The world of payment gateways is a confusing one, and it’s easy to feel overwhelmed by all the options. There are a lot of things to consider when choosing a gateway, but you can make the process easier by keeping these four tips in mind:
Don’t be tricked by marketing language.
- Don’t be fooled by fancy marketing language.
- Don’t be fooled by low fees.
- Don’t be fooled by the name of the payment gateway. For example, “PayPal” sounds like an established company with a good reputation, but it’s just a payment service that has been around for over 20 years and is now owned by eBay (which isn’t exactly known for its customer service).
- And finally: don’t let yourself get caught up in the hype surrounding new payment gateways! Many people will tell you how great they are because they want to sell their product or service–but this doesn’t mean that every word out of their mouth is true (or even remotely accurate).
Understand the way your gateway works.
- Payments are made through the gateway. A payment gateway is an online service that sends your customer’s information to us, processes their payment and then passes on to us the amount paid by them.
- Gateways can be used for different types of payments, such as credit cards or bank transfers (ACH).
- In addition to processing credit card payments, some gateways also support other forms of payment like eChecks (electronic checks) and PayPal. Some gateways only support one type of payment method whereas others support several methods at once!
- Some gateways act as middlemen between merchants and banks/credit card companies; others have direct connections with these organizations so there aren’t any additional fees involved when using their services!
Know who you’re dealing with.
When choosing a payment gateway, you need to know who you are dealing with. You should be able to trust them and feel comfortable with the information they are providing. A good way to start is by looking at the website of your chosen payment gateway provider and see if there is any information about them (company name, address, phone number) or their staff members (names).
If possible contact them directly and ask some questions before proceeding further into partnership negotiations:
- Are they registered in any kind of business register?
- Does their company comply with all applicable laws?
- What kind of products/services do they offer?
Be ready to walk away if something doesn’t feel right.
When you’re shopping around for a payment gateway, it’s important to be ready to walk away if something doesn’t feel right. You want to make sure that you’re getting the best possible service at the best possible price. If the company doesn’t seem like they are willing or able to provide what you need, don’t hesitate in asking questions or ending negotiations with them.
You might also consider asking for references from other companies who have used this particular payment gateway before–or even better yet, ask one of these companies if they would be willing to let your company test-drive their software before committing yourself or signing any contracts!
Don’t go with the first gateway you see, make sure you do your research!
A good payment gateway will be easy to use, secure and trustworthy. The best way to avoid risk is by doing your research before choosing a payment gateway.
Here are some things you should look out for when choosing a gateway:
- Reputation – Look at how long they’ve been in business and what their customers think about them on review sites like Trustpilot or Yelp!
- Ease of use – Is the software intuitive? Does it have a lot of features that would help grow your business?
- Security – Are there any breaches in security history with this company or its partners? Does it have an SSL certificate (the padlock symbol) on its website URL when making payments online?
If you take the time to research your payment gateway options, you will be able to make an informed decision that meets your needs. Remember that not all gateways are created equal and some may not be right for your business. If you feel like something doesn’t seem right about a particular company or service provider, it probably isn’t worth pursuing further
