Compare The Payment Gateway Provider In Market

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.

*Monthly fees *Setup fees *Termination Fees *IRS (Internal Revenue Service)  *fees *Batch fees *Annual fees *Contract Fees *Customer service 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 is 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.

A security breach can affect not only the merchant but also the customer’s money.

Make sure you read the terms and conditions of the company.

You must check the kind of security they provide.

Moreover, check the support provided by the gateway service provider in case of fraud and chargeback.

Allowed Card and Payment Types

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.

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.

Check whether the services are available on mobile phones or not.

As most users now make their transaction using mobile phones.

Moreover, their response and the waiting time for each payment should also be taken into consideration.