How to Choose a Payment Gateway for an Online Store

03 / 03 / 2023

Starting an online store is exciting! But choosing the right payment gateway might get overwhelming. The right payment gateway will keep your business running smoothly and the customers happy.


Starting an online store is exciting! However, choosing the right payment gateway might get overwhelming. The right payment gateway will keep your business running smoothly and the customers happy.

Here are the key factors to consider for a seamless and secure payment experience on your online store:

6 Factors to Help Unlock the Potential Of Online Payment Processing


Total cost

The cost is king when choosing a payment gateway for your online store. But don't just focus on the upfront costs; look at the bigger picture. Check the set-up fees, monthly fees, and transaction fees. And compare them to your business needs to ensure you're not overspending. Don't forget to factor in transaction volume and value to make a wise financial decision.


Types of payment methods available

You want to ensure that your customers can buy from you with their preferred payment method. The payment gateway should be able to handle several types of payment methods such as different credit and debit cards, net banking, EMI, etc. Do not let the unavailability of popular payment methods get in the way of your business success.


Security measures

No one wants to be the victim of fraudulent transactions or have sensitive customer information exposed. That's why choosing a payment gateway that takes security seriously is crucial. One way to protect your business is by choosing a fully PCI DSS-compliant gateway. This security standard sets the bar for protecting sensitive information and is the benchmark merchants should look for when choosing a payment gateway. But why settle for just meeting the minimum requirements? You can go above and beyond by choosing a payment gateway that offers extra security features like fraud detection. This will give you an added layer of protection, helping to keep your business and your customer's information safe from harm.

Integration options

Check the payment gateway’s integration process to see how easily you can integrate it into your e-commerce business. Since more and more people are shopping on their phones, you need to choose a gateway that works for your tech-savvy customers. A mobile-optimized gateway makes sure that checking out on the go goes smoothly. Payment gateways that work well with your existing platform let you use the full power of seamless payments. Whether it's a website or a mobile app, seamless integration makes it easy for your customers to check out.


Settlement Period For Payments

Instant approval may occur for payments, but the money may take a few days to settle in your account. Depending on the payment service provider, this holding period can range from 1-7 days. Make sure to choose a provider that aligns with your cash flow needs.


Features Available

Unlock the full potential of your e-commerce business by choosing multifaceted functionalities that cater to your unique needs. Look for a gateway that offers a wide range of features like electronic invoicing, text/email reminders, and smart chargeback management. These features can improve the user experience and help your business grow to new heights. Choose a payment gateway provider that can handle the unique needs of your business.

Choosing a payment gateway for your online store is critical to the success of your e-commerce business. It can make or break your customer experience and your bottom line. Take the time to research and compare various options to find the best fit for your company.


Or you can save your time and efforts by simply choosing a reliable payment gateway provider such as Worldline that ensures hassle-free integration and a smooth payment experience!

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Worldline India Editorial Team