Online Payment Credit Card Option for Ecommerce Businesses

Most online stores or ecommerce businesses accept credit card payment from customers. It is one of the most common modes of electronic payment accepted by e-commerce businesses. They use the real time online credit card processing method within which customers submit payment information and it gets processed quickly. Even though the costs are high, the set-up is easy and transactions are completed without delays.

In case of online payment credit card, businesses need to pay a small fee and a percentage of each transaction the customers make. In some cases, an initial setup fee is also required. Once the transaction is done, the customer and the business owner are notified about it through email or message.

Customers are provided a secure interface for entering their personal data when making a purchase. Business owners can also view the record of all transactions on their account with ease. Proceeds of the transactions made through the website can be deposited into a bank account of their choice.

If business owners opt for a third party payment processor, there are no monthly charges or application fee involved. Third party providers charge only a per transaction fee.  For e-commerce business, choice of payment gateway is also important.

In order to accept credit card payment gateway, business owners need to find a reliable and secure gateway provider. It can be a daunting task to find the right payment gateway for your online business. Therefore, make sure you invest some time in doing research and finding a good option.

 There are various factors to be considered such as currency support, fees and recurring billing when choosing a service provider. Recurring billing provides the business owners the ability to set up payment that re-occurs within a set period of time.

Tips to Select the Best Payment Gateway in India

There are several payment gateway service providers in the market, so make sure you choose one that is reliable and secure. Here are few tips that you can consider when choosing a gateway:

Select between transaction charges or setup fee

Startup businesses don’t prefer to pay an initial setup fee as it takes time to build up the business. They prefer a payment gateway in which there is no setup fee involved. They can also choose a gateway that charges low transaction fee as low as 1-2%

Reputation

Reputation of the gateway provider should also be considered when choosing one of the best payment gateways in India. You can rely on the company that has been into business for several years.

Multiple payment gateway options

For new businesses, it makes sense to have multiple payment options as it will help you enhance customer satisfaction levels. You also need to decide if you need automatic billing support.

Customer support

Choose a gateway service provider that offers 24/7 customer support. If the company offers support over holidays, there is nothing like it. If you are finding it difficult to reach out to a company, probably it is not the right choice for your business.

Serving overseas customers

If you wish to tap international customers, choose a gateway that also supports payment through foreign credit cards.

You also need to consider paymentgateway integration and ensure that your CMS supports the gateway you have chosen. It is easy to move from one service provider to another if the gateway isn’t according to your choice. However, be prepared to pay a hefty set up fee. If you wish to avoid the hassles and continue accepting payment from customers, don’t forget to do some research in finding the right option.