Complete Guide to Credit Card Processing in USA

 

Almost every online business needs to accept credit and debit cards in order to facilitate services and goods. But choosing a credit card processor can be a tough task. We have spent several hours researching and designing the best credit card processing technology that can benefit the merchants in the most versatile manner.

Credit card processing should always be on your part of the business. The payment processors offering credit card processing should come with transparent pricing and reliable customer support. It should not bond merchants with long-term contracts.

Let us know everything about credit card processing in USA

What is a Credit Card Processing?

Having the facility of accepting payments via credit cards is known as credit card processing.

Whenever the payments are done with credit cards the information is carried to processors. These processors cross-check the payment details with customer banks. If the information furnished is right and there is enough balance to make the payment the amount is debited and sent to the merchant’s account.

If the information of credit card given by the user either by swapping in POS machine or entering it manually is incorrect or there is not enough balance to make the transaction, payment is declined.

The process of getting the information to the processor and then making the amount settlement to the merchant account is termed as processing and the time taken for the entire process to complete is known as processing time. This credit card processing time is usually in seconds. The lesser time it takes, the excellent the processing service is considered.

Who needs a Credit Card Processing in USA?

As far as online merchants offering services or goods are concerned every merchant should have a credit card facility to accept payments. This can be very fruitful as major of the credit card holder prefers paying online with it.

Credit card integration is a must for getting customers from all around the world. Having a proficient processing service can bring huge profits.

Credit Card Processing in USA fees

Pricing charges for fees attached to credit card processing may differ from company to company. It has been observed that companies holding a good position in the market charge more than the newcomers.

The entire fee structure is decided by the type of business and the volume amount of monthly or annual transactions.

A small business that is capable of processing amounts less than or equal to $5000 per month is charged a flat rate for each transaction and doesn’t charge monthly or annual fees.

However, for businesses with monthly transactions above $5000 interchange charges along with monthly or annual fees are charged.

There are several other charges which merchants should know like Rolling Reserves, Merchant Discount Rates (MDR), Installation or set-up charges, Charges for Chargeback or refunds, etc.

Many of them are one-time fees that may be charged at the time of association looking into risks and services with your high-risk business.

For more information regarding fees, merchants can contact us as we provide payment services comprising the best solution to credit card processing.

How do I apply for a Credit Card Processing in USA?

Credit card processing in USA is provided by reliable payment service providers as we are. Merchants can easily approach us with their Application for payment services along with various important documents like

1. Information about your website
2. SSL certificate for your site
3. Bank details and statement of last 3 months
4. Document of Incorporation
5. Company Tax document
6. Owner personal ID, etc

Payment service providers while providing payment services to High-Risk Merchants are very careful. This is because of the more probable chances of financial loss associated with their business.

Documents along with applications should only focus on your strength to run a business. The best way to get your application prepared is to associate with us so that we can help you best prepare an application that cannot be denied by Acquirers or banks.

For further information regarding how to get payment services contact us.

The pros and cons of a Credit Card Processing in USA

Offering only credit card processing can harm your business but having credit card processing doesn’t have any cons. A slight variation can be seen with the service charges attached to good credit card processing but this will in turn give you the best returns.

We are well aware of the wide availability and acceptability of credit cards so it comes with the following benefits to merchants as well as users

1. Customers seeking online services in the USA are well aware that whether there may not be any other payment option but credit card acceptability is available with almost every merchant.
2. Payments with credit card processing are simpler and quicker.
3. Hassle-free transaction is only possible with credits cards allowing no authentication before each payment
4. Credit limit features encourage customers to invest more frequently. So supporting credit cards can bring more benefits.
5. Peoples of the USA find credit cards as an intelligent method of making payments. Refunds are easy with this service
6. Security is also the most prominent feature that ensures its frequent usage among customers.

Merchants with greater payment options are benefitted more as people not having credit cards can also pay with debit cards and APM’s.

What to consider when looking for a Credit Card Processing in USA

Getting a credit card facility integrated into a merchant’s online platform is the most important thing. But relying on a payment service provider that doesn’t offer fair pricing and equipped services can be harmful to business.

Running a High-Risk business is not an easy task. But with a dependable payment service provider, it is possible. Having the most serviceable credit card processing can help merchants not only with local sales but also with global sales.

While selecting a payment service provider there is a lot of consideration a merchant should make out to ensure the best payment services.

1. Processor should have enough market experience with High-Risk Merchants.
2. Capable to solve merchants issues quickly.
3. Offer service at cheaper prices
4. Support multiple language and multi-currency processing
5. Provide the best solution against chargebacks and frauds.
6. Offers more choices of payments in gateways
7. Provide services that are quick and easy to integrate, etc.

There are endless expectations from an ideal payment service provider. The only thing that should matter to them is your growth. An acquirer that doesn’t favor your growth and is only for money-making should be avoided.

Conclusion:

Payment services are very essential for every merchant to digitally accept payments. Having good services can make great benefits. A reliable payment service provider is a must for excellent credit card processing. It favors merchant’s growth. Due to its wide usage customers find paying with credits cards as the familiar and dependable method. Partner with us to get the best credit card processing.

Ask Me Anything: 10 Answers to Your Questions about Non-3d Payment Gateway

 The non-3D payment gateway has played a great role in the wide-scale progress of merchants. It is widely accepted as the only medium to accept payments-especially among High-Risk Merchants. This is owing to the technology that underpins the Non-3D payment gateway. With the help of some frequently asked questions let’s understand the technology and what made it so popular.

1) What is Non-3D Payment Gateway?

Unlike others, the Non-3D Payment Gateway is the most widely adopted payment solution. It is a payment technology that enables merchants to accept payments from customers for their services or goods.

When the consumer makes a payment they are the one that encloses all details of payments filled by customers in the payments page to the processors where the amount is debited and credited to the merchant account.

In simple words Non-3D Payment Gateway power the payment transfer from one customer to a particular merchant or trader.

2) Who needs Non-3D payment gateway?

Merchants who are running an online business or store require this as the facilitator to earn online. Customers as for the convenience pay online via payment gateways using credit or debit cards in order to obtain services.

This is a highly secured method of payment in which no authentication is required to make the payments to merchants.

3) How Non-3D payment gateway works?

It works the same way other payment gateway works. It skips one step of authentication which is not in the case of other payment gateways. The validation of payments from the customer’s end is not required in this technology.

Whenever the customer fills in the payment details the information is encrypted for safety and passed to processors via gateways. Here processor processes the details of the payments without asking about the validation of the payment. The process is swiftly completed without taking much time. The amount is credited to the merchant’s account and the debit receipt is generated.

This process is much faster and safer than any other method.

4) How is Non-3D payment gateway different from other payment gateway?

Payment Gateways are the swift carriers of transaction information’s whether receiving or sending both are possible with such technology.

In the Non-3D payment gateway, the details related to one’s security are already stored with the banks in the form of security questions or other means.

This is re-examined when updating or change of payment methods. For example, on changing the debit or credit cards the password is set and stored once at the time of activation.

In the Non-3D payment gateway, no OTP or password is required to make the payment. But while paying with other payment gateways OTP might be mandatory.

Similarly, it is very easy and safer to do payments with such payment gateways.

5) What is the difference between 3D payment gateway & Non-3D payment gateway?

They are pretty much similar to each other but the payment environment they offer to users is different.

In 3D Payment Gateway, every time the customer makes the payment authentication of transaction in the form of OTP, MPIN, Thumb Impression, or password is required.

In the case of failing to authenticate payment will not progress.

But this is not so in the case with the Non-3D payment gateway, whenever the payment is executed with let’s say credit cards, The payment is quickly processed as soon as the card is swapped, without asking for authentication or validation by any means.

The payments with it are hassle-free and quicker to process.

6) Does it support credit card processing?

Credit card processing is one of the most expected features of Payment Gateways. The proficiency of gateways is sometimes decided with the processing of credit cards.

This is because credit cards are the most widely used and also accepted mode of payment. Having a good processing capacity of credit cards always encourages a higher number of customers.

There are several other benefits of credit cards that make it mandatory for merchants to have excellent support for credit card processing.

7) Can High-Risk Merchants use Non-3D payment gateway?

There are various merchants like casinos, gambling, gaming, e-commerce, forex trading where there is lesser time to make payment as things change instantly so in that case offering a payment gateway with 3D technology is not a good idea because sometimes authentication can cause a delay in payments. That is why most of the high-risk merchants utilize Non-3D Payment Gateway for their service.

No matter what business merchants do they are cautious about what matters their business growth. Integrating the Non-3D Payment Gateway can enhance customer’s traffic and hence their earnings.

8) How to get Non-3D payment gateway?

Getting a Non-3D Payment Gateway is not a difficult task. Just get to the right acquirer or the payment service provider along with the application. Having good financial stability along with fewer chargebacks will get you payment services quicker.

Merchants with unstable financial stability find it difficult to get payment services as every acquirer is afraid of financial loss with your business.

Several documents will be demanded which will be verified to know your capacity of the business.

It usually takes 7-14 days time to get a Non-3D Payment Gateway if all the documents are as per the consideration of banks or acquirers.

Merchants finding it difficult to get payment services can contact us.

9) What are the benefits of using Non-3D payment gateway?

There are several benefits of using Non-3D payment gateway

1. Support High Volume payment transactions.
2. Capable of processing payments in more than 80 currencies.
3. Safety against chargebacks and frauds with PCI-DSS integration.
4. No authentication.
5. Easy and quick to process.
6. Encourages a lot of payment options.
7. Greater support for credit card processing.
8. Customers find it easy to make payments.
9. Easy to monitor and control.
10. Integration via API is simple

10) What are the things to consider before getting Non-3D payment gateway?

Non-3D Payment Gateway has got a tremendous advantage over others but in order to avail this service from the payment service provider; there are few things that merchants should keep in mind.

1. Always know everything about your service provider offering Non-3D payment gateway
2. Is it worth getting for your business, ask the payment service provider.
3. What are the operational and service charges for the Non-3D Payment Gateway?
4. Does it support all widely accepted payment methods like credit and debit cards, APM’s
5. How well does it support simultaneous processing of bulk payments?
6. How much time will it take to integrate to your website?

Conclusion:

Non-3D Payment Gateway is very important for high-risk merchants. Speedy and safe transaction without any validation is possible only with such a gateway. Businesses, where things change at every instance transactions with Non-3D Payment Gateway, can solve the purpose and assure huge benefits to merchants.

Common Misconceptions of Credit Card Processing in High-Risk Payment gateway Industry

 It is quite misleading for some people to get into the myths about Credit Card Processing. These myths create a misconception in the minds of the merchant about what to choose or not. Before moving ahead let first understand what Credit Card Processing is.

Credit Card Processing

Credit card processing allows the transaction to be accepted through credit cards. The credit card information captured by the merchant business is first transferred to the payment gateway and then to the acquiring bank which verifies whether the customer has the required payment in the account or not. If yes, then acquiring bank transfers the approval to the payment gateway which again transfers the request to credit card companies to debit the requested payment from the issuer credit card account. Thus, the entire transaction gets completed and the payment is transferred to the merchant account.

eMerchantPro is one of the renowned names when it comes to Credit Card Processing Services in USA. We are providing beneficial merchant account services irrespective of the low or high volume of the merchant so that they can process smooth and flexible transactions for their business.

Popular misconceptions of Credit Card Processing

There are various misconceptions or myths regarding credit card processing companies. Let us take a brief look at some of them.

Hard to keep the data safe

Any business that needs higher security standards needs to be PCI DSS compliant. This stands for “Payment Card Industry Data Security Standard”, PCI DSS standard says that any business that is upholding the customer’s sensitive information must comply with PCI DSS. A merchant unable to have compliance can withstand the charges and fines from the acquiring bank for non-compliance.

Expensive processing fee

Many things are running behind per transaction. Many parties are involved in making and accepting business transactions. These entities are a cardholder, Merchant, Merchant bank, payment processor, card association, Issuing Banks, Independent Sales Organization & Membership Service Providers. Hence these institutions charge for their role in the transaction process and these Charges are cumulatively known as credit card processing fees. Though few of the credit card processors are notorious and add extra cost to the bills, expecting that merchants will not think twice about it. So rather than just blindly accepting the terms from the credit card processing company, get in contact with the professional to ensure that they are charging authenticate charges. eMerchantPro has more transparent processing fee structure as compared to any other merchant account service provider.

Credit and Debit Card Fees Are Similar

Most of the payment processing companies charge more for the credit card fee as compared to the debit card. The charges may depend on various factors and risk is one of the factors. It is just that the processing payment for the debit card is low while it is high in case of credit card processing.

Payment Gateways hold onto the Clients Money

Most people have this misunderstanding that the money from the client holds on with the payment gateway. However, this is not true at all. The payment gateways have their role, it collects the payment information and stores it securely and then pass it on to the acquiring bank.

The acquiring bank in its turn passes the encrypted information to the issuing bank for authorization and approval. Once the request is approved then the request is traced back to the customer. The customer gets approval from the merchant for having a successful transaction. This is the simple process that goes through the payment gateway.

Payment Gateways provide Banking Solution

This is among the many misconceptions about the payment gateway. Though the bank has its role in processing the payment. While the processor is just the interface between the merchant and the bank. And in many cases, the payment gateway has its place under the acquiring bank and does its work accordingly.

Payment Gateways Take No Responsibilities for Customers’ and Merchant’s Private Data

Gateways do have a major role in protecting the sensitive information of the customer. They aim to protect the merchant from fraud activities or any other data prevention leaks. It is also responsible for the security standards of the merchants.

Lower processing rates are better

As far as lower pricing rates are concerned, don’t fall into the trap with the lower rate service provider. Lower rates should not be your determining factor at all since you may get bad customer services, longer waiting time for the funds processing. The other most important factor is that different companies offer different rates. Some provide the services at a flat rate irrespective of the transactions however others provide the services at discounted rates. Try to get into the entire picture before you settle on certain rates.

It’s impossible to switch providers due to the contract

It is also a myth that most people have about online payments. If the merchant gets into the contract with one of the service providers they may not switch in between. However, the merchant can switch to other gateway services. It may be possible on certain terms and conditions that some payment gateway wants to negotiate with each other to provide the merchant with the flexibility to switch to other gateway services. It may also be possible that other payment gateway providers may want to buy out your gateway’s merchants by providing lower rates, So Be Aware!!

All service providers are crooks

Merchant account service providers may try to take benefits from all the businesses. But certainly, not all the payment gateway service providers are crooks. Most of them are very professional and you can look up to them at the sites such as Business Bureau and Merchant Maverick to ensure that it is safe to collaborate with them.

Local Banks with good rates are better

It may happen that your local bank is providing you a low rate. But it is usually good to look for the best rates that you can get. If you are getting the best rate from your local bank then you must go for it.

The bigger the brand better the services

Not every bigger company will provide you the best rates. It may also be possible that smaller firms may provide you with the best offers. Reach out to the ones that consider you as a customer not another number in their list.

Credit cards are cost-prohibitive

If you do the analysis then you will get to know that it is necessarily not true. Including the credit card option in your business will enhance your business.

Credit cards are not harmful for the financial health

This is a worldwide fact that the global payment method of payment cards and especially credit cards are always upon a certain risk on the behalf of your consumer or the cardholder due to this particular misconception merchants usually tends to take credit card processing as damaging to their own business but this is false. Since all the factors of risk such as this can usually be handled by your payment service provider keeping you and your business out of reach.

Banks are the only service provider

Most banks provide payment gateway services for you but there are also payment gateway service providers who can provide you with the payment solution. It is up to you where you can get the best offer. Don’t hesitate to go for the private ones if they are providing you the best processor that suits your business requirements. Also, you can get more flexibility with the private institution as compared to the banks or financial institutions.

Payment Gateways and Banking Methods are similar

Banks are responsible for processing online transactions particularly for e-commerce sites, while the role of payment gateway is different from that of the bank. The payment gateway serves as the mediator while the bank is in charge of handling the payment.

Every business requires a payment method for accepting payments from customers. This includes small businesses, retailers, or any online business. Don’t get into these myths that stop you from taking your business to exponential heights. Although, we have seen all are not misconceptions and some are facts. Payment Gateways are complicated machines integrated solutions that manage the financial transactions and perform other important financial tasks. Hence you need to pick your option well before choosing the right payment solution for your business. Get along with expert advice for feasible processor services. eMerchantPro is providing the one-stop solution for the merchant who is dealing in High-risk businesses by providing them with the High-Risk Payment Gateway in the USA for allowing them to accept credit card payments.

Mark your international presence with online tobacco Merchant Account

 

Introduction

The United States is the world’s fourth-largest producer of tobacco harvesting more than 533 million pounds of tobacco per year. In 2019, manufacturers sold around 126 million pounds of smokeless tobacco to wholesalers and retailers in the United States.

These numbers are sufficient to demonstrate the scope of the tobacco market in the United States. In order to garner benefits from tobacco business merchants should have Online Tobacco Merchant Account in order to process payments.

The tobacco industry has a lot of potentials. It’s one of the hottest industries right now, and merchants are reaping the rewards. Not only will partnering with the appropriate payment provider increase sales, but it will also protect you from chargebacks and online fraud.

What’s good with Online Tobacco Merchant Account?

Merchants that couldn’t sell their products directly turned to the internet to run and expand their businesses. As a result, they were able to expand their search for things that could be offered online. Selling Tobacco online is a fantastic idea. Merchants are making millions of dollars over such opportunities.

Due to serious health concerns around the world, tobacco sales are prohibited in some areas, but there are no such restrictions over the internet. As a result, the demand for such products has grown drastically. Online sale has seen tremendous growth over last decade. Merchant’s business has flourished greatly as far as risk is associated with the business.

Online Tobacco Merchant Account facilitates such businesses to accept payments for their sales. It approves the customer’s payments and helps in settling them into the merchant’s account.

Selling Tobacco worldwide is only possible with the merchant account. It knows no boundaries. Volume processing of payments in variables currencies is one of its prime features.

It has got all features that a merchant requires to trade all over the globe.

Why is it considered as High-Risk Merchant Account?

There are two major reasons for considering it as High-Risk by Acquirers.

1. Strict Laws associated with the selling of Tobacco
2. Chargebacks and frauds with online business

Laws may vary for every country but more or less they are strict about selling tobacco. Any change in rules can lead to instant shut down of business leading to huge financial loss. Similarly, Merchants having online stores face a lot of chargebacks and online frauds. People may find smarter ways to get refunds for services even after availing of the benefits. This can damage the seller’s business.

However, they may consider the application of merchants that have an exemplary credit history.

How to get Instant Approval for an Online Tobacco Merchant Account?

Having the right payment service provider for any online payment service is essential. They not only facilitate merchants with easy approval of merchant account but also provide payment gateways with the finest credit card processing.

Approval will require documents like

1. Business Formation Document
2. Tax ID
3. Business office documents
4. Owners personal ID with photo
5. Bank Details
6. Bank Statement for 3-6 months
7. Chargeback and refunds information, etc

These are some of the documents that are required in order to get approval for the new merchant account. Acquirers may hesitate in case of merchants having a low credit history or financial stability. Huge chargebacks and refunds indicate your way of business thus this should be low in case of faster approval.

Get your application right by justifying all reasons for you to have a merchant account will help you get easy and faster approval.

Benefits of Credit card processing

A good Credit card processing service can be a key player in your growth. Credit cards are the only payment methods that are universally accepted worldwide by customers as well as merchants.

The credit card has got several unique features

1. Widely Accepted: This feature has got great benefits. Having a credit card will encourage transactions from customers even where no other means of payment are unavailable.
2. Credit line Feature: Credit line means balance limit that can be paid later within a certain time limit. This permits customers to use credit cards in case having no money in their account. Customers can shop hassle-free without worrying about their balance.
3. Safer and quicker to pay: Merchants offering goods or services usually have credit card processing support so that they can accept payments from major of the customers willing to pay them. This is because it is not only safer but also quicker to pay with credit cards. Offering a Non-3D payment gateway with no authentication can change user experience over payments.

Wide acceptance promotes wider use. Integrating the payment gateway with credit card processing will service encouraging customers to pay with their credit cards and hence increased payments will directly benefit merchants.

A merchant should always associate with such a payment service provider that offers the best credit card processing. This will encourage more customers to pay via credit cards.

How can we help you get Payment Services?

Getting an online tobacco merchant account isn’t easy. There are severe restrictions against the selling of smokeless tobacco or loose-leaf tobacco. As a result, acquirers are wary of merchant applications. However, associating with us will never let you down.

When it comes to Merchant Account Approval, we are a well-known name in the industry. Merchants who contact us will not have to wait as long for approval and a payment gateway.

All you need is the right information on how to be accepted quickly. Documentation along with any assurer like us who can assure them of your business is mandatory for Online Tobacco Merchant Account.

Many Vendors may claim Instant Approval but as already said there is no such thing as getting a Merchant Account for business. It requires time for Banks to authenticate the documents. However, if the documents are well organized and presented as per their requirement this process can be easier.

Our experts will help in getting your documents in the right order as well as writing a cover page that highlights your company’s strengths, experience, and potential for growth.

We not only advantage merchants with the approval but also endow them with payment gateways that can serve your business in a much greater way.

Conclusion:

Online Tobacco Merchant account is specialized for accepting global payments for tobacco sales. Faster approval is only possible with authentic payment service providers. Their guidance can let you know the right acquirer that can easily process your request without any thorough considerations. Apply now to partner with us for the fastest approval of an Online Tobacco Merchant Account.

Top 10 High-Risk Payment Gateways for High-Risk Merchant

Today’s businesses are growing at a faster speed than ever. The merchant’s getting the grip of the market firmly since they know the key ingredients for evolving their business that is in-depth research the market as well as the need of the audience. No business can flourish successfully if they are lacking with an understanding of the market and its audience. Once you know the market and your audience you can proactively work to cater to the need of both. The cutting-edge technology has been successful in bringing the businesses at the front end by simply providing the best analytical tools to segregate your customer and on the other end best payment collection technologies that are compatible with the customer’s resources for making online payments. 

 

Payment Gateways working as a catalyst for enhanced business revenues and sales since they have allowed the marketers to get on a platform that can allow them to connect globally with the customers. Though, with the evolution of the technology, the payment gateways have also evolved now they are advanced, integrated, and capable resources that are managing the different aspects of the business transactions from optimization of revenue to fraud protection, risk management to API’s enabled services, multiple processing for a higher level of authorization and various other aspects. All these attributes can be owned by the merchant by integrating the payment gateway services into the business application. 

1.     High-risk businesses such as casino merchants, CBD Oil merchants, Adult Entertainment industry, Tech support industry, Travel agencies, etc. have difficulties in obtaining the merchant account facility for their merchandise who may have potential losses because of the risk involved with these.

2.     Banks classifies these merchants as the high risk based on the nature of the business they are having. Hence, they may or may not provide the merchant account facility to merchants. Merchants can get rid of this situation by working with some service providers who are delicately providing the high-risk merchant accounts to high-risk merchants. Get the best suitable payment option for your business according to the need of your business. 

 

Here are some of the best high-risk payment gateway service providers who are helping the merchants in having different payment options for their business so that they can start accepting online payments through their business. Here is the list of the top 10 payment gateway providers providing the best payment services to a different range of merchants.

  

eMerchantPro

eMerchantPro is among one of the top best merchant account service providers who is involved in providing High-Risk Merchant Account services . They have some of the major bank association networks that help them to better optimize the payment processing options listed on the merchant’s website to work seamlessly.

emerchantPro is providing digital payment solutions with cutting edge-technology tools integrated with the payment gateway framework such as fraud detection, risk mitigation, different payment method, API integration, multiple currencies, and various other payment solutions that are required to enhance the overall performance of the business transactions. It has an association with some of the major brands such as JCB, Rupay, Maestro, UnionPay, etc. They associate with the merchants irrespective of their high or low business size to provide them with the best payment transaction solution that works best for them.  

 

Pros	Cons
Chargeback Management
Multiple Currency
Data Security
International Merchant
Approval Rating 98%

 

PayPal: 

PayPal is one of the recognized brands for providing the high-risk payment gateway for business needs. They are allowing customers to make payments for more than 200+ markets. The payment gateway service providers are also known for accepting payments in more than 100 currencies. Moreover, making payments through PayPal has not remained a difficult task.

Consumers can make recursive payments without entering the credit card detail every time they want to make a payment with PayPal. They associate the unified dashboard where you can monitor the streamlined operation activities and overall analytics of your business payments.

 

Pros	Cons
Support 100+ currencies	The charges per transactions are high
Top-notch security features	Redirection to PayPal for payment completion
Offer 24/7 customer support in 17 languages

 

Stripe: 

Making online payments has been one of the priorities for Stripe merchants. And they have been successful in providing online payments from an e-commerce business to subscription-based marketers, to platforms and marketplaces they have been offering a stack of solutions for all your payment needs across channels. Merchants have the facility to better optimize their revenues based on intelligent machine learning and data from millions of businesses they can easily protect from frauds and enhance authorization on each payment from the customers.

The easy Invoicing feature will allow you to send invoices in minutes. Just integrate the stripe payment gateways you can easily start accepting recurring payments via credit or debit card, bank- transfers, and various other payment methods instantly.   

 

 

Pros	Cons
Accepts & Processes 135+ Currencies	Dispute Management Timelines are usually long
24/7 customer support	No phone support available
Fund Withdrawals in Minutes

 

Checkout: 

Check out what the Checkout platform is offering with the payment options. They have been providing the advanced fraud protection mechanism for getting protected payments, a better integration facility, an international marketplace for the connection you to the global market, a wide range of payment methods that covers your business needs. Apart from that, you get an optimized dashboard where you can manage the reports of your business activities, and Data analysis for providing a detailed understanding of the payment transaction your business is going through. 

 

Pros	Cons
No initial setup or account maintenance fees	Not a good fit for small businesses.
Highly Customizable solutions
Integrated with over 120 shopping carts

 

 

2Checkout: 

 If you wish to process high volume transaction you can easily get in touch with 2checkout.com. They extensively provide you with the best support with multiple payment processors that will allow your transactions to pass through the highest possible payment authorization, even for cross-border transactions.

The merchant will get the coverage in 200+ countries and territories, over 45+ payment methods, more than 100+ dealing currencies, and 24*7 Shopper’s support for order and payments. They are equipped with tools, capabilities, automation, integrations, and services to make global payments seamless and enhancing the customer experience with the latest and advanced technological features. The merchant will also get the benefits of higher conversion and increased authentication rates. 

 

Pros	Cons
multiple payment methods	Slow support and quality of customer service
More than 87 currencies	2checkout charges 3.5% and 25p per transaction
Integrated with over 120 shopping carts

Firstdatacom:- 

Firstdata.com is providing the gateway services to merchants for enhancing global reachability, securing the merchant payment transactions, improving customer relationships, expanding merchant business. They have been outstanding in understanding the business needs and come up with the solution that is helpful for the financial institutions, technology partners and independent sales and organizations.

We have been dealing with a range of businesses from e-commerce to subscription-based merchants, online marketers, individual sales and expanding our reach to millions of other lows, high and medium volume companies, organizations, and individuals for providing them with efficient payment solutions.

 

Pros	Cons
Better integration with commercial websites	Slow support and quality of customer service
Onsite Payments
Facilitates the approval of credit/debit card payments

 

Authorize.net:-

 Authorize.net is providing a one-stop solution for the merchants who want to enable payment at retail locations, process payment manually or on the website, or through a mobile app. They cater to a wide range of requirements that involves a retailer or merchant looking for online payment solutions from their smartphone or tablet. They will help turn your smartphone become the point of sale terminal for the business. Apart from that merchants who are looking for e-check payment solutions can easily be benefited by getting in contact with the authorize.net team for availing the services from them.

 

Pros	Cons
Extremely secure	User interface is not good and intuitive
Processes transactions very quickly	Can have low pricing for small businesses
No boundation on size of transactions

AsiaPay: 

AsiaPay is a qualitative digital payment solution provider that strives hard to provide advanced, integrated, and cost-effective payment processing solutions to financial institutions and e-business around the world. They are hugely known for their multiple payment options and partners. You will easily get a world-class shopping experience with some of the major credit card partners such as JCB, Union Pay, Maestro, American Express, Rupay, etc.

They are dealing in providing multiple net banking or payment methods to allow customers to make payments directly through their bank accounts. They are also including payment flexibility for the customers so that they can buy now and pay later in installments. They are enriched with multiple e-commerce platforms, shopping cart plug-ins, fraud detection, and mitigation management tools, and various other services.

 

Pros	Cons
Multiple Payment Partners	Too expensive
E-commerce platform plug-ins	Needs to have Better UI and Design
Anti-Fraud

 

PayU:

 The best digital payment solution provider with all payment options has provided support to a wide range of clientele with the best success rates. They provide custom checkout experience for merchants, flexible 24*7 customer support, No document required to start integrating with PayU. These are some of the delightful cups and cakes that you can enjoy while taking services from the PayU service providers.

You will get the flexibility of integrating the payment gateway with any of the platforms such as mobile app or website etc. They are serving the requirement of different businesses such as Freelancers, startups, Enterprises, Omni-channel businesses, etc. 

 

 

Pros	Cons
Multi-currency	Late Payment Settlements
Alternative payments
Recurring payment

 

CCAvenue: 

CCAvenue is one of the commercial service providers who are authorized as the master merchant by the financial institutions to provide payment solutions to sub-merchants so that they can start accepting payments from the customers.

CCAvenue is one of the e-business solution providers that is helping the merchant website to transmit transaction data through credit cards, online banking, and other payment methods. They have their range of services categorized according to the evolving needs of the customer such as Invoice payments, B2Biz payments, subscription, storefront, CCAvenue phone pay, CCavenue finance, etc.   

 

Pros	Cons
Invoice Payments	No phone support available
Multiple Currency Processing
Responsive Checkout Page

 

We have been through with some of the best payment gateway service providers. Now we also know the Pros and cons of each and every payment gateway provider listed here. It is always recommended to take in-depth knowledge of the subject before making a decision hence consider consulting a merchant account service provider before choosing the best payment gateway services for your business.