Questions to Ask Before Choosing a Payment Processor for Your E-Commerce

In the olden days, you could create an e-commerce website and just take whatever people wanted to pay for your products in cash. But now it’s complicated. There are a lot of payment processors out there that can help you process payments through credit cards, debit cards, PayPal accounts – even Bitcoin! It all depends on what kind of customer base you want to attract.

– Credit Cards – This is the most common option, and many credit card companies will even give you your own merchant account at a low cost. And with all of these new upstarts like Square that make it easy to accept payments on your phone or tablet, there’s never been an easier way for small businesses to get paid! But be careful: if someone uses their cards fraudulently after they’ve bought from you online, then this can result in some serious consequences including fines and fees levied by the acquirer bank as well as criminal sanctions. You’ll have to do more research into what kind of liability protections are available before deciding whether or not this is right for them.

Payment processors like Bluesnap and Stripe are also a popular option for ecommerce businesses. These services offer more features than the traditional credit card setup, like collecting customer information, sending invoices and tracking sales in real time. They’ll typically charge you somewhere between one to two percent of each transaction made through their system – which is usually less expensive than merchant accounts at five percent or more.

Payment processors also offer a wide range of fraud protection features like chargebacks and credit card security codes that can help prevent unauthorized transactions from taking place on your site. These services are well worth considering if you’re looking for some added protections for your ecommerce business.

If someone uses their cards fraudulently after they’ve bought from you online, then this can result in some serious consequences including fines and fees levied by the acquirer bank as well as criminal sanctions. You’ll have to do more research into what kind of liability protections are available before deciding whether or not this is right for them.

You should also find out where to put your credit card information on a secure page prior to making your purchase decision! And be sure that you’re checking around at different processors because there’s no one set price; it all depends on various factors like monthly volume, card types, and much more.