5 Things to Look for in a Payment Gateway

With an increasing demand for online shopping, every business wants to invest in e-commerce store. And for e-commerce store, it is mandatory to have payment gateway. The problems arise when we have to choose the best payment gateway. With the market flooding with payment gateways, it is important for any business to consider the following points before choosing one.

1. Encryption Standards 

A financial ecosystem demands a safe and secure environment. So, our first priority while choosing a payment gateway is to look at its encryption standards. As the merchant will be dealing with the customers’ sensitive bank details, we have to ensure that there’s no breach otherwise it will affect the company’s reputation at large. There are many companies which have incorporated good encryption methods in their payment gateways and one such example is atom tech . It has incorporated PCI DSS 3.2 (Payment Card Industry Data Security Standard) which facilitates safe and secure banking.

2. Costs and fees

Cost and fees become an important factor to consider while choosing a payment gateway. It is important to understand that some payment gateways have zero set-up costs while many others have minimal set-up costs. We have to compare both the prices and its features before selecting one.

3. Compatibility

Some payment gateways are easier to integrate while many others require much of our effort. And with the world moving fast, every business is in a hurry to speed up with the world. So, a payment gateway which is easily integrated is always preferred to boost the business. atom tech offers a simple integration kit along with proper documentation which helps the business to  integrate payment gateway easily. atom’s easy Integration makes way for hassle free payments enabling clients to accept money in minutes with success rates that are best in the industry.

4. Invoicing capabilities

Invoice feature helps its merchants to receive payments by raising secure & instant invoice on the platform. It allows merchants to create bulk invoices which helps them to manage their transactions. For multiple customers, atom’s Paynetz provides the merchant an option where he can upload an excel file to generate multiple invoices.

5. Fraud detection and other security features

Some payment gateways like atomtech specialize in fraud detection. They’ll help you proactively identify suspicious activity before it gets any further in the payment process. If you plan on handling large volumes, this is especially important for you.

There’s no payment gateway which you can call as perfect. Every payment gateway will have its pros and cons. So, you have to compare and decide what’s best for your business.