03 JUN

Payment gateways have no such features, merchants should pay attention when choosing

  • Life Style
  • Barbie
  • Mar 03,2022
  • 29

Payment gateways have no such features, merchants should pay attention when choosing

Data Portability

It is a good idea to get your own corporate payment security gateway, APP payment gateway which will allow you to import all this data into another payment gateway if you decide to switch to another service provider.

Settlement Time

Know how often funds are posted to your merchant account. If you need to use or transfer funds, the longer it takes to settle may cause you problems.

Fraud prevention capabilities

Payment gateways should meet pci dss Level 1 standards and have built-in tokens and encryption. It's also a good idea to ask what real-time fraud detection tools are currently used to screen transactions and prevent fraudulent activity.

Checkout Experience

Without a seamless checkout experience, payment gateways will only exacerbate your goal of keeping your customers happy and satisfied. We also recommend that you use a payment gateway that is personalized with a user interface that matches your brand and is optimized to increase conversion rates.

Payment Methods

Ask your gateway provider which payment management methods are acceptable. In order for students to fully exploit your payment gateway, it should be able to accept credit/debit cards, online business banking, direct debit and digital wallets by how it works.

Currency

The best approach is to choose a payment gateway that supports multi-currency.

Try to identify the specific currency it supports. If the payment gateway has currency limitations, consider a way to fill those gaps or find another payment gateway provider that can meet all your needs.

Correct integration

Make sure the payment gateway will integrate seamlessly with your preferred billing system, billing system or shopping cart. If the payment gateway already has a complex API and powerful plugins, you can avoid longer development times.