You can follow this article to compare the Payment Gateway provider in the market. For more information, you can contact Merchant Stronghold for the assistance. Also, we can help you choose and compare Payment Gateway Provider.
Fees and Additional Fees for the Services
The transaction processing fees and other fees for the services can affect your profit. As a merchant, you should compare the payment processing fees of the services and then get the one that is required. Here are the different fees or charges that a payment gateway service provider can ask.
Customer service fees Monthly fees Termination Fees Setup fees Batch fees IRS (Internal Revenue Service) fees Contract Fees Annual fees PCI (Payment Card Industry) compliance fees Statement fees
These are the list of fees that a payment gateway provider can ask. There could be more than what are available in the list above.
Security and Customer Service
When you are Comparing Payment Gateway Provider, you must check the security and customer services provided by the different service providers.
Make sure you read the terms and conditions of the company. Moreover, check the support provided by the gateway service provider in case of fraud and chargeback. You must check the kind of security they provide. A security breach can affect not only the merchant but also the customer’s money.
Allowed Card and Payment Types
Types of cards and payment types should be allowed while accepting the payment to help the merchants to compare Payment Gateway provider. Here is the list of popular Card Service Providers:
Visa – MasterCard - American Express – Discover – JCB – Diner
You must choose the card acceptance according to your customers. Also, compare Payment Gateway provider depending on the majority of card payments you get.
User-Friendly or Customer Friendly
The Payment Gateway should be interactive and easy to use for the customers. That means the customers with or without technical knowledge should be able to use the Payment Services with ease.
As most users now make their transaction using the mobile phones. Check whether the services are available on the mobile phones or not. Moreover, their response and the waiting time for each payment should also be taken into consideration.
We provide assistance with high-risk payment gateway, credit card processing, merchant processing services and many more. You can call us at the support number or access the 24/7 email support.
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