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1. The rapid development of mobile payment brings opportunities
CNNIC's 38th statistical report "Statistical Report on the Development of Internet in China" shows that as of June 2016, the number of users using online payment in my country reached 455 million, an increase of 38.57 million over the end of 2015, a growth rate of 9.3%,best subscription payment service， and the number of Internet users in my country reached 455 million. The proportion of online payment increased from 60.5% to 64.1%. The number of mobile payment users has grown rapidly, reaching 424 million, with a half-year growth rate of 18.7%. The proportion of netizens using mobile online payment has increased from 57.7% to 64.7%. The mobile payment market has a large space and has become a general trend.
2. The diversification of the market economy of payment enterprises arises
In the future, the development of the payment enterprise market will become more and more fragmented, showing an absolutely fragmented feature. Therefore, it is impossible to "dominate one family", but to compete for hegemony through a diversified group of heroes, which reserves its own living environment space for Aggregate payment. "
3. Internet finance is still in the ascendant, and the payment market demand is huge
(1) Mobile payment has changed the payment habits of users. In order to meet the needs of customers, merchants urgently need to access various convenient payment methods.
(2) The trend of online and offline integration is obvious, and payment pays more attention to scenarios, which puts forward higher requirements for flexibility and convenience.
With the advent of the era of national entrepreneurship, large-scale small and micro enterprises have sprung up, and the market has a large demand for services that provide professional payment access.
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Why are subscriptions so popular?
By replenishing frequently used things as soon as they run out, customers can avoid going to the store to restock on those items, which saves time. With subscription brands, customization is quite popular and promotes a sustained engagement between the customer and the brand.
I need to set up a payment service.
Building a payment gateway
Build the infrastructure for your payment gateway. Whether you use your own server or one provided by a third party, you'll need a server to host your gateway. Decide on a payment processor. Build a system for managing your client relationships (CRM). Put security measures in place. Get the necessary certificates.
Which method of payment for subscriptions is preferable, debit or credit?
All regular payments must be made using a credit card.
It's a good idea to charge any recurring expenses you have, such as Netflix, Amazon Prime, or Spotify subscriptions that renew each month or annually, to your credit card, preferably an older one that you don't use as frequently.
