Payment Gateway Selection
Points to consider when selecting payment gateway!
Payment Gateway Selection
Fraud Detection: Before selecting any payment gateway be assured that they support fraud detection and risk management tools.
It is important that the Payment Gateway you choose supports basic fraud detection and risk minimization measures. Choose a Payment Gateway which offers you Fraud Detection and risk minimization tools apart from AVS and CVV2.
Secured: On internet many financial transactions take place, so the payment gateway processing the credit card must be digitally secured and ensure the safety of order and payment details. Verify that your payment gateway must take care of data security, application security and transaction security.
Easy Integration: Today every customer likes to make fast and easy payment. A merchant could lose a customer due to complicated payment process. So it is required that every payment gateway offers easy integration and implementation process. Make sure to check up the feasibility of the integration process before commit on your payment gateway decision.
Hidden Cost: Many payment gateway does not disclose many hidden costs in the beginning. Some of the hidden costs which any payment gateway service may ask you, as follows:
Technical Support: Make sure that the payment gateway must have a team of well-trained technical help desk persons who provides 24x7x365 support. They should also solve your queries in the shortest duration possible.
Multi-currency Support : Multi-currency support allows a merchant to accept payments in different currencies from all over the globe. It enables you to charge your customers in local currencies. It is important that payment gateway should support multi-currency transactions.
Shopping card compatibility : Payment gateway should be compatible with your shopping cart or offer its own shopping cart for your website.
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