Top 6 Tips on Choosing a Payment Gateway for Your Online Store

As a business owner, if you are selling your products without using an e-commerce website, then you payment gateway for website is the best way to accept debit and credit card payments from your domestic and international audience.

In this article, we will share some top tips to help you choose the right payment gateway for your online business.

Fee structure
It is important to partner with a payment gateway provider that offers a flexible fees structure. Some service providers charge a fee per transaction while some charge a flat monthly fee for a fixed number of transactions every month. Before committing, ensure that you are aware of the fees structure. Select a payment gateway for website that meets your present needs and also which can help you in the future.

Reputation
There are plenty of payment gateway providers in the market. Choose a reliable and proven payment gateway provider with features that can help you and your business succeed. Also, choose a one which can offer a great shopping experience to customers visiting your online store.

Security
Security of your customer’s sensitive data should be the top-most priority of an e-commerce merchant. Make sure you partner with a service provider that is compliant with Payment Card Industry Data Security Standard (PCI DSS).  Also, check if they have fraud protection tools and other advanced solutions to minimize fraudulent transactions.

Integration
For an online business to run, you need to integrate the payment processing with your e-commerce website. During the process of selecting a payment gateway, it is important to check if the payment gateway is supported by your website or not. Also, to make the payment process hassle-free and quick for your customers, ensure that the integration is simple.

Customer support
Before committing to a service provider, do not forget to look at the type of support that is being offered to the customers in case if any issue arises. Does the payment gateway provider offer telephone support or only email support? Are they available 24/7? Ask these questions beforehand to check on the type of customer support that is being offered.

Mobile optimization
Another important factor to consider while opting for a payment gateway is that if the payment gateway supports the payment method of your target audience. To run your business successfully, you need to have a payment gateway that supports the method of payment of your customers and offer them the convenience of shopping online. In today’s busy world, there are customers who prefer using mobile phones to shop, so it is important to check if the payment gateway gives the flexibility to customers to pay regardless of whatever device they use.

Conclusion
Payments are the lifeline of an online business, so it is important to choose the right payment gateway. Using the above-mentioned tips, choose an online payment gateway that will help your business to grow manifolds are missing out on something very big. Finding the right

Sell Global with International Payment Gateway Services

Planning to go International?

To sell your awesome products to international customers, you need an international payment gateway.
An international payment gateway allows online merchants to receive payments from customers across borders.

Let us discuss what is involved in online payments across borders and what to look for in when choosing international payment gateway services.

Payment Method
Payment methods preferred by customers vary by country to country, so it is important to learn the preferred payment methods of international customers and the market that you are targeting. Some prefer to pay online via credit cards while some do not. The best way to address this is by offering your customers multiple payment options.

Local currencies
By selling online internationally, you can expand your customer base, but at the same time, you should make your customers feel at home. Checkout is the place where most of the shoppers abandon their cart. One of the main reasons for this being a lack of trust and convenience. For this, you need to list your prices in their local currencies. One other way to offer comfort and convenience to your customers is by allowing them to pay in their local currency using their preferred payment method. Whenever you are choosing an international payment gateway service, find out if they give the option to you to accept payment in foreign currency. The main benefit of this is to a customer is better user experience and hassle-free checkout as they are paying in a currency that is familiar to them.  For you, this means higher sales!

Taxes and Duties

Apart from determining the preferred payment methods, you need to have a good understanding of the taxes, duties and customs of the country of your target audience. Each country charges foreign tax such as VAT on the goods sold. So, before selling internationally, you need to check the VAT rules and find out the steps that you need to follow.

Payment Options

Apart from accepting payments through credit and debit cards, wire transfer is another option to receive payments from your international customers. Another option is money orders, but for this, you need to accept only from customers with whom you have a history otherwise they can trick you.

Fraud and Risk management

When selling internationally, you should be prepared to handle risk and fraudulent transactions. To minimize risk, you need to beware of high-risk countries which are known for fraudulent transactions, suspicious email addresses and physical addresses. Anytime, if you are in doubt, it is always good to check with the customer and verify the transaction.

Conclusion

The success of your online store depends majorly on how well you sell your products to your customers.  To sell products, you need the win the trust of your customers. For instance, by displaying your products in local currencies and allowing them to pay using their preferred mode of payment will prevent uncertainty during the checkout and minimize confusion. Using the above tips, now you can sell internationally through your e-commerce store and boost your sales.

Top Questions to Ask Yourself While Selecting a Payment Gateway Service

A payment gateway service is undoubtedly becoming the need of every online business owner. With an overwhelming number of payment gateway service providers in the market, choosing a one that meets your business needs can be very daunting. In today’s article, we will list out the top questions to ask yourself before you partne

r with payment gateway service provider for your e-commerce website.

Question1: What are my business requirements?

This is one of the main questions to ask before you sign up with a payment gateway. It is very important to identify your business needs of having a specific payment gateway for your customers. You need to check what would be the impact of the payment gateway on your audience. The best payment gateway service supports multiple currencies and is available in the countries where your target audience is living.

Question 2: What would be the cost involved in opting for a payment gateway?

The next question to ask yourself is what would be the financial feasibility?  Different service providers charge different fees. Make sure that the transaction fee is not costing you much; in fact, you should ensure that it does not impact your business financially. You should know the overall fees structure charged by your payment gateway provider to avoid surprises in the future. Most importantly, the payment gateway that you choose should offer you the services as per your needs and most importantly at an affordable rate.

Question 3: Is the payment gateway secure for online transactions?

Security is the most important thing for an online merchant. If you want to retain your existing customers and want to attract new customers, you need to provide them with a payment platform that is safe and secure. For this, you need to check how secure your payment gateway for making online payments is. Partner with a payment gateway provider that is compliance with Payment Card Industry Data Security Standard (PCI DSS), which means they are well equipped to handle any fraudulent activities. Also, do check if they have the right fraud protection tools and measures to prevent any security breach.

Question 4: Do they offer the right customer support?

In case there is any issue regarding a transaction, how good is support system team and how quickly will they respond? If the payment gateway does not provide timely support, then the customers will have to follow manual instructions which can be quite frustrating for a user. Ensure that the payment provider offers a dedicated customer support service which is available both via telephone as well as mail and at the same time it should be quick and smooth.

Question 5: Will it integrate easily with your existing website?

You need to offer a great shopping experience to your customers, for this you need to choose a payment gateway that can easily integrate with your online store. The easier and simpler the integration, better it is for you and your customers.

Conclusion:

Once you are prepared with these questions, you can step out in the market and select the best payment gateway service that can answer all your questions.

How to Choose a Payment Processing Solution

The global payment processing industry has become dynamic in the recent years and with so many payment processing options, it can be quite challenging to find the right payment processing company for your business needs. A wrong choice can be costly, that is why it is important to choose the right payment processor.

If you planning to expand globally, you need global payment processing services that can help sell products to international customers and boost your sales. It will present your cart in the customer’s local language and currency and offer them a wide range of payment options.

Today, we will discuss the things you need to consider while choosing a payment processing solution for your business.

Payment Security
It is the responsibility of the merchant to protect and secure the customer’s sensitive data and payment information. So, it is vital to choose a payment processor that can safeguard your customer’s payments and sensitive data using the right fraud management tools and other advanced technologies. Ensure that the payment provider that you pick offers secure data processing and is PCI compliant. A payment processor that is PCI complaint employs the highest level of data security and ensures that your confidential information is secure.

Processing Fees
Look for payment providers that offer the most affordable rates. Be aware of the processing fees and do check for any hidden charges to avoid any kind of surprises in the future. The important thing is to check on all the costs before committing to any payment provider. You need to choose a provider that fits your needs as well as your budget. If you miss or exceed your budget, you will end up paying more than necessary and lose out on your profits.

Setup and Maintenance
You want a payment provider that offers the ease of setup and maintenance. The payment processor should provide the necessary support to help you set up your account and install any equipment that your business needs.

Customer Support
What if run into some technical issues or if you have any questions regarding the bills? If any time any such problem crops up, you need a provider that is reachable 24/7 either through phone, chat or via email.

Conclusion
As you can see, these are some of the factors that one needs to consider before choosing a payment processing service for your business. Choosing a payment processing service is not a simple task, so it is wise to compare different payment processing solutions so that you have a better understanding of the pros and cons of each service. As per your findings, choose the best one that fits your needs.