Payment Gateway Comparison
PayGate Credit Card Payment Gateway
Payment Gateway Comparison
To choose between payment gateways or to make a payment gateway comparison,
there are a few things to consider before jumping in and making one of
the most important decisions affecting your eCommerce business.
Payment Gateway Comparison
Credit card processing currency
currencies does the payment gateway support and do they have a PayFx
currency converter built into their offering that clearly explains to
cardholders how the currency conversion is taking place. eCommerce is
often about trading internationally and it is imperative that when you
are dealing with your customers, you give them the comfort that you are
an international business and understand their currency.
Credit card processing security
payment gateway is dealing with sensitive information on your behalf
and it needs to be secure. It is your payment gateway's job to make
sure that the credit card processing information is secure and that
they have embarked in becoming PCI compliant. PCI is an initiative
that is being implemented worldwide to ensure that payment gateways are
handling and storing sensitive information safely. So make sure when
doing your comparison that your payment gateway of choice is taking PCI
Acquiring banks supported
Make sure when you are doing your payment gateway comparison
that your payment gateway is linked to a good selection of banks in
case you want to negotiate better rates for your credit card processing
from other acquiring banks. This will save you the hassle of doing
another payment gateway integration which will cost you time and money
and may put your website out of action if the changeover to another
payment gateway is not smooth.
Alternative Internet Payment Solutions
When making your payment gateway comparison,
it is useful to have other payment methods such as Ukash, FNB Cell
PayPoint and others as an alternative to credit card. This is
particularly useful in developing countries where credit card
penetration is low. Also, it can be risky dealing internationally by
credit card and there are some new payment methods for transferring
money from one country to another economically and can guarantee you
This is an important point when doing a payment gateway comparison.
What is the point of choosing a payment gateway based on price or
functionality when its down half the time. Choose a payment gateway
who does large volume airline credit card processing or casino credit
card processing. These industries can't afford to be off line for
credit card payments for one minute, so if you choose a payment gateway
supporting the airline and casino industries you are pretty safe.
Fraud and Risk Management
Internet credit card fraud has increased exponentially, so in your payment gateway comparison,
make sure they have a simple, effective and economical fraud and risk
screening product like PayProtector to ensure that you are selling your
services to the owner of the credit card and not some fraudster. Fraud
and risk screening has become an essential part of your service, so
don't take a chance - the cost of fraud and risk screening if you
choose a good payment gateway will be a fraction of the cost of just
one fraudulent sale.
Credit Card List Processing or Subscription Processing
you are going to sell goods on mail order and want to upload a file
every day or month for bulk processing or batch processing, then make
sure they have a PayBatch product. Similarly, if you want people to
pay you subscriptions monthly or quarterly then in your payment gateway comparison,
make sure they have something like PaySubs where the payment gateway
will automatically debit the credit card for you on the specified dates
EBBP - Invoice for Payment By Credit Card
Bill Payment and Presentation is becoming more popular these days, so
if you need to send bills and invoices out to your customers, then it
is useful to have a product like PayBill where you can simply generate
a bill which is automatically emailed to your customer and (s)he can
click and pay you securely by credit card and ensure that you and your
customer get an email notification of payment.
Tenure and Track Record
good test is how long has the payment gateway been in business for.
Over the years, valuable experience is gained to ensure secure,
effective and reliable processing of internet credit card processing.
This experience can only be picked up over time and through
experience. So when making a payment gateway comparison and choosing a payment gateway, choose one that's stood the test of time.
XML Control Over Your Credit Card Processing
you are a big company and/or a high end developer and you would like to
have absolute control over the look and feel and functionality of your
credit card processing, then when choosing a payment gateway, make sure
it has PayXML. This is where you pass the credit card information to
the payment gateway in the background and the look and feel is entirely
at your discretion. This is also great if you would like to do mobile
credit card processing for example with mobile poker applications.
the bottom line is that there are a lot of things to think about when
doing a payment gateway comparison. Make sure that you go through the
check-list above to ensure that your needs are met when making your
final payment gateway comparison.