Top 6 Payment Gateways in used in United Arab Emirates

Payment gateways are what drive the eCommerce economy. There is absolutely no question in the importance of payment gateways in the eCommerce industry. However, with the plethora of options available worldwide, it can often become difficult to choose the gateways that cover majority of your audience. 

So if you're planning to launch an eCommerce store in the UAE, you can choose the following gateways so that all your target audience can be catered to:

1. Telr

Telr is also known as Innovative Payments. Telr covers more than 120 currencies worldwide. Their service charges are divided into categories as mentioned below:

- Telr Entry: This is a decent plan for startups. In this plan they charge a flat monthly fee of AED 349 without any transaction fee.

- Telr Small: In this plan they charge a flat monthly fee of AED 99 + 2.69%+1 AED per transaction. This plan is best suitable if your sales are between 20,000 to 50,000 AED.

- Telr Medium: In this plan they charge a flat monthly fee of AED 49 + 2.49%+0.5 AED per transaction. This plan is best suitable if your sales are above 50,000 AED on average.

2. CashU:

CashU offers Zero setup fee and also has the lowest maintenance charges of $1 per year. Initially they charge 2.5%-3.3% + 2 AED per transaction. You can have a look at a complete list of their charges here: https://www.cashu.com/site/fees.

With their recent collaboration with MasterCard, CashU has also started the virtual credit card services. UAE residents who have registered with CashU can create their Virtual Credit Cards instantly and make payments on all eCommerce portals that accept MasterCard.

3. PayFort:

PayFort is one of the most popular payment gateways in UAE. PayFort offers installment payments, which is a great advantage for those who sell high cost products. PayFort also offers Fraud Protection at an additional cost. Their service charges are as mentioned below:

- PayFort Starter: No setup fee & Monthly charges under this plan. They withhold a transaction fee of  2.99%+1 AED.

- PayFort Medium: In this plan PayFort charges 99 AED per month with commission rate 2.65%+0.75 AED.

With the collaboration of online eCommerce giant in UAE, Souq, they launched their Card On Delivery (COD) service. In this service, with the help of mobile machine delivery agents, they are able to process all major credit & debit cards for transactions.

4. CC Avenue:

CCAvenue was started in India but became a popular payment gateway option in UAE. They do offer Zero setup fee but with a large monthly maintenance fee of 200 AED. CCAvenue is an expensive option but they do offer a couple of free services such as fraud protection and 24/7 on call support and they also support all the major ecommerce platforms.
CCAvenue charges 3% + 1 AED per transaction.

5. CyberSource:

CyberSource is fast, reliable & secure. They provide their services in more than 190 countries. Cultivating their idea from expert android app developers, CyberSource also began to support digital payment methods like Apple Pay & Android Pay and regional digital wallets like Alipay & KCP. CyberSource charges a monthly fee of 75 AED as a follow up to the setup charges which ranges from 0-200 AED. Their transaction rate is 0%- 1.3 AED.

6. PayTabs:

PayTabs has topped the best startup business in 2016 which was complied by Forbes. PayTabs offers their services in 168 currencies. It does not charge any monthly or annual fee but they do charge a setup fee which is 1470 AED. With PayTabs you can setup your services within 24 Hours. 

Some of the ways in which you can integrate PayTabs on your store is by using a Plugin, iFrame, SDK or direct integration using their API.

Currently PayTabs charges 2.85%+ 1 AED per transaction.  

To integrate these gateways, you'll need the help of developers that are experts in the technology your store is based on. For instance, you will have to hire Dot Net Developers to integrate the gateway with an Asp.Net based eCommerce store using its API. 

Now you can easily launch an eCommerce store in UAE and ensure that none of your customers abandon you due to the inability of being able to easily make payment.

Top 5 Features for a Real Estate Auction Portal

Real estate auctions have been around for a very long time. They are a great way to create great value of properties for both sellers and buyers. Given the technical advancements, online auctions of real estate is becoming the up and coming trend. It's being adopted widely by real estate agencies and even independent realtors on both a large and small scale.

A custom real estate auction portal is an incredible online solution for realtors that also helps them tap into a highly lucrative and low competition market. There are a number of intuitive features real estate software developers can include in an e-auction portal. However, given below are the top 5 features that every portal must have.

1. Distinctive Dashboards

In order to make the whole process a lot more smoother, each portal must have distinctive dashboards for buyers, investors, sellers and agents. This is primarily because each of them logs on to the application for a different purpose and hence requires different functionalities for themselves. Distinct dashboards will keep their motive clear, provide a more personalized content and functionalities to each and hence a better user experience overall.

2. Advanced Search with filters

A search function is crucial for any auction portal. However, in order to better navigate users to what their looking for, you will have to provide elaborate search filters to them. The search will also have to be typo tolerant, suggestive and quick in fetching results. the filters will allow them to further narrow down the results so that they can get to they bidding step in fewer clicks.

3. 360 degree Panorama View

The first step of selling something online is establishing trust and this can only be done through images. Make sure sellers upload high quality images and also provide a 360 degree panoramic view for the buyers to view the property in detail. A panoramic view will allow them to experience the property on sale as if they were physically present there. This in turn will establish a higher magnitude of trust.

4. Amenities Marker

While buying a house, it is crucial for each buyer to have an idea about the amenities that will be available in their proximity. So when developing your portal, make sure to ask your real estate application developers to integrate the portal with a detailed GPS feature that marks the location of the property along with the amenities present nearby.

5. Document Manager

Once a bid is closed and an offer is accepted, to make keep everything legally secure, the portal should have a document manager. This feature will allow sellers to include their property and sale information in a contract template that will be available on the portal. The buyers can then close the deal by creating and stamping the paper with a verified e-signature. This will make everything smoother for the next step.

If you're looking to create an intuitive real estate auction portal with advanced features, feel free to get in touch with our expert real estate software developers.