Simple Guidance to Make Online Shopping Safe & Secure in Bangladesh

Online shopping is worth your time and money when they are in question. Today Bangladeshi lifestyle is changing rapidly and Bangladeshis are the stimulating lifestyle of developed countries of the world. Therefore, online shopping in Bangladesh is getting momentum gradually. However, it is not par and safe as in western countries. Here are some tips to do it safe and securely.

Today society in Bangladesh, by-and-large, is passing through a transition phase from underdeveloped to a developing and may be as developed at any point of time in near future. The government is functioning in democratic ways and uplifting the life of people in the country through various measures. Education rate is picking new peaks and people are living busy lifestyle as their western counterparts are doing.

 

The proliferation of mobiles and penetration of Internet are factors pushing e-commerce at new levels. Online shopping in Bangladesh is gradually becoming a trend, as almost everything is available and within reach of fingertips or just a click on the web. We can list numerous benefits of online shopping viz. time-saving, fuel saving, opportunity to do comparative shopping, and much more in different contexts.

Unfortunately, each coin has two facets so online shopping has some dark shadows looming on Bangladeshi shoppers too. Let’s check some of them in brief here.

Heavy is Suspicious

When you find that any e-commerce store or ads on the web, whether it is on social media or elsewhere, is luring you through offering unbelievably high discounts or incentives, look at them with suspicious eyes. Remember that reputed brands never sell their products at the cheapest rates or offer heavy discounts that make your head wobble.

Usually, brands are passing their savings on brick store investment and other overheads in measurable percentages, never at half or one-third rates. Unfortunately, scammers in Bangladesh are enough and know how to trap new generation shoppers by victimizing them based on their immaturity and freedom offered by illiterate or less educated parents.

This is the best way to save you from possible cheating or frauds. Smart online shoppers are directly logging in to the original website or mobile app of the brands, instead of going via other routes. Thus, my next suggestion is secure your log-in credentials.

eCommerce

Secure Surfing
Today half of the online shopping is taking place through mobile devices, smartphones or tablets. Do you know Wi-Fi or mobile connection is considered insecure across the world and it is more vulnerable in, Bangladesh like developing nations. Always keep your computing devices updated with security software and recommended security measures even though you have wired connection because passwords and credit card credentials are stored in cookies and hackers can access through hacking your system easily.

Cross Check before Big Deal
Bangladesh is not a big nation that you can’t collect info on any reputed business using your personal or professional circles. This is imperative, particularly when you are going to pay a big amount or making a big deal where your payment is in risk.

Ray of Hopes
Fortunately, among the misty online environment in Bangladesh, Payza Bangladesh like entrepreneurs have taken right steps to offer secure and easy online shopping experiences in pure Bangladeshi contexts. Moreover, such payment gateway in Bangladesh has made money transactions cheaper and safe through forming alliances with local and international banks.

Have You Heard? Bangladesh Payment Gateway Provider Is Your Best Bet To Grow

Facebook has devised and tested Buy button for all levels of businesses. Its success is in favor of small to medium businesses of Bangladesh because they are heavily relying on Facebook for traffic and reputation. Moreover, lean approaches of Facebook to integrate and to let people select the payment gateway of their tastes and choices may prove a boon in Bangladesh as Payza Bangladesh is obvious choice of people for safe and secure transactions.

Always Stay ConnectedGreat Aspirations of Facebook
Since the beginning, Facebook is eyeing on e-commerce activities comingled in its social media environment. Therefore, initially it had introduced virtual money in various games, but responses were not good. Now, it has followed the experiment of Twitter and introduced a ‘Buy’ button in its ads, chats, and post pages to purchase products or services directly without re-routing on any website or mobile app of the particular business.

Its beta testing is indicating desired success and shoppers are reluctant to use a new approach to Facebook towards e-commerce. Fundamentally, Facebook has potential to become an e-commerce giant against its ultimate rivals like e-bay, Amazon, Google, Apple, etc. but in a bit different way and manner. Whatever are the aspirations of Facebook by entering the e-commerce arena, one thing is sure that Bangladeshi businesses are in win-win situations.

Importance of Facebook Commerce in Bangladesh
Before citing anything about Facebook commerce, let me tell you how Facebook had played the vital role in the growth of online shopping in Bangladesh. Initially, very few entrepreneurs and brick stores have the courage to enter in online shopping opportunities. They have selected Facebook for their online media and won hearts of millions through effective presentation of products/services and after-sale support.

No doubt, until today Facebook is a choice for online shopping outlet development in Bangladesh, as it is low-cost investment for online shopping identity for Bangladeshi businesses of small to large scale. Facebook has an enormous number of users in Bangladesh and numbers are still rising at rocket speed.

Mobile proliferation and easy Internet access had poured more fuel in a growth of Facebook commerce. Almost all major to minor brands have a Facebook presence in the form of Facebook fan pages or commerce pages. Businesses are in the race to win more likes, share, and getting good reviews of their commercial adventures.

Conductive Environment for Facebook Commerce in Bangladesh
These all have created a conductive environment for Bangladeshi businesses to use Buy button explicitly. Brands have earned the great trust of its patrons and potential consumers upfront. They now need ‘Buy’ button like conversion agent to hit their conversion goals with the shortest loop of buying process for online shoppers in Bangladesh.

Facebook commerce

Moreover, Facebook allows online shoppers to select payment methods and payment gateway of their choice as well as express their willingness to share their private data with Facebook for future checkouts. These lean approaches of Facebook have placed ease for shoppers to go with their favorite Bangladesh payment gateway provider like Payza Bangladesh.

Payza is not only offering the cheapest alternative for e-transactions, but it also is ensuring high security and safety for its users. Thus, Bangladeshi businesses are more reluctant to use Facebook commerce and ‘Buy’ button like initiatives willingly.

Ways You Can Use Internet Shopping in Bangladesh To Become Irresistible To Customers

Bangladesh is experiencing the transition from traditional shopping to Internet shopping.

For any business, which wants to jump into the Internet shopping in Bangladesh has to face unique expectations of Bangladeshis and infusing usability aspects in web designing using the best technologies, practices, and following modern trends.These are sure ways to hit success.

customer satisfaction

Craze for Internet shopping in Bangladesh is spreading like wild fire due to improved scenario of information and communication technologies (ICT) and its network with the help of government as well as many entrepreneurs. Mobile and its technology growth are adding more fuel in the flame to put all fantasies of Internet in palms of the Bangladeshis at cheaper and affordable rates.

Moreover, Bangladesh government is seeing and selling dreams of digital Bangladesh by anchoring its majority of services on the Internet or intranet giving mobile accessibility as the bonus. Some banks and private entrepreneurs like Payza Bangladesh are offering secure and super-fast payment gateway services along with multiple other Internet payment options. In sum, the overall scenario seems glorious and hopeful to last for longer.

Meanwhile, some researchers and agencies have taken initiatives to study the various factors influencing the growth of Internet shopping in Bangladesh. Among them, customer satisfaction and usability have prime importance so I would like to spend some time of discussion on these two factors in this post.

Usability and Customer Satisfaction

Technically customer satisfaction is related directly with the ROI of the business because existing customer retention is cheaper against acquiring new one and customer retention comes only through customer satisfaction. Business can satisfy its customers only through addressing their expectations, through perceived value of the company, and branding of the company.

Usability

At other hand customer expectations are directly linked with the quality of products/services and support provided by the company. In present study, it has found that customer satisfaction in Bangladesh depends upon some independent variables like:

  • Variety of Product: For traditional shopping, moving everywhere finding variety of products is tough for Bangladeshis due to various factors like product availability, spending on fuel, and time consumed on traveling. Thus, internet shopping in Bangladesh is gaining ground to access numbers of variations in the products and qualities of the products.
  • Product Information: Bangladeshis like to know products thoroughly as they don’t have physical access to product. Therefore, providing them detailed information regarding product quality, after sale services, and prices matters more than anything else does. They also prefer to discuss on the social media or like to see reviews of product elsewhere on authority sites.
  •  Cheap Price: Comparative shopping is natural tendency in Bangladeshis too. Therefore, offering some cheaper rates can lead business to win battle at first place, but for long run cheap prices must be associated with good quality or services for sake of customer loyalty.
  • Security: This issue is more skeptical for the Bangladeshis due to social and political backwardness of the society. However, recent initiatives of government, banks, and some scrappy entrepreneurs like Payza Bangladesh to offer secure payment gateways and payment options suitable to the country, its people, and nature of the businesses prevailing.
  •  Comfort: Internet shopping itself offers home/office/on-the-go comforts of shopping, but user experiences, shipping/delivery, and payment options provide utmost comfort or satisfactions to the customers. Fortunately, many have learnt these lessons in recent past and are implementing the latest web and mobile development technologies to offer greater degree of comfort to their Internet shoppers.
  • Time: In recent fast-paced life style, none has enough time to go out for physical store shopping. This is very true for Bangladeshis too, for new generation in particular. Thus, Internet shopping is gaining ground rapidly in Bangladesh.
  • Energy Consumption: Internet shopping saves time as well as personal energies of shoppers that is spent moving outside and at far distances.
  • Travel Necessity: In fact, Internet shopping in Bangladesh is more prolific in urban areas compared to rural areas. The reason behind is traffic jams in the cities and e-commerce elements that factor inherently. Thus, home delivery is gaining ground in Bangladesh for this very reason to save time, fuel, and health by just avoiding jam and its polluted environment.

Technically usability of Internet shopping is directly related to the online shopping outlets or e-commerce web portals. Therefore, the quality of e-commerce websites or mobile apps is affecting the usability. Fortunately, today Bangladesh is one of the leading outsourcing software development services provider countries. Thus, by taking advantages of the talented pools, businesses are offering excellent quality, user experiences, and usability features and functionality on their online identities as well as on mobile apps for their businesses.

What Is Payza Bangladesh and How Does It Work?

Sometimes being the online merchants, we don’t know much value added features of payment gateways. If we thoroughly study them, we can make our life easy and end-user experiences robust. Therefore, Payza in Bangladesh is the right choice for Bangladeshi e-commerce if you know it well.

Starting an e-commerce venture online is not much easy in comparison to establishing brick-and-mortar units in the real world. Your exercise begins with finding good e-commerce web development partner and sharing your marketing strategies with the web development company.

E-commerce developers will share their daises with you for selection of technologies, research on your target audience, features, and functionality needed for your e-commerce, shopping cart integration, payment gateway integration, in-site search engine integration, and so many aspects related to your e-commerce development.

Payment Gateway

Besides these, your staff has to draw planning for order management, shipping management, warehouse management, support services, etc. to implement them once the product unveils. Fundamentally, we do all those exercises in order to grab money from our targeted audience. Therefore, we bring visitors on our door once, show our offering through a short or long journey. Finally, excite them to buy our products or services depicted on our e-commerce storefront.

Hence, we reach at our final aim, to grab money, only when our shoppers click or tap the door of payment gateway by unveiling their payment details and finishing the checkout process. In short, we can say that our money is where the payment gateway is. Therefore, the importance of the selection of payment gateway can’t be diluted anyhow.

What is payment gateway in fact?
It is a process or programming module that facilitates us to connect our website or say shopping cart with the valid merchant account at a processing bank. This way our shoppers can purchase goods/products/services on virtual spaces, without handing over any case, in any physical form.

Which characteristics do you expect from a good payment gateway?
If you want to select the most appropriate payment gateway for your online storefront, some knowledge about your ideal payment gateway is essential and should have some comparative insights for contemporary payment gateways used in your regions or the regions of your targeted audience. Yes, the selection of payment gateways should be regional, otherwise, you will lose faith, favor, and fans of your e-store quickly.

Security:
A secure payment gateway is the prime concern of any shopper and that needs multiple measures to be taken at developer side, your side, and your payment gateway service provider side.

  • The selection of affordable payment gateway in sense of cheaper registration and transaction fees is at your side
  • Proper integration and customizing encryption or security layers according to your bespoken needs are at your developer side
  • Offering trustworthy environment and populating brand is at your payment gateway side
  • Selecting appropriate payment option and feeding right data in right or say secure manner is at your shopper side

Virtual Terminal Services:
If any shopper directs at your support services and express her desire to buy product instantly, don’t lose the opportunity and use virtual terminal services offered by your merchant or payment gateway and fill web form manually to fix the deal or order. This is the best characteristic of any good payment gateway and its provider.

Fraud Prevention Tools:
There are many fraud prevention tools to save you losing money on chargeback services such as Address Verification Services (AVS), CW2 as three or four-digit security number on the back of debit or credit card, and other online detection methods to stop any unusual behavior of the shopper.

Others:
Apart from the aforementioned important characteristics, below are some name of characteristics to know and expect them to include in your payment gateway solutions developed for Bangladeshi shoppers in order to win their loyalty forever.

  • Recurring Billing
  • eCheck Processing
  • Choice of APIs
  • Affordability/cost
  • NPS integration
  • E-wallet
  • Easy money toppling

Fortunately, Payza Bangladesh is only payment gateway that offers all required traits of the best fit for Bangladeshi online shoppers and e-commerce entrepreneurs.

Daily Deals – Winning Tactics For Internet Shopping in Bangladesh

After prolonged deprivations, Internet shopping has become a cloying word for Bangladeshi people. People are exhibiting much interest towards e-commerce and they are from both sides, buyers and entrepreneurs. Mature online buyers demanding robust experiences while scrappy and enthusiastic entrepreneurs are offering newer trends. The recent proliferation of the daily deals sites are indicating increasing craze for Bangladeshi Groupon so let’s check what is actually going on.

It is true that Bangladesh was suffering from social, economic, and educational back lags in past, but the recent easing of international trade barriers, economic liberalization, globalization, and deregulation have altogether changed the scenario. Right efforts of governments, entrepreneurs, and people by-and-large have made changed perceptions and habits of average Bangladeshis to do buying and selling in recent past.

Conductive Environment for Internet Shopping in Bangladesh

Daily Deals Payza Bangladesh Today an average Bangladeshi has easy Internet access through mobile devices and computers at some extent. Increasing numbers of smartphone users and declining in Internet charges are boosting overall web surfing. The craze of social media have taught people to use e-commerce websites smartly and forced them to be transparent. Mature web users who do frequent Internet shopping in Bangladesh know how to do comparative shopping and how to leverage ultimate benefits of e-commerce in this small, but rapidly growing country.

After recognizing these trends, many residential and non-residential Bangladeshi entrepreneurs have established online marketplaces and daily deals websites just like Groupon doing in their western counterpart countries of the world. They sniffed the interests and habits of Bangladeshi affluent and middle-class people and unveiled daily deals websites made up of the latest e-commerce development technologies.

Daily Deals Scenario for Internet Shoppers in Bangladesh

For instance, Akhoni.com is one of the leading B2C daily deals websites harboring innumerable products on their websites. Besides these, they offer high discounts over many products and services on behalf of many local businesses by following daily deals model of Groupon. You can find mouth-watering daily deals offers from the restaurants, tourism industries, health industries, fashion and beauty niches, etc. on their website regularly.

Internet shoppers in Bangladesh are now smart and united in small to big groups. They quickly share the information on the social networking sites like Facebook with peers. Sometime they plan to visit the places, which offer daily deals such as restaurants, beauty parlors, etc. in a group and enjoy cheapest services just like doing parties.

Akhoni online shopping website and other similar daily deals websites are not offering just fashion or day-to-day used commodities, but they also offer costly jewelry and electronic gadgets for affluent class people who avoid sweating in traffic rush and wasting their time burning fuels for shop-to-shop visits. Unlike the past, recent improvements in online payment methods and Payza like Bangladeshi players have made e-transactions quite easy and safe for Internet shopping fans in Bangladesh. No doubt, trust building is the key of success in e-commerce in Bangladesh.

Smart Daily Deals Players

Another major player in daily deals sites is BdDeals, which has more than 20 million users in its database and running SMS, E-mail, and PPC campaigns for their daily deals business participants. No doubt, in this daily deals race, only quality conscious and economical sound parties can withstand for longer so daily deals websites check the background of the business and evaluate them in their own way before granting permissions to place their deals on their websites.

Payza Bangladesh That Will Actually Catalyzes the Growth of E-commerce in the Country

Payza is working with clear goals to make Bangladesh a part of global e-commerce without losing its distinguishing traits and unique identity. It has payment gateways and e-transaction solutions, which can work in highly customized ways to honor the needs and wishes of Bangladeshis and their businesses.

online payment gateway

If you take the statistics of Internet access of Bangladeshis, you might find the same scenario that occurred in the west before a decade. There is the low-quality network with few areas covered, mostly urban areas. Users have biases towards the intentions of e-commerce entrepreneurs. Social, political, and economic adversities are hastening the overall growth of the country that is also influencing the e-commerce and allied sectors.

However, the rapid proliferation of mobile devices and high-quality 2G/3G connectivity are hopes that will shorten the timeline of progress. Fortunately, Payza has experienced such transitions and technology transformations in last decade among the western regions of the world. Payza Bangladesh knows the pains of those days and how that all happened. Therefore, it has decided to take present challenges of Bangladesh and smooth the transition process with an advent of technologies.

Payza Bangladesh – The Most Appropriate Alternative

In due course, Payza Bangladesh has decided to execute the development strategies for the e-commerce where it will address the young generation first. As young generation is tech-savvy and scrappy to learn as well as adapt the incoming technologies/tools rapidly. Youths of the new generation are fanatical to simulate the western experiences in their own milieu. Thus, Payza is giving excellent UX, accessibility, and usability for their e-commerce solutions in the form of robust payment gateway solutions and e-wallet projects.

Expectations of Bangladeshis

Bangladeshi government and banks are proactive against the threats of economy and finance of the country. They never like frauds, inflation, and scams, those that pose security threats. Therefore, they didn’t allow international players like PayPal or cryptocurrencies to happen in localities without expected customizations. Payza Bangladesh has given highly acceptable, feasible, and innovative solutions for Bangladeshi ambiance.

Offerings of Payza Bangladesh

e-wallet

Payza Bangladesh has given superb data exchange facilities with desired security aspects. Its e-wallet like innovative concepts has made online payment service and e-transactions, within as well as across the countries of the world, quite easy, fast, and reliable. It has provided many alternatives to topple the local currencies in e-wallet. It has eliminated many long authentication steps during e-commerce payments. These advancements are encouraging outsourcing talents to serve the wide spectrum of clients across the globe. Exporters and importers have less stress of money exchanges and within the range of local laws.

If you look at the e-commerce scenario of Bangladesh, you will find many established as well as start-up players serving wide range of products and services categories. There are many retailers with excellent delivery services in the web sphere of Bangladesh using the latest e-commerce technologies. Marketplace web portals have bulk of items to offer. In short, with secure and reliable payment services, online shopping is the next future thing in Bangladesh where entrepreneurs have guarantees of good ROI.

Why The Future of Internet Shopping in Bangladesh Depends On e-Payment System?

Well functioning payment system means safe and secure Internet shopping experiences. Therefore, it is mandatory to know existing payment system in the country and push improvements if needed to boost the financial growth of the country. Let’s know the payment system in Bangladesh and find out how it adds value in the life of an average Bangladeshi.

Recent financial surveys, financial reports for government plus non-government agencies, and suggestions from e-commerce experts are indicating that payment system is a vital element for e-commerce conversions for the targeted audience residing anywhere across the globe.

Payment Methods

Payment Method: Success Key of Conversion

If you want to catch the target audience in a region or country, you need to respect the online payment preferences of the online shoppers who are residing in that particular region or culture. At the psychological point of view, the audience of particular region or culture generally put trust on selected payment methods.

For instance, Japanese people are cash-oriented and prefer Konbini payment system where cash is collected at convenience stores located in nearby areas. In China, Alipay is enjoying the same status as PayPal in American region and UnionPay as Chinese credit card gradually picking up speed. In the case of Brazilian audience, your e-commerce store should have Boleto Bancario payment method integrated.

Prevailing Payment Methods in Bangladesh

The same is true for Bangladeshis because they highly rely on the Payza Bangladesh like payment gateway services against PayPal and other similar international players. The true reasons behind such popularity are new online payment system call SimplySend and e-wallet.

SimplySend

Legally the payment system in Bangladesh is under Payment System Department (PSD) of Bangladesh since 2012 and it has given a green signal for the formation of National Payment Switch Bangladesh (NPSB) platform by involving the majority of banks operated in Bangladesh.

This has facilitated banks to issue or allow various credit/debit card payments using multiple routes including ATM for cash and online payment through cards with the least service charges against the hefty charges of international credit cards. Moreover, this platform has eased the online payment by omitting merchant payment gateways in between the process.

E-wallet

The next big thing Payza has gifted to the Internet shoppers and other electronic currency or payment method users is e-wallet. E-wallet is working based on Near Field Communication (NFC) technology. It allows innovative modes of payment in many unique use-cases. This way Payza has offered the most suitable and economical payment system for Bangladeshis by respecting their culture and laws of lands beautifully.

In Early Days

In earlier days, internet shopping in Bangladesh was mostly thriving on simple ads and Facebook like social media platforms where no secure and safe payment methods were available on the web. The tendency of Bangladeshis was pay-on-delivery or other traditional methods of payment due to a underprivileged society where trust factor was a sensitive issue. Gradually, Payza Bangladesh has made payment safe, secure, rapid, and cheaper against other available payment systems in the Bangladesh.