Whether you are an e-Commerce platform owner or just maintaining your online presence, you want to offer your customers a safe, quick, and easy-to-use payment system. The chosen payment solution has to satisfy both the needs of your customers and your business. So, it has to be protected from fraud, support a variety of payment methods, be convenient to use, and compatible with your platform.
To accept electronic payments and be able to process credit or debit cards, a merchant uses a payment gateway. Choosing the right payment gateway determines the currencies you can accept, the transaction fee, how fast money gets in your merchant account, and the payment methods you’ll offer.
According to some researchers most of the customers abandon their shopping carts because of a complex checkout system or too much information required to complete it. These statistics confirm that choosing the right payment solution provider is as important as other aspects of a good e-Commerce website