Online shopping has taken the world by storm. After all, online shopping is way more convenient compared to the traditional way of shopping. This is the reason why a lot of business-minded people have ventured into the world of e-commerce. If you’re also planning to enter the world of e-commerce, then you’re on the right track because the e-commerce industry is one of the most lucrative industries nowadays.

However, setting up an e-commerce business is not a walk in the park. On the contrary, tons of things must be done before you can even start your online shop. One of the most important steps when setting up an online shop is finding a payment gateway provider. Remember, it will not make sense to set up an online shop if you cannot accept online payments. Let us look at the top factors to consider when choosing a payment gateway.

User-Friendliness

For starters, you would want to choose a payment gateway that is hassle-free to use. Of course, you do not want the transactions to get delayed. Therefore, choose a payment gateway that is easy to use.

Moreover, the payment gateway should be compatible with the platform that your website is on. For instance, if you’re website was built using WordPress, then the payment gateway should be able to integrate with WordPress websites. Otherwise, you’ll be wasting your money on a payment gateway that you could never use unless you build a new website.

Security

Next, you need to consider the security features available on the payment gateway. Of course, you do not want to be dealing with problems concerning data breaches as well as credit card frauds. Therefore, choose a payment gateway that has bank-grade level security. Make sure that the payment gateway provider is on top of the highest security standards in your county. Remember, if the information of your customers gets compromised, not only that they will never do business with you again, but they will also let the world know about the security lapses of your website.

Reliable

One more important factor to consider is the reliability of the payment gateway. Do not choose a payment gateway that would give you downtimes, especially during high seasons, because it could not keep up with traffic. Besides the system itself, the gateway payment provider should also offer assistance. As much as possible, their line of communication should be open 24/7 so that you can seek help in the event that you encounter problems that you could not solve on your own.

Fees

Lastly, consider the fees associated with using the payment gateway. After all, your main goal as an entrepreneur is to maximize your profit. Therefore, choose the best value for money payment gateway.