Things To Consider While Choosing A Payment Processing Platform

If you run your business online you need to think carefully about the payment processing solution which you will use to accept payments online. Very often merchants prefer to rely on some third party payment gateways rather than developing their own payment processing systems. Let’s try to point out the criteria which should be taken into account while choosing payment processing software for your business.

1. Analyze pricing models offered. Usually you will have to pay a subscription fee (the monthly fee charged for the account usage) and a per transaction fee (percentage from the processed transaction plus fixed amount). But if your processing volume is high and you have prior processing history the processing costs can be reduced, for instance, you will not have to pay a subscription fee.

2. Consider ease of integration. You need a payment processing solution which can be easily integrated into your website. In practice it means that the customers from your website will be redirected to the payment page of the payment system you are using and there he/she will enter the required information.

3. Decide whether you need a recognizable solution. Some merchants decide to use a payment processing system which their customers are familiar with. There are several reasons for that. First, customers know how to use it and they do not need any assistance. Second, customers trust this system and they are sure that their credit card information is highly protected.

4. Find out how quickly you want to receive your money. Depending on the payment processing company you are working with different time intervals are required for the money to be transferred to your account. You need to look for the solution which will provide you with the opportunity to get your money as quickly as possible.

UniPay Payment Management Platform is a great example of the payment processing software. It is flexible, scalable and robust. Are you interested in the functionality offered by this payment processing platform? Visit the website.

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Enterprise-scale, open-source, #PaymentProcessing solutions for #Merchants, #PayFacs and PSPs. For more information, visit UnitedThinkers.com

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