GBO’s provides international online payment gateway solutions for everything from low to high risk, ecommerce, forex, travel, gaming, and more.
Online payment gateway comparison
The 4 Major Factors for Comparing Online Gateways
The 4 major factors when choosing a payment gateway are: on-form payments, transaction costs, card types and recurring billing. Because these elements can differ between processors, you will need to be mindful of your needs and budget when selecting a processor.
TRANSACTION FEES – This is the fee levied by the payment processor for each transaction. The fee structure can be either a flat fee for each transaction, a percentage of the purchase price or a combination of both.
CARD TYPES – Ensuring that the credit or debit cards accepted match your customer’s needs is essential. Optionally, the ability to link payment directly to a bank account may be available.
ON-FORM PAYMENTS – This is a prefabricated form integrated within the payment gateway. Often processors will collect payment within the form, however this is not always the case.
RECURRING BILLING – As the name suggests, this is a method of billing which can be set to recur periodically. This is particularly advantageous for those businesses which need to bill customers on a periodic basis (like subscription based businesses) who do not wish to perform this task manually.
Payment gateway fees comparison
Understanding the fees – Know Your Fees
Because there are many costs structures amongst the different online payment gateways for ecommerce, for example, it is necessary to get an understanding of the options that are out there. The slides below will provide information about the different charges, offering insight into the types of fees you will see for online payment gateways. This information is the critical first step to making a proper cost comparison and ultimately, choosing the right gateway solution for you.
Some payment gateways will charge a regular monthly subscription fee for their processing service. These charges may vary depending on the number of accounts processed or payment volumes.
This is a once-off fee for any setup related costs for your payment gateway account.
GBO’s professional service team will provide you with high quality assistance in your search for the best online payment gateway providers.
Below are a selection of the best online gateway payment companies
Researching the many online payment gateway providers to find the right one can be a time consuming and stressful experience. However, it is essential to do this research to compare those offerings which accommodate your B2B transaction needs. Although it is tempting to select the first option that you find, ultimately, finding the right one will provide you with the best and most cost effective solution.
Now that you have found an online payment gateway provider that meets your processing needs, shop around to get the best deal possible. Even if you are already using a processing solution, this method will give you the chance to leverage your current service for something that may be better or cheaper.
It is a good idea to keep detailed records of your client’s transactions. Your transaction history represents your potential revenue for a prospective gateway provider, allowing you to shop around for the best rates or available to leverage for better conditions with your current gateway provider.
It is abundantly clear that a serious, detailed online payment gateway comparison will provide you with many ways to receive the best service at the best price. Whilst research may not be everyone’s idea of a good time, ultimately your business and pocketbook will show the rewards of your labour. It’s time to start comparing!