Tips to Choose a Payment Gateway
As soon as you receive the go-ahead to accept credit cards, your next step is to choose a payment gateway. If your merchant account provider already has a designated gateway for you to use, then thatâ€™s good news. It indicates that a relationship is already established. Both ends know how to successfully come together in the middle. Alternatively, the provider may have partnerships set up with several gateways. They simply refer you and let you select the best payment gateway services. Or you may be left to search for a payment gateway on your own. But selecting a payment gateway needs meticulous care, hooking up with the wrong one can bring your sales to halt. The aim of this article is to provide the necessary tips to find the right match. Have a look, Assortment To be more effective, select the payment processors, who work with all major credit cards, including MasterCard, Visa and American Express. Compatibility Your selected gateway should integrate with your shopping cart software. Even though, all the major gateways are already set up to talk with the majority of off-the-shelf shopping cart, it never wrong to verify that your gateway is compatibility. On the other hand, if your shopping cart is a lesser known software or custom designed, you should have to do a little programming to make your gateway communicate with your site. Timely payments Select a gateway that deposits your money within a few days at most. Each payment gateway services have its own rules for when and how to make payment to your bank. So choose accordingly. Accessibility Make sure you can view the status of your transactions in an online report, along with other management tools. Never let this option down, this is another factor that can determine your sales.
Customer Service With any payment gateway service provider, be certain that they have customer service support available at any time of the day or night. Necessary payment transaction security requirements The payment gateway you choose should have the following security requirements: •
Confidentiality – It safeguards the user’s privacy and prevents the theft of enterprise info both stored and in transit.
Integrity – Data integrity is achieved by preventing unauthorized or improper changes of data ensuring internal and external consistency.
Non-repudiation – It is must which ensures that neither the sender nor the recipient of a message can deny the transmission.
Feature-rich Check your payment gateways whether it allows recurring billing, additional payments options and fraud protection tools etc… Along with the above factors, look for payment gateways that offer secure payment processing from mobile devices. The author has an immense knowledge on payment gateway services. Know more about payment processors related info in his website http://www.fastcharge.com
Published on Oct 3, 2013
Published on Oct 3, 2013
As soon as you receive the go-ahead to accept credit cards, your next step is to choose a payment gateway. If your merchant account provider...