Thailand has been among the top destinations that attract around 22 million tourists to visit its shores every year. From the majestic Asian elephant to luxurious shopping malls, Thailand has it all! In recent years, with the development of technology, Thailand has started utilizing digital in its tourism industry, especially payment gateways. Welcoming millions of tourists worldwide, each with different languages and currencies, the country has to be prepared to offer its customers a smooth payment process while being abroad. In this article, we would like to discuss the top Thailand payment gateways that are widely used in this country.
Overview
Top Thailand Payment Gateways
Omise
Omise is one of the top payment gateways in Asia with its headquarters in Thailand. It was founded by Jun Hasegawa and Ezra Don Harinsut in 2013. Omise was proudly announced among the top 10 ‘Japanese Entrepreneurs Ranking’ by Forbes Japan in 2018.
Even though it is a fairly new name compared to Paypal, Omise offers wonderful features and attributes that are worth considering. It is PCI-DSS 3.2 compliance which gives the highest security to the buyer’s and sellers’ sensitive information.
This Thailand payment gateway is very easy to use, suitable for non-tech savvy users. To start, users simply go to Omise’s website to create an account, set a password, and fill out basic information. Then, input the card information you want to be charged in the system. And you are all set! Once the card number is in the system, Omise will use HTTPS (TLS) so that the merchants can never see or have a chance to access any of the card details.
The payment gateway then encrypts cards using the highest grade encryption (AES-256) and symmetric encryption before storing them in the store’s database. Only when cards are sent to the bank for charging then it will be decrypted.
Because of its ease of use and high security, Omise is used by many big names in Thailand such as McDonald’s, Allianz, or The Pizza Company.
ConnectPOS offers Omise for retailers with optimized checkout, flexible payment options, automated workflow, and developer-friendly.
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Siampay
Siampay is the top Thailand payment gateway that was founded in 2000. The company offers a variety of payment solutions with advanced fraud detection and management services. Only two steps are needed when starting with Siampay, including creating an account, input your card information, and you are reading to go shopping!
Siampay has multiple advanced features that can help retailers to manage their stores better:
- Report Manager
View summaries and record sales in your store with easy tracking to come up with a comprehensive report
- Multilingual UI Support
Select your own preferred display language with fully supports for English, Traditional Chinese, and Mandarin
- Customizable Layout
Build forms according to your business needs. Easily add new fields in the system to collect the information you need
- User Administration
Create multiple user groups and accounts for each state to manage the store’s site effectively
- Registration Manager
Facilitate easy monitoring and maintenance of registrants for events, seminars, examinations, and more
Paypal
Paypal is among the most famous payment gateways that support online money transfers not only in Thailand but also all over the world. The company operates as a payment processor for online vendors, auction sites, and many other commercial users. Paypal has an annual revenue of $17.5 billion with its headquarters in San Jose, California.
This Thailand payment gateway is significantly simple, which is the reason why it is so popular worldwide. To start with Paypal, users first need to create an account where they fill in the basic information. The next step is to link your preferred credit, debit, or prepaid cards to the account. Lastly, shoppers use the card that is linked with Paypal to purchase goods around the world.
For retailers, Paypal has their Chip and Swipe card reader for $24.99, which enables sellers to accept chip cards, traditional magnetic-stripe cards, send invoices from the app or online, and even record cash and check transactions on your phone or tablet. Especially, Paypal is PCI-DSS compliant and supports EMV-certification. Therefore, both the buyer’s and seller’s sensitive information will be highly protected with Paypal.
To help keep customers safe during the pandemic, ConnectPOS offers Paypal for retailers that use the Chip and Tap reader to accept contactless payment.
Mastercard
Mastercard is an American multinational financial service with its headquarters in New York, USA. The firm engages in the payment industry to connect consumers, financial institutions, merchants, governments, and businesses. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. As of 2021, the company has recorded $17 billion in net sales.
It is easy to travel abroad with an EMV Mastercard in your hand as almost every store in this world will accept it. EMV cards will store data on integrated circuits rather than magnetic stripes. It will present your personal information to banks worldwide so that you can shop freely without worrying about your payment getting declined. Furthermore, an EMV card creates dynamic data every time you make a transaction, which is nearly impossible for fraudsters to duplicate or clone your card.
Wrapping Up
In this article today, we have discussed several Thailand payment gateways that are the most popular within this tourism country. Please feel free to contact us if you have any further questions!