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How to select a secure payment gateway

When you pay at an offline store you pay via cash or a credit or debit card, there is a machine which authenticates with your bank. For Online payment, you cannot have that e-machine at your home and hence the merchant needs to subscribe to a Payment Gateway which will authenticate the card with the bank's server for its authenticity.<br>

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How to select a secure payment gateway

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  1. WELCOME TO MYPAYMENT GURU

  2. How to Select a Secure Payment Gateway? Owning an e-merchandise store or any other online retail store is not easy, and the most important task for any store owner is to get the best Payment Gateway. Selecting a secure gateway is kind of important. For that, we must first see the task of a Payment Gateway for any e-store.

  3. How to Select a Secure Payment Gateway? When you pay at an offline store you pay via cash or a credit or debit card, there is a machine which authenticates with your bank. For Online payment, you cannot have that e-machine at your home and hence the merchant needs to subscribe to a Payment Gateway which will authenticate the card with the bank's server for its authenticity.

  4. How to Select a Secure Payment Gateway? Selecting a secure payment gateway is important and it allows the merchant to check the credit card or e-account information with an SSL connection which not every website gets access to. The Gateway ensures that the payment you will be authenticating on the bank's website will reach the merchant's bank account without any problem and in the fastest way possible.

  5. What should you check while choosing Payment Gateway? The payment gateway you select must have a facility for retail, mobile and online customer sales as it will be the main business model for your online retail store. The payment gateway must support all types of environments without the need of subscribing to different gateway accounts.

  6. Let us look at what are the features which you must look into a particular Gateway providers list while you are out to choose the best one: • Real-time transaction confirmation • Virtual POS for processing card transactions • The gateway must support recurring bill facility if your website will offer membership or any other type of subscription.

  7. Let us look at what are the features which you must look into a particular Gateway providers list while you are out to choose the best one: • Multiple Integration methods for your back-end software integration for less manual work. • Both Open Source, as well as Commercial Payments, must be supported.

  8. These are some of the features which you must look after when you are going to select the best payment gateway for your website, but you must also look for these features. The above features must be at the base cost while for these features some payment gateway provider can charge some amount. The following features are usually termed as premium features and hence have a premium over the other basic value-added features:

  9. Electronic Chequeprocessing. • Fraud Protection: The website must be protected with frauds, and the payment fraud is one of the major frauds which might happen with website owners, but now there are only limited ways to actually make a fool of payment gateways. • Mobile Payment services for Paytm, UPI and other.

  10. These are the features which you must seek in the payment gateway you will select for your website. Selecting a payment gateway is the most important task and you must select the gateway with utmost precaution.

  11. Thanks for visiting MyPayment Guru

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