If you are planning to set up an online store, you need to choose the best payment gateway in India to accept payments from customers in a safe and easy manner. It can be challenging task to choose the right gateway so, here are top three tips that can help you make the right decision:
1. It is important to choose a gateway that accepts all payment types because if your gateway doesn’t accept credit card payment from all major companies such as VISA or MasterCard, your customers might opt for a competitor website. It is necessary to have a gateway that makes the payment procedure easy so, make sure it accepts as many forms of payment as possible
2. The second most important tip for finding the right payment gateway is to compare the providers on the basis of their fee structure. Each gateway has its own fee structure so, ask the provider how often you will be charged and ensure that there isn’t any hidden fee
3. Third tip is to ask the providers about the security system they have in place. It should be up-to date with industry regulations and standards because it will be storing important data of your customers. Since your customers will be providing their address, credit card number and even phone number when purchasing products, the payment gateway should be good enough to maintain confidentiality of all information.
Besides these factors, it is also necessary to look for some additional services being offered by the payment gateway providers. For instance, customer care service should be exceptionally good so that the complaints or queries made by your clients are solved quickly. Also, look for the reputation of the company and for how long it has been in the payment business.
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