I’ll use this space to remind you that reading the full terms and conditions of any provider is as important as knowing what you’re looking for. Now you’re all set to jump to the first point.
This might be the key thing to consider. Pricing may come in several types: set-up fee, monthly fee, and transaction fee. If high-value transactions comprise the lion's share of your money flow, a payment gateway with a fixed monthly fee and a low transaction fee might be a reasonable choice. It’s good to consider transaction limits too.
Some providers allow you to use their gateway for free, like Vapulus, Melio, and SecurionPay. By the way, Melio often gets kudos on G2 as excellent service from small businesses.
Visa and MasterCard may still be the most popular card brands, but the variety goes beyond that duo. Also, you should consider that customers may choose to pay with a debit or prepaid card.
Most gateways have more than four options for credit cards, and support debit cares too. If you’re looking for a gateway for managing digital currency transactions, there’s BitPay.
The holding time, a period when you’re waiting for the funds to arrive in your account, can vary from 1-7 days. Depending on your cash flow, you can wait or get paid immediately.
You’ll get the optimal settlement time of 2 working days after the transaction date by choosing PayU.
International businesses should be able to accept various currencies from many points on the globe. Fees apply, so you’ll need to check what’s what there too.
A truly global reach is something that CardinalCommerce offers: 200 countries and 180 currencies.
Refunds and disbursements should be a short and smooth story, with top-notch customer support. Otherwise, customers might drop out after the first discomfort on their journey with your business.
Also, not all payment gateways can stomach recurring billing. If you don’t want to deal with failed transactions and set up automatic charges, look for a payment gateway that can do it for you. For instance, SecurionPay’s options include one-time payments, subscriptions, and mixed billing.
A hosted gateway takes a customer off-site for the checkout, as BlueSnap does. While it's an additional step in the payment process for the customer, external checkout offloads the sensitive buyer data from your website.
With a non-hosted gateway, the customer can stay on the website while entering their payment details. If speed and simplicity matter, you might want to take a closer look at non-hosted gateways like Braintree.
To conduct any operations involving card data, the merchant must be PCI compliant in the first place. Additional security features won’t hurt; moreover—they will make the customer confident that their payment is in safe hands.
Want to know a secure way to integrate a payment gateway of your choice?
→ Schedule a quick call with our experts.
Ideally, the selected payment gateway should integrate well with your website platform. Other things to consider are the range of devices your gateway should work on and their compatibility with each. Testing the technology on each platform is a sound option.
If you’re looking for a champion in providing popular payment methods, in 2022 it’s Braintree.
Get that payment story straight with the right integrations.
→ Learn how