If you buy any product online for at least one time, then you should have come across payment gateways. It helps us to pay easily for products that we buy online or in store.
It allows us to go cashless anywhere and gives freedom on doing more things with currencies on the internet. If you’re an eCommerce business owner, it is important to have a payment gateway with your store to do pay and receive payments.
Payment sending and receiving is the basic function that we do with any payment gateway, but today’s ePayment services allows us to do more with one or more accounts.
So today let’s see some important factors to select a payment gateway for your business.
So, what is a payment gateway? It is a software application between users and bank or to another account. It enables secure payment transactions between websites and users.
A complicated program runs behind to make the payment process easy between payer and seller.
So when buyers pay through phone or website, payment gateway accepts the request and sends it to the bank or merchant account. From there a OTP based payment process starts and completes. Notification sent to both seller and buyer and payment process completes.
Factors to be considered while choose payment gateway:
Consider these factors to choose a payment gateway for your business or eCommerce store.
Payment flow: It is the method of payment receivement in your store. Whether you want the payment check out inside your store or the customer leaves your store and pays in the bank page to complete the payment process.
In-page payment checkouts give more trust to customers of your store as it doesn’t leave the page. You can buy verified stripe accounts for sale to make eCommerce stores a trustworthy place to purchase.
Some payment gateways charge a fee for inpage checkouts, but at least you should option if you want to opt in for that option, right?
One of the best payment service providers offer this feature is stripe, so you can buy a verified stripe account for sale to use it with your website or eCommerce store.
All device compatibility: Check the compatibility of the payment gateway in all available devices. It should open without any part of the page cut, and should function properly.
Reason for making this point as factors is because of the increased number of mobile users. If you are selling products on marketplaces like eBay, your store and payment gateways are already mobile friendly.
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Which have mobile apps and optimized for mobile browsers. Adding interfaces on your store is easy and hassle free.
Multi-currency option: It is an important factor to check when you are trying to expand your business globally. Your payment account should have a different currency and at the same time should convert or exchange to the equivalent value of your local currency.
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Each service has various country currencies, Check the country list and if your targeted country is on list go with that account.
Multi method acceptance: Customers can pay in either through debit cards, credit cards, wallets, bank redirects or even using crypto currencies.
So your payment service provider should be open for all or atleast to the important payment acceptance methods. Buy verified stripe accounts for sale to accept payment in all the formats
To be open for all kinds of payment receiving methods will greatly reduce the bounce rate of the customers.
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Crypto currency freedom: Not just by cash, users pay using their crypto currencies, fiat currencies in online shopping. So your store should open to accept as well.
It greatly improves the customer’s review on your business and brand name. To have a crypto currency option on your eCommerce store buy verified Advcash account for sale or buy verified cash app account for sale or buy verified payeer account for sale.
By these services you can save, trade, buy, sell or exchange and convert cryptocurrencies on your eCommerce business.
Some well known cryptocurrencies are BTC, ETH, LTC, XRP, BCH, ZEC, USDT crypto currencies.
Easy integration: To integrate those services on your website and eCommerce store the process should be easy to adapt. Most of the payment gateway services have smart APT options on their service.
You can use them on your sites without much technical knowledge or with help of experts, among them you can buy verified stripe accounts, or buy verified coinbase accounts for sale to have a smart API option.
Consolidated report: When you have more than two eCommerce stores it is important to have this feature on your payment gateway service. Choose which service gives you a consolidated and detailed report on sales and transactions.
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Customer service: Check whether the service you select has 24/7 customer service to solve all your payment related disputes. Buy verified stripe account for sale to experience best customer service 24/7
The support should be extended not only by call but through chat, emails and mails. If service offers that and all your requirements get fulfilled, choose it.
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Low fee: Make sure your service provider charges reasonable or low fees for the service on their platform.
From transaction fee, currency exchange fee, cryptocurrency exchange fee, processing fee , fees in all kinds of processes should be low.
Buy verified stripe accounts for sale to have reasonable fees throughout the process.
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