With online business booming, it is a trend to see new
ecommerce websites emerging each day which sell different kinds of products as
well as services. Debit and credit card payments constitute the main way of
making payments online. A right credit card payment gateway is crucial for the smooth functioning of the payment
transaction and making life easier both for the business owner as well as the
customer. While making the choice, few pointers should always be kept in mind:
Digital Security
This should be the first thing that you look into. In view of
the various online frauds, you must double check and ensure that gateway works
in an absolutely secured manner for both the customer as well as you. The
highest level of protection and security is achieved if the gateway is PCI DSS compliant. You should not choose any company not having it. Other fraud
prevention tools should also be looked into to ensure a strong fraud detection
mechanism as well as strong data encryption.
Onboarding Timeline
This is the time taking by payment gateways to secure
approvals for merchants to use their facilities from partner banks. It is not
uncommon to hear this timeline stretched to 2-3 months which definitely proves
detrimental to your business goals. It’s best to opt for gateways that do not
exceed this timeline beyond a week at the most.
Other considerations to look into are ease of integration,
mobile optimization, customer support and finally the pricing. A good payment
system will imply better customer retention and better customer satisfaction.
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