How to Choose the Right Payment Gateway for Business?

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A payment gateway is a merchant service that interfaces the authorization of a shopping cart with the credit card company for e-commerce businesses. It acts as a connecting door between the retailer and customers to process payment transactions smoothly. A payment gateway is essential in e-commerce businesses for processing the credit cards and ensuring if the payments are made.

Few recognized payment gateways around us are Braintree, Amazon Payments, Stripe, PayPal, Authorize.net etc. Finding an appropriate payment gateway out of the pool of available options can be sometimes tricky and time-consuming.

Here are 5 important factors that would help you choose the right Payment Gateway!

1. The Flow of payment

Go for the gateway provider who offers a simple and transparent checkout and payment flow. A one where the merchant and customers are notified timely based on each transaction or order.

2. Security Compliances

It should be Payment Card Industry Data Security Standard (PCI DSS) compliant and follow all security compliances. Making your customers feel safe and secure will help you build trust overtime.

3. Numerous payment optionsChoose a payment gateway which offers the maximum number of online payment options. Customers love it more when multiple options of payments are available for transaction. It should be able to integrate with recurring billing systems like Chargify. The tie-ups and integrations with various payment processors and the service providers show its legitimacy and authenticity.

4. Fees or Charges

There may be multiple charges involved while setting up the gateways, hence it advised to check the fees that are charged like setup fees, periodic maintenance fees, integration fees, Merchant Discount Rate, etc.

5. International payments business

If your business demands a global involvement in any time in future, it’s advised to plan accordingly by picking a payment gateway that supports international payments.

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Digital Mesh Softech India (P) Limited

Still confused? You always have the option to seek help from the expert web developers for

advice. At Digital Mesh, our experienced developers have extensive knowledge in

Payment systems like Braintree, Stripe and Chargify. Being one of the leading E-Commerce Development Company in India, we assure to

provide you with the best service possible. Please feel free to get in touch for any

assistance.

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