The Top Four Payment Gateway Options for Your Online Business
The goal of every business is to make profits by solving problems. Since making money is critical to the whole process, it is important to have a robust, stress-free payment gateway for the business.
A payment gateway is needed to authorize credit or debit card payments it needs to be fast, secure and appropriate for your business model and location, so choosing the right one for your purposes is an important decision.
Choosing a suitable payment gateway can be hard, but it has to be done right; your choice of payment gateway for your e-commerce business can have an enormous impact on the efficiency of payments you send and receive.
Here are four of the best payment gateways currently available:
- Amazon Payments
Amazon Payments is a popular option for payment gateways due to it’s secure and easy-to-use service. There are no additional fees charged by Amazon for the use of its gateway, so the security of the transaction is guaranteed. Amazon Payments makes its money, like most popular gateways, by taking a small percentage of the amount transferred.
Amazon Payments’ real strengths lie in its ubiquity as the service is available in many languages, and payments are possible in almost all major currencies.
The universal usability of Amazon Payments means it is a leader in the payment gateways market.
PayU was created by an Indian corporation that specializes in payment processing, and their collective expertise has helped bring a successfully utilitarian product to the market. You can integrate PayU on any application or website; even associated third-party systems can benefit from the use of PayU.
With its exceptionally low conversion rates between currencies and a clear and functional user Interface, PayU has become a popular option for many e-commerce businesses.
The gateway stores credit vault information to facilitate repeat transactions by removing the need for customers to key in their CW more than once.
Authorize.Net is one of the oldest and most popular payment gateways still in operation. Nearly half a Trillion merchants use Authorize.Net partly for its ability to create and manage individual user accounts.
Authorize.Net is suitable for e-commerce operations of all sizes, and it accepts a wide range of cards and payment methods Including digital payment options such as PayPal and Apple Pay.
The gateway also supports the option of making payments via telephone input. Authorize.Net is still one of the world’s most used payment gateways due to its wide availability, and inherent flexibility.
PayPal is another well-known payment gateway due to its wide-spread use as a payment option for both personal and business transactions.
A lot of buyers use PayPal due to the fact that it is available for free and there is no setup charge or monthly fee.
PayPal also increases your online trust by a small factor due to their buyer protection. People are well accustomed to them so they won’t have second thoughts on proceeding with your order.
There are a couple of factors that contribute to your choice of payment gateway; one of them is popularity and a good track record of performance.
The four payment gateways discussed in this article have been proven to be powerful services that can be relied upon by businesses. Hence, you are safe to choose from any of them.
Choosing the best payment gateway for your e-commerce business can have a large impact on the efficiency of payments you send and receive. A payment gateway is needed to authorize credit or debit card payments it needs to be fast, secure and appropriate for your business model and location, so choosing the right one for your purposes is an important decision. Here are four of the best payment gateways currently available.