The payment gateway is vitally important for online payments. Each merchant, who wants to increase profit via online payments, uses the gateway services. According to Kenneth Research, the online payment gateway market is anticipated to generate USD 89.5 billion in revenue by the end of 2027. It proves that a reliable processing partner is vital to effectively accept payments. But how to choose the best one for your business needs? Today, we will provide some tips to help businesses pick the right one.
It is the first thing, that shows the system’s reliability. When a payment gateway goes down, the ability of merchants to conduct transactions goes down with it. That is why, the longer the payment gateway is available and working without crashing, the better profit you will receive.
Capacity to accept payments
Each business expects its growth, resulting in an increase in customer orders. To ensure that each customer can purchase your good, your payment gateway should be able to scale along effortlessly. It means, that the high load on the payment system should not affect its work efficiency. The reliable payment gateway should automatically identify the best acquirer for transactions to ensure success.
Payment data is vital for successful operations. The payment gateway has to handle the entire backup strategy, including backup solutions and tools, as well as fast recovery instruments. The other vital thing is the distribution of the system among two or more data centres to ensure the continuity of your operations.
Currently, about 50% of payment solutions do not work well for the user, both from the laptop and any other device. That is why, to be more competitive, you should choose the payment gateway, which allows accepting payments from different devices. It is also important to ensure the availability of the payment page from different geographical locations to guarantee bigger customer coverage.
Transferty is a single technical solution for the business, which allows it to easily process online payments globally. We accompany each of our clients throughout the life cycle. There is no need for the merchant to integrate any other products or provide any additional actions. Transferty payment gateway will do everything to ensure an effective payment flow to increase your revenue and boost your growth.