EPISODE #5 How to Choose the Suitable Payment Gateway for your business?

Hello and Welcome to another episode of Digi Gyaan. This is episode No 5 and in this episode we are going to talk about the criteria’s of choosing the best suitable payment Gateway for your online business. Number-1 Reputation in the market: This is the most important aspect you need to consider while choosing the payment gateway. Check their existing clients, their feedbacks and their social accounts. If you think it is good enough, go for it. Number2: Currencies- If you have customers in multiple countries u need to also collect payments in multiple currencies. So do give a look on your payment gateway if it fits for your business. Number3: Refund Policy: All Payment gateway does have different refund policies. So do read it completely and make your policy for refund on the same guideline to avoid future disputes. Number4: Charge Back – Payment Gateway gives flexibility to the customers to raise a dispute regarding their payment. So you need to really give it a look else you may lose money in these dispute cases even if you are not at fault. These cases happens more in digital products. Number:5 Plugin & scripts – If your website is running on any software such as woocommerce, OS commerce or any other kindly give a check whether the payment gateway works fine on these platforms or not. Okay, so this is all for this episode. I’ll see u in the next one.