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What are the features we should look for while choosing a payment gateway?
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Author:  MichelleDow [ Tue Nov 07, 2017 7:47 am ]
Post subject:  What are the features we should look for while choosing a payment gateway?

What are the features we should look for while choosing a payment gateway?

Author:  BaileyDomke [ Wed Nov 08, 2017 10:47 am ]
Post subject:  Re: What are the features we should look for while choosing a payment gateway?

There are several payment processors available in the market but you should consider the following factors when choosing a payment gateway.

1. Try to understand the customer’s preferences. There are people who prefer to pay only via credit cards so focus on the mode rather than giving other options which could make them hesitate to close their transactions. This will require you do a little research to learn about your client choice.

2. Customers do not want to pay more than what they purchased. They may shun away if the gateway transaction charges are high. Look for reliable providers with a low transaction fee. The fee structures vary from one service to another.

3. Recurring billing system should be followed especially since several customers prefer the subscription model of billing with monthly payment plans.

4. It is important to have gateways that are mobile compatible. It is the in thing today for consumers to use their mobile devices for all their needs and if the gateway is mobile accessible it becomes convenient to transfer funds.

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