Tuesday, February 24, 2015

How To Select a Payment Gateway For Your E-commerce Business?


It is difficult to find a trusted and affordable payment gateway, especially if you do not know about that.  The present article is dedicated to provide you some information about how to choose a payment gateway for your business.  Choosing a payment gateway is not an easy task as you have to check many things before you go and finalize which payment gateway to go for.
Step One: Integration
First of all they should check the aspects related to integration of your e-commerce website with the payment gateway.  It is important to verify whether your e-commerce website can be integrated with the payment gateway.  A payment gateway cannot be integrated with all of types of e-commerce websites.  So, compatibility check is the first step towards choosing a payment gateway.
There are different types of shopping carts in e-commerce websites and all of these are not compatible with every payment gateway.  If a shopping cart is not integrated well with a payment gateway, it might affect your transactions.  It may lead to slower speed and can infuriate your customers.  Apart from customer dissatisfaction, it can also result in lesser transactions, which can impact your revenues.
Step Two: Fees and Charges
The next most important thing is to check the charges associated with a particular payment gateway.  You can use the setup and processing charges.  Unless you are comfortable with these charges, you cannot proceed to the next step.
Step Three: Security
Security is also very important for an e-commerce website.  Your transactions must be smooth and secure.  If you cannot trust your payment gateway as far as security issues are concerned, you cannot proceed further.  It is also related to your reputation in the market.  So, you should always make sure that your payment gateway is offering you stringent security arrangements.

Step Four: Professionalism and Expertise
Your business needs can best be met by a payment gateway run by professional people with required expertise.  If they do not have sufficient experience in payment gateway operations, it will definitely impact the services.

Step Five: Robust Customer Support
The next most important thing to consider is the quality of customer support offered by your payment gateway.  If a payment gateway service provider does not offer robust customer support, all its professionalism and expertise is of no use.  There are many instances where you need customer support promptly.  If it isn’t offered in time, it may impact your transactions and business.