Accept All Major Credit Cards and Electronic Checks for your Online Business, Retail Store and Mobile Sales Force using a Single Payment Gateway Service
A real-time payment gateway service provides merchants with a secure method for accepting credit card and electronic check payments˳ A secure online point-of-sale service allows the merchant to capture customer credit card or checking account information then transmits that information over an encrypted SSL connection˳ Successful transactions will move the customer payment from the customer’s credit card or checking account to the merchant’s business bank account˳
The top rated real-time payment gateway services can be used to process retail, mobile and online customer sales˳ As a merchant you want to select a virtual point-of-sale service that can support your business as it grows˳ Therefore, you want to select a payment gateway service that can support multiple sales environments (e˳g˳ retail, online and mobile) without requiring you to open multiple gateway accounts˳
Since there are a multitude of real-time payment gateways to choose from I have provided a checklist to help you select the right service for your business˳ Ultimately, you must select a service that meets the unique requirements of your specific business˳
Merchant checklist for choosing a payment service (e˳g˳ features must be included at no additional cost):
o Real-time sales reporting
o Virtual Terminal/Batch Uploads for processing manual transactions
o Virtual POS for processing card present transactions
o Recurring Billing capabilities for processing membership and subscription services
o Integration Method for integrating payment processing into your back office software
o Online knowledgebase
o Online Help Desk
o “Live” Technical Support
o Load-balancing for processing multiple merchant accounts using a single payment gateway account˳ This will become an important feature as your business grows˳
o Commercial and Open Source Shopping Cart Payment Modules
o Secure Online Merchant Interface
o Address Verification (AVS)
o Retail POS software support
o CRM Payment Modules (open source and commercial software support)
o PCI Compliant service
Optionally, you should be able to select the following add-on services:
o Electronic Checks processing
o Advanced Fraud Protection Tools
o PCI Compliant Data Storage and Retention for storing customer payment data
o Mobile Payment Software (e˳g˳ iPhone)
Always keep in mind, when you choose a payment service you are selecting a service to process your customer payments which is the lifeline of your business˳
Source by https://ezinearticles˳com/?How-to-Select-a-Secure-Payment-Gateway&id=2357396