Choosing the right payment processing company is a crucial decision for any online business. With so many options available, it can be overwhelming to decide which provider to go with. In this article, we will explore the key factors you should consider when selecting a payment processing company for your online business
Fees and Rates
One of the most important factors to consider when selecting a payment processing company is the fees and rates they charge. Some providers charge a flat rate per transaction, while others charge a percentage of the transaction amount. You should also look out for additional fees, such as setup fees or monthly fees.
Exactly.com offers a transparent pricing model with no hidden fees, making it easy to calculate costs and budget for your business. Stripe.com also offers a simple pricing structure, with no setup or monthly fees and competitive transaction rates.
Security
Security is another critical factor to consider when choosing a payment processing company. You want to ensure that your customers’ payment information is secure and protected from fraud.
Exactly.com uses advanced fraud detection and encryption technology to keep transactions secure. Stripe.com is also known for its strong security measures, including two-factor authentication and PCI compliance.
Payment Options
It’s important to consider the payment options offered by a payment processing company. Do they support a range of payment methods, such as credit cards, debit cards, and alternative payment methods?
Integrations
When choosing a payment processing company, it’s crucial to ensure that it integrates with your existing business systems and platforms. Look for providers that offer seamless integrations with popular e-commerce platforms like Shopify and WooCommerce.
Exactly.com offers easy integration with a range of popular e-commerce platforms, as well as custom integration options. Stripe.com also offers integrations with popular e-commerce platforms, as well as a robust API for custom integrations.
By considering these key factors and researching reputable payment processing options, you can make an informed decision that will help your business thrive.
