In 2024, retail e-commerce sales exceeded $5.7 trillion globally. Any digital market out there can have a piece of that pie.
This figure is expected to reach new heights in the coming years.
Forecasts indicate that by 2027, the online segment will account for close to a quarter of global retail sales (See Fig.1).
Figure 1. A comparison of the share of e-commerce in retail sales from 2015 to 2027
Digital goods, such as in-game assets, software programs, online courses etc, are a part of digital commerce.
Let’s explore the benefits of PayDo services for digital marketplaces.
Digital goods are things you can download and use on your devices like computers, smartphones, and tablets. They include eBooks, music files, NFTs, software programs, online courses, and in-game assets.
The cool thing about digital goods is that you can easily store, access, and share them online. Unlike physical products, there’s no limit to how many digital goods you can have because they’re stored digitally.
At PayDo, we understand that online sellers and entrepreneurs have unique needs. We offer different payment solutions to help you sell your digital goods worldwide. Our secure payment system lets you choose the best online marketplace to sell your digital products hassle-free.
PayDo serves as a payment partner for major players in the industry. Our solution consolidates dedicated multicurrency IBANs, merchant services, mass payments, e-wallets, and corporate cards into a single dashboard. It is a great practice for digital goods businesses.
We’ve thoroughly researched the industry to offer essential services from which you can benefit. Here are some of the notable points:
PayDo has licenses from FCA (UK), FINTRAC (Canada), and MFSA (Malta). Also, the platform complies with PCI DSS Level 1 requirements, ensuring the secure handling of cardholder data. All card payments in the system and secured by 3D-Secure (3DS). Moreover, we monitor transactions in real-time to minimize the chance of any error or breach..
With built-in anti-fraud mechanisms, our experts can detect and prevent fraudulent transactions. PayDo performs Know Your Customer (KYC) verification automatically during checkout, improving your customers’ payment process.
For our verified customers, we propose a 1 click-payment feature. It is a safe and fast way to acquire virtual goods. This solution turns down the pretty boring page of reverifications of the payments.
Once your project has been verified into the PayDo system, you will access all the payment schemes we have. These come with 35+ currencies and dedicated IBANs.
The PayDo Checkout makes it easier for businesses to accept payments online with 350+ payment methods while providing a great experience for both merchants and customers. It has features like no chargebacks, no holding of funds, one-click payments, and various local payment options.
With PayDo’s smart routing and cascading features, transactions are directed to the channels most likely to approve them, which helps reduce declined payments and ensures smoother transactions overall.
PayDo is virtual banking, mass payments, acquiring, settlements and e-wallet payments all delivered on one dashboard. Manage your business through the client interface, where all payment information is collected. Keep track of transaction statuses, create reports, and export required data.
We perfectly understand the specifics of the digital goods business. Our solution experience shows a decrease in chargebacks and fraud rates and improves the speed and accessibility of payments. It is easy to start working with us – just contact us for extra details and to start the customisation of your business payments.
The digital marketplace industry is expanding rapidly, with online sales projected to soar in the coming years. As digital goods become an integral part of digital commerce, it’s crucial to have robust payment solutions tailored to the unique needs of online sellers and entrepreneurs.
At PayDo, we understand the intricacies of the digital goods business and offer a comprehensive suite of services to support digital marketplaces worldwide. Our solution, combining E-wallets, EU IBAN, and Merchant accounts into a single dashboard, streamlines financial operations for digital goods businesses.
Getting started with PayDo is simple. Contact us today to learn more and begin customising your business’s financial infrastructure for success in the digital marketplace.
