Subscribe to get Updates
  • Login
AgreeWithUS
  • Contact Us
  • Home
  • GENERAL KNOWLEDGE MCQs
    • FPSC MCQs
    • NST MCQs
    • PPSC MCQs
  • SUBJECT SPECIALIST
    • CHEMISTRY MCQs
    • COMPUTER SCIENCE MCQs
    • CURRENT AFFAIR MCQs
    • ENGLISH MCQs
    • PHYSICS MCQs
  • News
    • Entertainment
    • Misc
    • Trending
No Result
View All Result
HealthNews
No Result
View All Result
Home Business

How to Choose and Integrate Payment Gateway

mindmingles by mindmingles
July 21, 2022
in Business
0
gateway
0
SHARES
282
VIEWS
Share on FacebookShare on Twitter

Today, there are thousands of options to choose from when it comes to the choice of payment gateways. So, choosing a payment gateway suitable to your payment processing needs can be extremely challenging. To find the best solution for your business you need to consider several variables as they should relate to your specific e-commerce site.

Primarily, the choice of a gateway has to be based on a certain criterion – that said transaction pricing, integration process, need for additional features, etc. Depending on those different criteria and ease of software implementation, your choice will vary and narrow.

For small or startup merchants, the choice of gateway solutions may be limited to one or maximum three gateways that would be willing to deal with them.

And this fact makes it very difficult to choose a real good payment gateway software for businesses.

The reason is that there is not any payment gateway that would meet the basic needs of every e-commerce business globally and in any currency.

That’s why before deciding which features of payment platforms are the most needed for selling your specific goods or services and limit your choices the only one that would meet best your requirements.

You must realize that the size and country of origin of your online marketplace will play a big role in which processors will work with you. As well as the payment methods and currencies you need to accept. Here are some other aspects you need to take into consideration:

  • Software: While some processors provide free apps for startups and low transaction volumes, high-volume websites may have high costs to purchase the payment processing software. Moreover, the software pricing includes various security upgrades, patches and even updates, and the costs related with scaling the software along with business growth.
  • Hardware: This means mobile card readers like Square or POS card readers if your e-commerce website has a physical store attached to it. Some stores manually process credit card payments for their online store.
  • Miscellaneous. Fees and costs: Sometimes happen that fees can be hidden in small print, and various extra costs will appear over time. Those fees can be anything starting from setup fees to early termination fees.
  • PCI Compliance expenses: This can be quite expensive and important concept of a website’s possibility to accept payments online. These costs can also be extremely high for different e-commerce businesses due to the need to keep consumers credit card data secure.
  • Chargeback: Potentially, any sum of money can be returned to the customer for purchases made with credit card, so merchants need to pay additional fees to the payment processor.
  • Transaction Processing: Not every processor is able to process high-volume transactions on a regular basis. So, it’s essential to know your processor’s transaction volume limit.
  • Online Transaction Processing: merchants should pay transaction processing fees every week or month.
  • Maintenance: This includes support for merchant account, tech support, support for customers, and software.
  • Flat Fee: Once merchant receives a payment, he’s obliged to pay a per transaction flat fee.

So, choosing a payment gateway can require knowing much more concepts if you can imagine as you need to know well all about features and services you’re going to provide, in what countries and currencies you’re interested to accept. Once you’ve decided all those concepts, you can easily make the right choice of a payment gateway for your e-commerce website.  For more information about payment gateway integration process, contact us. 

Previous Post

Present Quotes in Your Press Release Like a Pro

Next Post

How To Choose A Jewelry Insurance Company

mindmingles

mindmingles

Next Post
How To Choose A Jewelry Insurance Company

How To Choose A Jewelry Insurance Company

Discussion about this post

Recommended

Serena Stevens Missing – Who is Serena Stevens?

Serena Stevens Missing – Who is Serena Stevens?

1 year ago
Ab De Villiers Death – Where is AB de Villiers now?

Freddie Mercury 30th Anniversary of Death – Freddie Mercury Passed Away!

1 year ago

Otf Aroy Video – Full video of OTF Update!

1 year ago

Getinthecar leaked – What Is Getinthecar Girl Name? Update!

1 year ago
A Must-Have Checklist for Moving into a New Home

A Must-Have Checklist for Moving into a New Home

5 months ago

Wyatt Hatcher Obituary – Death

1 year ago

Don't Miss

Tips For Taking Care Of Young Children

Tips For Taking Care Of Young Children

March 17, 2023
Ways to Avoid an Unhealthy Lifestyle

Ways to Avoid an Unhealthy Lifestyle

March 16, 2023
9 Tips On Keeping Your Newborn Healthy

9 Tips On Keeping Your Newborn Healthy

March 16, 2023
Follow these 6 ways to take care of your mind and body

Follow these 6 ways to take care of your mind and body

March 16, 2023
AgreeWithUS

Follow us

Recent News

Tips For Taking Care Of Young Children

Tips For Taking Care Of Young Children

March 17, 2023
Ways to Avoid an Unhealthy Lifestyle

Ways to Avoid an Unhealthy Lifestyle

March 16, 2023

Tips For Taking Care Of Young Children

by samanvya
March 17, 2023
0
Tips For Taking Care Of Young Children

Children are innocent beings who fill our lives with joy and gratitude. However, they are also weak and naive, and...

Read more
  • About
  • Advertise
  • Privacy & Policy
  • Contact

AGREE WITH US © 2022. All Rights Reserved.

No Result
View All Result
  • Contact Us
  • Home
  • GENERAL KNOWLEDGE MCQs
    • FPSC MCQs
    • NST MCQs
    • PPSC MCQs
  • SUBJECT SPECIALIST
    • CHEMISTRY MCQs
    • COMPUTER SCIENCE MCQs
    • CURRENT AFFAIR MCQs
    • ENGLISH MCQs
    • PHYSICS MCQs
  • News
    • Entertainment
    • Misc
    • Trending

AGREE WITH US © 2022. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In