You may find another payment gateway will be a better fit for the types of transactions or e-commerce platform that you are using.Platform SupportMost e-commerce platforms have a limited number of payment gateways that it will work with out of the box. If you can’t find an e-commerce platform that has the features you need it is possible to use multiple gateways, or have custom software built in order to make your existing gateway work with your e-commerce platform. Alternatively, if you go with a gateway that doesn’t require a merchant account you can usually start using your account the day you sign up.There Are More Options Than PayPalEveryone has heard of PayPal. You need to read the fine print to really determine which account type will work with your platform.The fee structures that PayPal offers tend to be some of the most confusing in the industry. That will save you from needing to switch payment gateways. About the authorDamon Schopen designs and develops web-based software for the powersports industry. It is more common these days to not need a merchant account. The documentation on the different account types can be confusing. When setting up your e-commerce store or SaaS application you need to select a payment gateway in order to collect payments. Just because your e-commerce platform supports PayPal doesn’t mean it supports all account types. Each account type has a different fee structure, different features, and different capabilities. Most gateways support the standard online store where a customer places an order and makes a one time payment. This will save you a lot of time.If you already have a payment gateway that you have been using it might be better to select an e-commerce platform that will work with your existing gateway. Maybe you plan on opening up your platform to multiple sellers in the future. It is important to explore your options and find the one that will be the best fit for you, your customers, and your business. It is similar to the point of sale system or credit card terminal found in a traditional store. This is another area where you need to read the fine print in order to understand all the fees you will be charged. Leave a Reply Cancel replyYour email address will not be published.You may use these HTML tags and attributes:

Payment Gateway Application

Payment Gateway Application

It isn’t worth the hassle or risk for most companies. PayPal may turn out to be the best option for you, but it is important to at least consider all of your options. A higher amount of transactions doesn’t always translate into lower fees. For the past nine years Damon has helped a variety of companies on the powersports industry develop the web-based software they need to do business with their customers.Related Posts Take An Inside Look At One Of Amazon’s Fulfillment CentersYou place an order on Amazon and in a few days a box arrives at your d What You Need To Know About EVM Chip Cards And Online TransactionsA big deadline is nearing rapidly in the credit card industry. That way you don’t have to switch down the road. It is a common myth that PayPal is easier to get set up. Maybe you never actually open up to multiple sellers, but if you can support it the option is there for  you.Identifying the features you need, doing a little research, and comparing your options will help you select the right payment gateway that will serve you well for years to come.If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader. Sharing Data Across Software ApplicationsWe have all been there. Many other payment gateways are starting to offer similar fee structures. If you are looking to do something similar to Etsy or E-bay where you have multiple sellers you will need a special setup to process a transaction where part of the payment goes to your seller and part of the payment goes to you.RatesDon’t forget to compare the rates that you will pay with different payment gateways. Handling credit card payments and ACH payments through the same payment processor can be really convenient.Another feature that isn’t widely supported is a marketplace type of environment. Having a list of required and “nice to have” features will help you narrow down your options quickly. 5 Technology Trends In Retail To Keep An Eye OnTechnology is rapidly changing the landscape for retailers. This is a special bank account that is for collecting credit card payments. He specializes in e-commerce, interactive websites, integrating software systems to allow sharing of data across systems, and customizing existing software applications to meet your specific needs. With at least several dozen payment gateways available how do you choose the one that is right for you?What Is A Payment Gateway?A payment gateway is a service that processes credit card transactions for you. You might as well select a payment gateway that will support that now. Think about your future goals for your site or service. After you are up and running it can be expensive, and not to mention a pain to switch. However, PayPal usually isn’t the best option for most people. If you are ever found to be in violation of those rules or if you are hacked you could face huge fines. Every payment gateway does their own thing, but it is pretty common these days to pay a percentage of the transaction plus a flat fee. Let the payment gateways who are experts at PCI compliance take on the task and the risk of keeping the credit card data secure.Do you have customers who prefer to pay by check? Then, ACH might be just the thing for you.