The best payment gateway means comparing many payment gateways' features, their services and choosing on e from them for your business. Then what factors should be considered to compare them. These factors ensure the position of your business in handling the activities that surrounds online transactions, credit card payments, and mobile payments, net banking payments.

The e-commerce website or business sends online transaction task from shopping cart to payment gateway that authorizes or enables secure online transactions.

So while selecting Best payment gateway you should take into consideration many factors of all payment gateways and then selecting the one i.e. review and evaluate all payment gateways, then shortlist any one among them that is best suited to you.

The most necessary factors that should be considered are:

• Security

The first and must factor of consideration is security. The issues related to security compliance like security compliance tools, Entrust, PCI-DSS are noted down during security check. Check if they provide 3-D security, coding based payment supporting or any other type of security.

 

• Cost

Every payment gateway have different schedule for costing. Some take initial setup cost and then charge a percentage amount of transaction while some make setup free and then take some maintenance cost monthly or annually and some take fixed cost for specific periods of time. Some take TDR transaction that changes with every transaction that is mostly in between 4-7% of the transaction amount. As higher the business lowers the cost of payment gateway. So, select the best suited according to your requirements.

• Integration with websites

Does the service provider provide the easy way to integrate the payment gateway into your website? Do they provide alternative means of integration if you are changing g the architecture of your website due to any reason?

• Payment options

Check what debit credit cards, banks; currencies are supported by payment gateway. Do they provide online net banking and mobile banking option?

• Support of customers

Know out how much helpful they are when you are captured into some problem. Do they provide off hours support?

• Refundable/Return of money

In how much time they refund the money if some problem occurs during processing of online transaction?

• Payout time

Check how much the rate of a successful transaction? Means check how much time it will take to complete a transaction?

 In short compare the costs and services of all payment gateways and select the best that suits your business.