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What You Need To Know About Microservices And Payments

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Evolution is in human nature, compelled by his nature he has evolved everything around him including business. From traditional trade to ecommerce to omnichannel, business is on a train of change that does not know where to end. The reason behind the up-gradation of ecommerce is to make it simple and easier to use. 

Online customers like changes that’s why ecommerce website focuses on making regular changes to their ecommerce websites. Some startups find it difficult to revamp their websites entirely so they look for some other options. Ecommerce design companies save the day for them by offering microservices for their online stores. Majority of the readers might be thinking about what are microservices in ecommerce. 

Microservices are small independent applications that are independent of ecommerce website design and are used to scale the website when required. The main advantage of microservices is that they can be added to the website without disrupting the code of the entire website i.e. they can work without disrupting the flow of the website. These features like independence and dedicated APIs allow these services to be integrated with diverse touchpoints and be scaled, updated and removed without impacting the database or core of ecommerce website. They’re especially helpful when you want to satisfy new requirements of customers. 

These microservices include payment gateways, add-ons, etc. Ecommerce agencies that offer ecommerce custom development and ecommerce platforms like Shopify and BigCommerce that offer rental online stores offer APIs to easy integrations. 

The popularity of ecommerce is because it offers a lot of options along with ease of access. One of the most popular choice that online shoppers like is the availability of multiple payment gateways. Payment gateways are an important factor to avoid one of the biggest ecommerce problems i.e. cart abandonment. Ecommerce is not a traditional way of doing business then why stick with traditional payment methods. Ecommerce experts say usage of cash is expected to decrease from 2018 to 2022, from 16% to 11%. 

The reason behind adding new and updated payment gateways is not only to provide options to customers but because new payment methods offer more security, fraud protection, and privacy. Customers expect ecommerce vendors to deliver innovative options such as mobile wallet, cryptocurrency, mPOS and more, and if you ever outgrow your solution a switch is relatively easy. 

Third-party payment gateways work as microservices. They are the best option for your ecommerce business as they are not tied to your website and they will not affect your its code when added, removed or updated. Sometimes making changes to your landing pages like regular data entry hinder the smooth working of your payment methods. These integrations work independently so they will not affect the entire website hence deployed alongside your ecommerce platform, it can extend to new touchpoints frictionlessly. 

All the above-mentioned features of third-party payment make them a perfect addition for your ecommerce business but there are some areas of these services that raise concern. As these services are offered by the third party it is best to develop a layer between your interface and the gateway. You need to take into account your IT environment before adding any microservice. Go for services that support your current environment because setting up this infrastructure can take longer than the development of microservices themselves.

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