Table of Contents
I. How can a payment gateway affect your business
- The best payment gateway that you choose can improve the checkout process. For example, we can reduce some steps, speed up the process, deter payment risks and fees for your customers. People tend to prefer a one – click checkout.
- It is possible for developers to integrate any payment gateway with a store’s administration system. However, you will have to laboriously make customization to make it work, and clearly the opportunity cost of this action is not cheap. Also, when we customize extensively anything in our checkout, it will become difficult for to perform seamlessly across all channels. This is similar to requiring much more developer work and resources versus an already-built solution which is tested.
- There is a new trend in payment gateways: people are keen on shopping simultaneously as they are browse social media. Therefore, would it be perfect if the clients could shop your products without ever leaving Facebook?
II. Stripe – The best payment gateway for small business
Again, why should we choose Stripe? Here are the things that Stripe does to convince us:
- Takes the responsibility of security when the payment information is entered directly into Stripe’s secure server and never touches your store’s data.
- Accepts over 100 currencies, support Apple Pay, Android Pay, and even Bitcoin
- Has the simplest pricing structure of our three picks. No monthly fees, no add-ons for recurring payments or declined charges. The only other fee you might encounter is their $15 charge back fee.
- Stripe’s secure API lets it connect to virtually any cart, and even be fully customized by a programmer.
- Stripe values data portability. If you decide to leave Stripe, you can migrate your credit and debit data in a secure and PCI-compliant way – something PayPal never gives customers.
- Customer Service has open channels for email support and IRC channel.