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5 Things to Consider When Choosing the right eCommerce solution for your needs
So, you’ve reached that point, choosing the right eCommerce solution for your online business. This is a challenging process, given the many eCommerce solutions on the market. Luckily, we are here to put you on the path to success. As we have been part of the market for some time now, we take pride in knowing what a truly powerful SaaS eCommerce solution looks like and what our customers need. And we are ready to share the secrets.
The truth is that you want to cash in effortlessly and fast without causing any damage to your customers. To accomplish this goal, you would require the services of a functional, effective SaaS eCommerce platform, preferably one that does more than what it promises. But where do we find such SaaS platforms, and how do we choose the right one for your online business? You need to consider a few aspects and judge your options on them. Here we go.
Defense against fraud
It sounds like Harry Potter’s new class, but it is accurate. Fraud is a massive deal in the online world. Potential fraud keeps people from buying from both large and small businesses. They are too concerned about this possibility, and for a good reason. Fraud is a reality, but so are the existing methods to keep it as far from your business as possible by trustworthy payment providers. It is crucial to collaborate with an eCommerce SaaS platform that takes care of fraud in an effective manner.
Unfortunately, while you cannot isolate fraud completely, you still need to do your best. Look for certified SaaS eCommerce solutions that comply with all security requirements, offering customers a high level of fraud detection. For instance, you should be aware that SaaS platforms that have been PCI-CSS certified respect and implement recognized standards for security policies. In other words, achieving PCI compliance means they are good to go, sure to protect your eCommerce store and safeguard customer data.
The nature of your products
This is an essential aspect in your search, maybe for some developers, more significant than security. The nature of your product could quickly refine your search. Imagine having a filter list, and when asked to select the type of products you sell, we do not necessarily mean software versus eBooks, although that is a point to consider. We mean the industry. Are you part of the IT world or a creator of online games?
There are payment providers who can only support in terms of functionality and specific industries. So, do your research keeping in mind the nature of your eCommerce site, and continue analyzing the remaining list of SaaS eCommerce platforms, considering the features found here.
Currencies and payment methods
You’re looking to grow your eCommerce website, right? You want to sell worldwide, maybe not today, maybe tomorrow, but there will come a time when you feel like the world isn’t big enough for your product.
The need to expand, grow in terms of customers, and ultimately profit is natural for all SaaS providers. So, even though it may not be a pressing need, you want to ensure that you eventually have the means to do it. Your eCommerce business needs a payment service provider ready to sustain your growth. Multiple currencies and diverse local payment methods like digital wallets are a must. Make sure you are working with a partner who can provide diversity.
And connected to the idea of payments is SaaS pricing. Learning how to price SaaS products is a question of trial and error. And you need a partner that helps support multiple pricing models and techniques so you can identify how to price SaaS correctly.
Recurring payments – a big deal
The world is buzzing on and on about the popularity of the subscription business model. The idea of recurring payments coming from a subscription software model is a huge deal for developers, as this is the direction the world is heading. But are all payment providers aware of this fact? Because you might be surprised to stumble upon a payment provider not ready to handle monthly subscription transactions.
Also, handling promotions such as cross-sales or upsells would undoubtedly be a big plus. You might find that promotions are quite a big deal in terms of customer retention, definitely a strategy worth putting into practice. Instead of having to go for too many third-party integrations, it would be wise to consider solutions that are a great fit for the subscription software model and offer SaaS billing software, promotion management, as well as other marketing tools that could boost your business’ online payments.
Support – Great to have friends nearby
Support is essential in all fields, not just in the e-Commerce world. It would be foolish to think that only SaaS developers need a helping hand from time to time. Still, since this is the area that interests us, it’s only natural to mention it. So, as usual, customer management is crucial. With an e-Commerce solution that offers more than basic features, you are given many tools you can use to grow your business.
An eCommerce platform that can handle the refunds or chargebacks for you should earn extra points. This kind of SaaS customer service can save your business resources of all kinds. Additionally, you get rid of the stress of handling otherwise challenging tasks.
And here’s another relevant aspect regarding SaaS customerservice. It’s not just about you. It’s also about your customers as well. Suppose you collaborate with a trustworthy company ready to interact with your shoppers and offer them the relevant payment information. In that case, you can maintain strong and healthy relationships, improving your retention rate and SaaS conversion rate, lowering your churn rate, and increasing conversion. Solid support services can turn things around. Significantly.
Final thoughts on finding the right SaaS platform for your business
Making it in the highly competitive SaaS market is not something you can do on your own. Your business needs a partner to grow. So, when trying to identify the ideal partner for your website, consider the above-mentioned facts. It might take some time to research the market, no doubt, but it will be worth it.

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