An Online Payment Gateway that does not fit your business model will lead to lost money and customers. If you don’t choose the right gateway, you could lose out on a lot of money.
The following factors should be taken into account:
- Cost
The cost of using a payment gateway comes in three forms: set-up charges, monthly charges, and transaction charges. Therefore, you need to consider the total cost incurred when choosing a payment gateway.
- Types of cards allowed
fpx payment gateway accept Visa, MasterCard, and American Express as payment types. As a result, Visa, MasterCard, and American Express are the most commonly use credit cards.
- Multiple currency support
It is vitally important to let your customers pay in their currencies if they do business internationally. Therefore, your payment gateway should accept payments in various currencies and from different countries.
- Hosted vs. non-hosted
The customer enters their payment details on the payment processor’s website (the customer is taken to the payment processor’s website) or on your website (the customer is not taken away from your website to enter their details).
- Security
Payment gateway security is essential for receiving payments online, as you’re storing sensitive financial information. Different payment gateways use different security standards, so you need to know them.
Choose a gateway that is PCI DSS level-1 compliant.
Let us know if you have any questions to help you choose a Secure Online Payment Solution.
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