As a small business owner, you likely know that offering your customers the ability to pay through your website or mobile app is an important part of growing your company. A payment gateway providers will allow you to accept payments from customers without having to set up and manage an online payment processing system yourself. There are many different providers available today, so it's important for small business owners to choose carefully when making their decision about which one is best for their businesses' needs.
Offering online payments is a great way to grow your business and increase sales.
As a business owner, you want to make sure that the customers who visit your website can pay for what they want to buy. This will help them feel confident in their purchase and show them that both of you are trustworthy partners in this transaction.
The best way to do this is by using an e-commerce payment gateway service that provides secure connections between customers' credit cards or bank accounts (known as “card-not-present” transactions), so that no sensitive financial information is ever stored on your own computer system or sent over the Internet unencrypted (which could potentially expose it).
As with other service providers, it's important to choose the best payment gateway provider for your company. You'll want to evaluate your needs before choosing a provider and speak with other small business owners who have experience using different payment gateways or providers.
Evaluating your needs will help you find the payment gateway provider that can best suit your business' needs.
You should consider the following factors when choosing a payment gateway provider:
- Your business needs. What do you need from your payment gateway? How will it help grow your business, and what are the most important features for you to have in place?
- Budget. How much money can you afford to spend on this project? Do some research into what others have paid for similar services, and don't be afraid to ask for quotes from multiple companies before making a final decision.
- Support requirements/level of support needed by customers (e-commerce sites). If there are any specific support requirements or additional features that might be useful when working with certain types of clients (for example, language translation services), make sure they're included in whatever package deal is offered by potential vendors so they can best meet those needs while still maintaining an affordable price point overall.”
Some questions to ask yourself include whether you need PCI compliance certification, how many transactions you want each month and where you want to process payments from.
Before you begin looking for payment gateway providers, it's important to ask yourself some questions. The first thing you should consider is whether or not PCI compliance certification is required for your business. If so, then your options are limited as only a few providers offer this service.
Next, think about how many transactions per month and where they will originate from (eBay marketplace vs Amazon marketplace vs other channels). If most of your sales come from eBay marketplace then an all-in-one solution may be better suited than using two separate gateways because they could require two separate contracts with different service levels and pricing structures.
Once you've evaluated your needs, it's time to research some potential options.
After you've evaluated your needs, it's time to research some potential options. The best place to start is by doing a Google search for “payment gateway providers.” You should also look for third-party reviews and ask other small business owners what payment gateways they use (and why).
A good place to start is with Google search results, which may also yield some third-party reviews of companies that offer payment gateways.
A good place to start is with Google search results, which may also yield some third-party reviews of companies that offer payment gateways.
If you're looking for a new payment gateway provider and don't want to waste time searching for one, we recommend using our [Payment Gateway Service](https://www.paypal.com/us/webapps/mpp/merchant-services) page on PayPal Marketplace (formerly Bill Me Later). This will help you find trustworthy providers in your area that offer low rates, easy setup and support.
It's also helpful to speak with other small business owners who have experience using different payment gateways or providers.
It's also helpful to speak with other small business owners who have experience using different payment gateways or providers. You can ask for recommendations, referrals and advice from people in your network. They may be able to tell you which payment gateway they use and why it works well for them. They might even have tips on how they were able to get the most out of their processing fees or other features like fraud protection and merchant tools that come with each service provider's package deal.
You should evaluate your needs before researching potential providers
Before you start researching payment gateway providers, you should evaluate your needs. What are the most important factors for you to consider? How does this compare to what is important for other small businesses?
When evaluating potential providers, think about:
- The features and benefits that are most relevant to your business. For example, if you're an ecommerce website selling physical goods online through a marketplace like Amazon or eBay–and not an online store that sells its own products directly–a provider who offers fraud detection tools may not be very useful. You should also consider how easy it would be for customers who want to pay using their credit cards instead of PayPal accounts (if applicable).
- How much flexibility does this provider offer in terms of pricing plans and contract terms? Asking these questions will help narrow down which companies might be best suited for your needs!
Conclusion
We hope this guide has helped you evaluate your needs and find the best payment gateway providers for your business. If you're still unsure about which option is right for you, we encourage you to do some research on your own or speak with other small business owners who have experience using different payment gateways or providers.
