Learn how to choose the right payment service provider for your business to cut the expenses and run the transactions hassle-free.
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2. THERE ARE PLENTY OF PAYMENT
SERVICE PROVIDERS OUT THERE.
THAT MAKES FINDING YOUR
PERFECT MATCH HARDER.
3. IN VIRTUE OF THAT, WE ARE
SHARING 11 FEATURES TO
PAY ATTENTION TO.
4. 1. PAYMENT PROCESSING SPEED
It's the speed of funds' transfers
from your clients to your bank
account upon the purchase.
5. 2. PAYMENT METHODS
From credit and debit cards to
digital wallets, all the payment
processors have a different
range of payment methods
available.
6. 3. INTEGRATION TYPE
An integrated page (API) allows a customer to complete the
purchase without leaving the website. Hosted payment gateway
(HPP) requires redirection.
7. 4. FEE STRUCTURE
The cost of setup, cancellation,
chargeback, and per-transaction
fees, monthly/annual charges,
microtransactions fee, etc.
8. 5. RECURRING BILLING
Recurring billing is a must
for those who offer
subscriptions, premium
content, online courses, etc.
9. 6. SECURITY COMPLIANCE
Security compliance in the form of PCI DSS, fraud and
chargeback prevention tools, SSL certificates, etc.
10. 7. PLUGINS
This option is a door of opportunity
for those who don’t want to bother
creating a website from scratch and
uses special CMSs or platforms.
11. 8. MOBILE PAYMENTS
This point refers to in-app payments opportunity that is actual
for mobile-first businesses.
12. 9. SUPPORTED CURRENCIES
Merchants should value the
payment processor’s ability to
support them in the international
and local currencies.
13. Make sure the payment
processor provides
solutions for the
GEO(s) your company
targets.
10. A NUMBER OF COUNTRIES A PAYMENT
PROVIDER OPERATES IN
14. 11. COOPERATION WITH HIGH-RISK
BUSINESSES
If you run a high-risk company (gambling, CBD,
etc.) ensure the payment processor works with
your business type and is experienced enough to
help you.