QR code (quick response code) is a type of 2D bar code that is used to provide easy access to information through a smart phone. In this process, known as mobile tagging, the smart phone’s owner points the phone at a QR code and opens a barcode reader app which works in conjunction with the phone’s camera.

Where QR Code can be used?

QR codes can be used for anything and everything. They are also beneficial for both customers and businesses. 

  • Events/ Airline tickets
  • Mobile coupons/Loyalty cards
  • Mobile Payments etc

Static QR code

Static QR Codes are QR Codes that can’t be changed once they are made. These are, for instance, email and content Codes, which don’t accumulate any tracking measurements.

What is a Dynamic QR Code?

While Static QR Codes contain fixed data, Dynamic QR Codes have the likelihood to be altered after fruition. Both the kind of QR Code and the substance are editable the same number of times varying. They utilize a short URL to send clients to the point of arrival of your craving just as screen measurements for data, for example, the number of scans, location and operating system used.

Depending on your needs, both QR Codes are useful

While Static QR Codes are not ideal for the business or marketing world due to their lack of adaptability, they do function well for personal use because you are likely not tracking your campaign metrics. Nonetheless, if you do use a Dynamic QR Code for personal use, at least the information is still always editable. 

Advantages of using Dynamic QR codes

Monitor important statistics

The most compelling motivation why you would choose a Dynamic QR Code is that you can gather all the tracking data from it. These incorporate measurements, for example, when and where it was scanned, just as the working arrangement of the gadget utilized. These are the key components to getting whether your promoting effort has been effective. This allows you to make necessary adjustments to improve the campaign based on this data.

Add or change information easily

A second critical advantage of Dynamic QR Codes is that you can alter then after they’ve been printed. Let’s assume you add another point of arrival to your site, you’ve chosen to change from composed substance to a video or you need to add additional data to the QR Code. The entirety of this is variable anytime and the same number of times as you need, which sets aside both time and cash.

Possibility to fix mistakes

Possibly the connection you’ve added to the first QR Code was an inappropriate one? Or then again an inappropriate PDF was given for download? Dynamic QR Codes eradicate any kind of stress with regards to mistakes, indeed because of their editability. Rather than making a totally new Code, basically alter the Code to fix the slip-up and issue solved!

Foloosi and QR code

Merchants can accept payments using QR code of Foloosi app; allow your customers to make payment in an easy way. Customers can make payment just by scanning the QR code

  • Open the Foloosi app
  • Tap on ‘scan’ to open the QR code scanner
  • Hold your phone over a QR code so that it is clearly visible within the scan area.
  • It’s done!

Foloosi app supports both static and dynamic QR codes where as a dynamic QR code provides the ability to change the destination address to which the QR code redirects to. With dynamic QR codes, reprinting of the code is not necessary after changing the address. 

Unlike dynamic QR codes, static QR codes point out to fixed address. A static QR code does not allow changing the destination that the QR code resolves to when scanned. 

Special feature of Foloosi ‘s QR code:

Static/ Dynamic

In static QR code customer has to enter the amount to be paid to the merchants after scanning the QR code whereas in dynamic QR code of Foloosi the amount to be paid will be entered automatically and the customers are taken directly to the payment page. 

Also, we have single and multiple QR code options. Using single  payment option QR code can be used only once that is for one customer whereas multiple payment option helps to send a single QR code to N number of customers. 

Foloosi - UAE QR Code Payment

Make use of Foloosi’s QR code for your business to accept payments and take your business to greater heights

Foloosi – Make Recharge and Bill Payments

Foloosi is a UAE online marketplace facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently.

Foloosi helps daily transaction in a simple, secure way and never limit payment options.

Make recharge and bill payments for the following operators

DU Top-up/Bill Payment

Du broadband is the top leading and affordable internet services provider across all-state in UAE, Sharjah, Abu Dhabi, Ajman, Fujairah, and Ras Al Khaimah. Du Home Internet is the retailer that gives internet, TV, and landline services for home and businesses.

So more than 6.5 million mobile customers (almost 50% market share), 555,000 fixed-line subscribers, 180,000 home services readers and over 70,000 businesses have chosen to use du home services. In a poll, they’ve been known as the Middle East in 2012 and the Mobile Broadband Network in the Africa area. Du revenue surpasses AED 10 billion.

Etisalat Topup/ Bill Payment

Etisalat Group is one of the world’s leading telecom groups in emerging markets, with a current market cap of AED 148 billion (USD 40.3 billion). In 2018, the company’s consolidated net revenues were AED 52.4 billion while its consolidated net profit was AED 8.6 billion. Its high credit ratings reflect the company’s strong balance sheet and proven long-term performance.

AADC

Al Ain Distribution Company (AADC) is a public joint stock company registered and incorporated in the United Arab Emirates under Law No 2 of 1998 on 1 January 1999 with Head Office at Al Ain. AADC is a wholly owned subsidiary of Abu Dhabi Water and Electricity Authority with a fully paid capital of AED Billion 1,530,000,000.

AADC is the sole distributor and supplier of water and electricity in the Eastern Region of the Emirate of Abu Dhabi (Al Ain city and its surrounding rural areas). This includes the ownership, operation and maintenance of the water and electricity distribution network assets, meter reading, and services for the supply of water and electricity.

The number of AADC employees at the end of 2012 was more than 1934 and the Company provides services to a population of the East Region of Abu Dhabi (Al Ain Region) approaching one half million people.

AADC has established a documented Integrated Management System, which includes IMS Policy Statement, IMS Objectives, IMS Management Manual, IMS Procedures, Operating Procedures, Process Maps, Flow Charts and IMS Records.

FEWA

Federal Electricity & Water Authority (FEWA) was established in 1999 under the Federal Law No. 31 of 1999 to carry out the duties assigned by Ministry of Electricity and Water in achieving several objectives. ts Main objective is to cater to the needs of Electricity and potable Water for the population of the Northern Emirates.

To achieve this main objective FEWA has to create a balance between the cost of production and the distribution price in consideration with unifying the existing variable pricing strategies, study the consumption behaviors and create awareness to overcome the waste of electricity and water by consumers. FEWA also has to develop and improve revenue collection processes

Why You Should Sell Online?

Benefits of Ecommerce Websites

You may as of now have an office or shop, which supervises all your business activities and the conveyance of your items to clients. Be that as it may on the off chance that you want to discover approaches to expand your business speedier, lessen your business working expenses and increment net revenues for your business, an ecommerce site is a successful path forward for you.

The Internet is an amazing stage giving a wide attention to online business sites. There are a large number of individuals looking through the web regular, searching for products and services. Online shopping is expanding year on year and is being viewed as a helpful strategy to buy items, where you can likewise purchase whenever in the day.

Furthermore e-commerce sites permit you to utilize a scope of advertising and deals systems to give individuals that additional motivation to remain on your site and purchase your items.

Lower set up & running costs than an offline businesses

The expense of really setting up an online business site is lower than that of offline businesses. The entire deals framework for your business is automated online. You will in this manner save money on staff, compensation and different business costs, which are normally a cost, for example, power, lease and warming expenses. The cash that you have spared would then be able to be utilized to build up your online business site and item extend further. Ecommerce sites will likewise assist you with extending your item offering quicker than is typically conceivable within offline business circumstance.

Foloosi Crosses 3Million+ AED Transactions in Quater4

Foloosi (https://www.foloosi.com ) is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay conveniently.

Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy ways to accept, process, and disburse payment solutions for businesses. It helps businesses by providing payment gateway, payment link, subscriptions and POS software. Foloosi’s payment solutions can be integrated by both web and mobile applications.

We are very happy to announce that we have achieved 3million+ transactions in Quater4, a milestone that reflects the considerable growth of Foloosi in UAE. This is not possible without our Foloosi community and followers. We as a team believe that the mighty God is helping us to flourish the company more and more. 

It is a significant percentage, and an increasing number of users are adding more than one card to their mobile phone to make payments. In addition, the number of people using their mobile for payments currently stands a high percentage in UAE.

At present, Foloosi has launched a cloud- based point- of- sale system with payment processor with an aim to make the payment processing easier and faster and it will be live soon.

How to Sell Products in Online Store – Foloosi

Foloosi is a UAE online market place facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently.

Online Market has been one of the quickest developing platforms in the Middle East, and UAE has probably the most energizing online store figures in the area. Moved by the nations close to complete web infiltration and its reputation for being a world-class shopping goal, web based business has seen inconceivable development in the UAE in the course of recent years. To such an extent that terms like “megatrend” have progressively come to be utilized when discussing web based business in the nation.

Maintain an online store and run & explore your business using Foloosi. Foloosi is a complete solution that seamlessly connect consumers with businesses and is backed by powerful CRM system to provide actionable flow of events resulting in a fast, modern and secure ways of making technology work at its advanced best especially in payments. 

All you need to know about starting an online store

Choose what items to sell 

Your initial step is choosing which items or administrations to offer. Your items can go from special items you’ve made to sourced things from outsider sellers or drop shippers. 

Join Foloosi Business – Sell your Products Online

Foloosi is a UAE online market place facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently.

Foloosi helps daily transaction in a simple, secure way and never limit payment options.

Features of Foloosi

Mobile Top-Up

Users can recharge local and international mobiles and salik instantly

Bill Payments

Users can pay for local and international services, utility and several other bills and hence selling products becomes easier

International Top-Up

International Mobile Top-ups across 130+ Countries

How to add Products in Foloosi Business

Foloosi is a UAE Fin-Tech startup facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently

Foloosi create values and hence lots of home and social media based businesses need products listing platform with easy integration.

Now it’s time for the customers. They can view the products, select according to their choice of interest and order and pay within a few seconds.

We help to develop your business with instant innovation readily available. Our group is about advancement, which means you’ll get the chance to profit by the steady upgrades and research that they’re directing

Innovation never rests! You can maintain your business all day, every day and catch trade at all hours of the day.

Foloosi is tied in with addressing needs, which is the reason we put accentuation on successful and exact information accumulation that can furnish our partners with important business experiences.

Please Follow the Guide Steps

Step1: Login https://www.foloosi.com/merchant

Step2: In the Merchant panel left side, you will see the option for Products

Step3: Tap Add Products and enter the details of your productname, description, description and price

Step4: Now your products will be the listed in the Business section of Foloosi Customer App

NOTE:

  • At anytime you can edit, Deactivate the products list in the Merchant panel.
  • You can share the Product URL to customer and get paid via Merchant panel.