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The Benefits of PayTabs Card Issuance for Businesses

PayTabs card issuance for businesses
Mohab Payment Orchestration 0

PayTabs card issuance for businesses

For modern businesses, having an efficient and secure payment solution in place has become a necessity. Organizations are now interacting with clients from all over the world and need to accept payments seamlessly as well as in different currencies if required. Technological innovations and the evolution of payment methods have enabled businesses to move away from physical cash and check transactions to make digital payment solutions the new normal.

PayTabs offers an innovative card issuance service for businesses in the Middle East that brings many advantages to organizations. We’ll explore the myriad benefits of the PayTabs card and how it’s reshaping the way businesses are managing their financial transactions further in the article, but before that, it’s important to understand the importance of payment solutions for businesses.

The Evolution of Payment Solutions for Businesses

For a long time, businesses relied on cash, checks, and in-person transactions for their products and services. While these methods were straightforward, they faced limitations related to the delayed processing of checks and security risks for cash. The introduction of credit cards in the late 20th century marked a pivotal shift, and the advancements in digital and card-based payments in the last decade are taking that shift even further.

Now, businesses can accept several payment options from customers, including online, digital wallets, and more, and have reduced their reliance on physical payments. Online payment gateways have started gaining prominence and enabling businesses to streamline operations, increase security, and facilitate international transactions. PayTabs card issuance is the next step in this evolution, combining the convenience of physical cards with the benefits of modern digital transactions.

PayTabs Card Issuance: A Game-Changer for Businesses

Streamlined Payment Processes

One of the most significant advantages of PayTabs card issuance is that it allows businesses to streamline their payment processes. Managing multiple payment methods separately can be a daunting and inefficient process. With the help of PayTabs cards, businesses can easily manage a wide range of financial transactions through a single platform. Whether it is making online purchases or paying suppliers and employees, PayTabs cards make everything easy and efficient. This simplification leads to enhanced operational efficiency and reduced administrative overhead.

Enhanced Security and Fraud Prevention

Ask any business owner or customer what is their biggest concern about paying online, and a majority of them will respond — security. With increased cases of online scams and fraud, people have become more aware of using digital payment solutions, especially on unreliable platforms.

PayTabs understands the importance of security and is packed with robust features that protect businesses from cases of fraud or unauthorized transactions. Some features include advanced encryption, real-time transaction monitoring, multi-factor authentication, and adherence to PCI compliance, enabling customers and businesses to trust PayTabs in keeping their financial data secure.

Global Reach and Accessibility

Businesses are now going global, often dealing with international customers, partners, or employees. The PayTabs cards are meant for such global businesses. They are widely accepted, offer global reach and accessibility, and enable businesses to complete international transactions seamlessly. With the help of the PayTabs card, businesses can expand their operations beyond their geographical domains and tap into newer markets.

Cost-Effective Solutions

Managing finances efficiently is a key goal for any business, and PayTabs cards contribute significantly to achieving this objective. PayTabs cards help businesses save money in their day-to-day operations by reducing transaction fees and currency conversion costs. This cost-effectiveness can lead to improved profitability.

Customization and Branding

PayTabs understands that branding is vital for businesses. With PayTabs card benefits, businesses can customize their cards with branding elements, including logos and color schemes. This branding opportunity not only promotes a professional image but also fosters brand recognition among clients and partners.

The co-branded prepaid card is issued quickly and securely with the help of a Bank Identification Number or BIN. This innovative approach ensures that the card can be issued on time and is secured as well.

Conclusion

PayTabs card issuance has emerged as a game changer for businesses in the Middle East. It has enabled businesses to streamline their payment processes and finance management, cater to international clients and customers, and customize their cards for branding purposes. By integrating PayTabs cards into your business, you can experience a multitude of benefits and propel your business forward.

Implementing PayTabs cards is a straightforward process. Businesses can start by contacting PayTabs to set up their card issuance program. From there, it’s a matter of customizing the cards to reflect your brand and incorporating them into your existing payment processes.

FAQs

Is PayTabs card issuance suitable for businesses of all sizes?

Yes, PayTabs card issuance can be tailored to meet the needs of businesses of various sizes, from small startups to large enterprises.

How long does implementing PayTabs cards into a business’s payment processes take?

The implementation timeline can vary depending on the complexity of the customization and integration required. However, PayTabs strives to make the process as efficient as possible.

Are PayTabs cards secure for online transactions?

Yes, PayTabs cards come with advanced security features that make them suitable for online transactions, offering businesses peace of mind in the digital realm.

2 years ago
PayTabs Card Issuance
Mohab Payment Orchestration 0

PayTabs Cards Issuance
PayTabs cards issuance are a game-changing financial instrument that assists businesses and individuals alike in navigating the intricacies of modern finance with ease. These cards enable users to focus on essential aspects of the business — growth, financial well-being, and a seamless digital experience. By offering them a bridge to a more efficient and personalized financial future, PayTabs is reshaping the way businesses manage finance. This article would serve as a PayTabs cards issuance guide and explain the benefits of PayTabs services.

Business Advantages of Using PayTabs Cards Issuance

Focus on Growth

By collaborating with PayTabs Issuance, business owners, entrepreneurs, and freelancers can streamline their payment processes to make them more efficient and reduce administrative burdens significantly. This enables companies to allocate time and resources towards efficient and strategic growth initiatives.

Faster and more efficient payouts lead to improved cash flow management, allowing the business to perform smooth operations and capitalize on growth opportunities as they arise.

Personalized Experience

Customers prefer dealing with businesses that provide them with a personalized experience and a privileged feel. The co-branded cards from PayTabs empower businesses to create personalized and unique experiences for their customers. The card acts as an extension of the business brand by featuring the company’s logo and a customized design.

The personalized touch is not only great for creating a lasting impression but also strengthens customer loyalty as they can relate the brand with a useful and tangible product.

Digital Access

PayTabs issuance allows businesses to seamlessly transition to digital payments and start accepting payments right away. Customers can use the PayTabs to make purchases online, access their funds digitally, and have a convenient and secure payment experience.

In today’s digital age, offering contactless payment has become a necessity. The number of customers migrating towards a digital economy is increasing daily, and businesses need to adapt to changing market trends to stay relevant in the industry.

Peace of Mind

One of the biggest concerns people have while performing digital transactions is security and privacy. In the financial industry, security and compliance are paramount, and PayTabs takes this responsibility seriously. Their card issuance solution adheres to strict security protocols and compliance standards, ensuring customer’s private data is secured.

Every transaction processed through PayTabs follows PCI compliance and is end-to-end encrypted. This gives customers, as well as businesses, peace of mind that their financial information is safe.

Supercharged

The biggest advantage of PayTabs Issuance is its versatility, as it is available for every business and industry and can be tailored to meet any specific needs. Whether you’re a large retailer, a travel agency, or a corporate entity, PayTabs has a solution for everyone.

It is this adaptability that makes PayTabs an attractive option for a wide range of businesses. It not only keeps their transactions secure but also provides them with the tools to enhance their financial operation and customer engagement.

Who can Benefit from PayTabs Cards Issuance?

Small and Medium-sized Enterprises

SMEs often face financial difficulties such as tight cash flow management and limited access to credit. With the help of PayTabs Cards Issuance, SMEs have access to a flexible and efficient financial tool that’ll help streamline their finance management. They can use the cards to manage daily expenses, pay vendors, and control employee spending. With customizable features, they can adapt the cards to their specific needs and fuel the growth of their business.

Startups

Several startups work with limited financial histories and backups. This makes it difficult for them to obtain credit cards or invest large amounts. PayTabs Cards Issuance offer a practical alternative and allow them to manage their finances correctly from day one. Startups require a little bit of flexibility and control during their initial stages in order to grow without worrying about credit checks or high-interest rates; PayTabs Cards Issuance provide these to the company.

Corporate Enterprises

Large corporate entities also find value in PayTabs Cards Issuance, especially when managing employee expenses, travel allowances, and corporate spending. Customizing spending limits and tracking expenditures in real time improves financial oversight and cost control within large organizations. Furthermore, the cards can be branded with the company logo, reinforcing the corporate identity with each transaction.

What Sets Us Apart: PayTabs Cards Issuance Explained?

  • Issuing Switch: Executes all the pre-edit validation before authorizing the transaction.
  • ATM Controller: Helps in communication with SwitchOn and drives and monitors the ATMs for processing transactions.
  • Acquiring Switch: Automatically acquires transactions across different channels and routes them to the network.
  • Card Management System: Manages the lifecycle of debit and prepaid cards. Acts as a Prepaid Card host.
  • Issuer Authentication Servicer: Authenticated cardholder with OTP for e-commerce transactions.
  • Report Processor: Generates various reports periodically through its recurring and automated interface.

Conclusion

In the modern business landscape, financial agility and control matter a lot. PayTabs empowers your business with dynamic card-issuing solutions and enables you to personalize the payment experience. We issue co-branded cards supporting multiple currencies that make payouts a breeze for the business.

These cards streamline expense management, offer unprecedented control, and cater to a wide spectrum of businesses. Whether you’re a large retailer, a merchant, or a corporate entity, this PayTabs Cards Issuance guide will help your organization’s growth and scalability.

2 years ago
Accept Payments with Freelancer Certificate Handicrafts
Mohab Ecommerce 0

Accept Payments with Freelancer Certificate Handicrafts
Freelancing is no longer just a side hustle or a part-time job to earn extra money. More and more people are becoming full-time freelancers and getting steady payments from the comfort of their homes. The rise of the gig economy has also fueled this development, with freelancers having access to opportunities across industries and beyond geographical boundaries.

One of the most crucial aspects of freelancing is getting paid at the end of your service. While full-time employees receive timely paycheques at the beginning or end of every month, freelancers can get paid in multiple ways throughout the month. According to a report from the Independent Economic Council, nearly 74% of freelancers don’t get paid on time.

This highlights the difficulties freelancers face when it comes to payments. Transparent terms and conditions for the payment, along with a robust payment gateway, help freelancers be compensated for their work on time and fully. In this post, we’ll discuss how PayTabs can help freelancers and small business owners accept payment with just their Freelancer Certificate.

How Freelancers Get Paid?

The way freelancers get paid depends on their industry, experience, client preference, and preferred mode of payment. Here are some common payment models that freelancers often utilize:

Hourly Rate

This is one of the most straightforward payment models for freelancers. They can use time-tracking software or tools to track how much time they spend on a project and then bill the client for the total number of hours they worked.

Project-Based Fee

This is one of the most straightforward payment models for freelancers. They can use time-tracking software or tools to track how much time they spend on a project and then bill the client for the total number of hours they worked.

Per Word/Page

Freelancers working in the content sphere as writers or editors often charge per word or page. Based on their skills, experience, and the client, different freelancers can also be paid different amounts for the same content piece.

Commission Based

Freelancers working in the sales and marketing teams often earn a commission based on the sales or leads they generate. While the earning potential is quite high in such a payment model, it is quite uncertain as the income depends on how many products were sold or promoted.

Retainer Agreement

Retainer agreements are a great way for freelancers to ensure a stable and predictable source of income. Clients retain the services of a freelancer for weeks or months at a time and pay a pre-determined fee at regular intervals, irrespective of whether the freelancer worked in that period or not.

Different Payment Methods for Freelancers

In this digital age, freelancers can accept payments from clients in a wide range of methods. These platforms eliminate barriers to traditional payment methods and offer freelancers speed, security, and convenience. Some of the different methods by which freelancers can accept payment are:

Direct Bank Transfers

Direct bank transfers are a popular method for several freelancers to receive payments. Banks now offer online banking services that allow clients to transfer the payment to the freelancer’s bank account directly.

Peer-to-Peer Payment Networks

Peer-to-peer platforms like PayPal, PayTabs, and Venmo have transformed the way freelancers receive payments. These platforms allow international and multi-currency transactions so that freelancers can request payments from clients across the world. Once the payment is received, they can either transfer it to their bank account or use it directly from the digital wallet.

Freelance Marketplaces

Freelance marketplaces like Upwork, Freelancer, and Fiverr offer built-in payment systems that facilitate transactions between clients and freelancers. Take Upwork, for instance. When the work is complete, the client pays Upwork the amount. The platform deducts a percentage of the amount and transfers the rest to the freelancer’s account.

such as low transaction fees, borderless transactions, and potential privacy benefits.

From Food Carts to Handicrafts — PayTabs for Freelancers

PayTabs is a comprehensive online payment solution designed to meet the needs of freelancers and business owners from every industry. Its range of features makes PayTabs an attractive choice for freelancers seeking a reliable and efficient payment platform.

Business owners who want to work in the Middle East and have a Freelancer Certificate can easily accept payments from clients and customers through PayTabs. It offers seamless onboarding that doesn’t require any paperwork and enables them to accept payments right away. The process is quite straightforward.

  1. Sign Up: The first step is registering for a PayTabs account as an individual or a business.
  2. Invoice Creation: Use the PayTabs dashboard to create and send professional invoices to the clients. You can also customize the invoices with your branding.
  3. Payment Links: The next step is to generate payment links that can be shared with the clients through email, messaging apps, or social media platforms.
  4. Multiple Currency Support: PayTabs supports over 160 currencies, allowing you to transact with clients across the globe without worrying about currency conversion.
  5. Real-time Tracking: You can also keep track of the payments, transactions, and other invoices in real time through the intuitive dashboard.
  6. Settlement Options: Choose between automatic or manual settlements based on your preferences.

Wrapping Up

Building a sustainable growth curve for small business owners requires getting paid promptly and securely. PayTabs offers a user-friendly platform that makes the payment process easy and streamlined. Its versatile payment options, multi-currency support, and emphasis on security enable business owners to focus on growth without worrying about payment logistics.

Get onboard with just your Freelancer Certificate today.

FAQs

1.Is it safe to receive payments through online platforms like PayTabs?

Yes, PayTabs prioritizes the security of transactions and employs advanced encryption measures to protect the private and sensitive information of both freelancers and clients.

2.How do I know which online payment solution is right for me?

Assess your specific needs and preferences before shortlisting payment solutions for your business. Consider the kind of clients or customers you’ll work with, the preferred payment methods, locations, and associated fees.

3.Can I use PayTabs on mobile devices?

Yes, PayTabs has a mobile-responsive platform that allows you to manage payments and invoices on the go on any mobile device of your choice.

2 years ago
Freelancer Certificate and Permit Accepted
Mohab Ecommerce 0

Freelancer Certificate and Permit Accepted

The Covid-19 pandemic brought a shift to how we used to work. Pillows and blankets replaced desks and cubicles. Suddenly, every company realized the benefits of having a global team, sometimes with no central office location at all.

No office also means no tangible place to work from. Employees will get paid at the end of the month, no matter where they live. However, this style of working can raise questions for several people, especially freelancers and digital nomads who like to move around every once in a while. Complying with government regulations and obtaining necessary permits is important if you want to work in a foreign country and accept payments in your local bank.

If you want to work in UAE, KSA, Egypt, or other middle eastern countries, you need to be aware of the necessary requirements to work as a freelancer. In this article, we’ll discuss all you need to know about freelance permits and how to accept payments as a freelancer.

Government Requirement for a Freelance Permit

You can work as a full-time or part-time worker anywhere you like. The rules and regulations for each kind of employee are almost the same; however, if you want to work as a freelancer in the UAE, you need the correct documents.

One of these documents is a Freelance Permit which is needed if your employer is not in UAE. A Freelance Permit and a valid residence visa allow you to work and stay in the country. You won’t be able to practice your skills without these documents, and authorities can penalize you if you’re caught working without the permits. Moreover, clients will work with you only if you have the right work permits.

Onboarding by PayTabs

Once you’ve received the permit to work as a freelancer, it’s time to set up the payment process. You can get paid as a freelancer in several ways, and a robust payment gateway allows you to generate invoices and share them with clients. They can easily complete the payment in whichever form they want.

To start accepting payments as a freelancer, you can easily onboard yourself on PayTabs. We understand the hassle of managing different documents and paperwork and have created a simple checklist enabling you to get on board in real time.

To ensure a smooth onboarding process, ensure you have these documents handy depending on the country you want to work in.

⮚ Kingdom of Saudi Arabia

Documents required:

  • Freelancer Certificate
  • Government-issued identification documents such as Passport or National ID
  • Extracts of bank statements, bank cards, or bank letters showing the account holder’s name, account number, IBAN, and account currency

⮚ United Arab Emirate

Documents required:

  • Freelancer certificate
  • Passport, Emirates ID and Residence Permit or VISA copy (for non-UAE nationals only)
  • Bank account statement or online banking record displaying the IBAN, business name, account number, and bank name.

⮚ Egypt

Documents required:

  • Valid national ID for identification of the freelancer
  • Bank account statement or any other document displaying the IBAN, business name, account number, and bank name

Also Read: How to Receive Payments for Freelance Work?

Website Requirements

Here are some things we look for on your website to start accepting payments right away.

  • Contents listed on the website are permitted to be sold by the merchant as per Trade license/Commercial Registration.
  • Contact info, along with the company’s legal name and Trade license/commercial registration, are visible on the website.
  • Customers have a clear description of what products/services are being sold.
  • Products/services are clearly priced.
  • Policies related to shipping and delivery, refund, cancellation, and privacy are clearly defined.
  • Domain ownership proof or receipt of the domain is available if the ownership is not publicly listed under Whois.
  • The site is secured and encrypted with an SSL certificate.
  • Credit card scheme logos of MasterCard/Visa are visible.
  • Website terms and conditions are clearly defined.

If you don’t have a terms and conditions document for your website, you can copy a sample template from the PayTabs website and modify it to suit yours.

Also Read: How to Get Paid as a Freelancer

Wrapping Up

Freelancing as a career choice has become quite popular for several people. It not only gives them the flexibility to work from wherever they want but also allows them to earn more by taking on more work. However, it’s not easy as picking up your bag and sitting in a cafe anywhere in the world. Countries like the UAE, KSA, Egypt, and more require the person to have a Freelancer Permit Accepted or visa to be able to work in that country and accept payments.

You can do away with the cumbersome paperwork and documentation and easily get on board with your freelancer certificate/permit on PayTabs. A leading payment service provider for countries in the Middle East, PayTabs is packed with features to make life easier for freelancers like yourself. Sign up with PayTabs, get onboard with a freelancer permit, and start accepting payments for your work right away.

2 years ago