Payment Gateways 101: What to Know Before Choosing a Payment Provider
We’re not going to sugarcoat it: choosing the right payment processing for your business might be the toughest thing you encounter when setting up shop. And once you’re up and running, ensuring you have the right payment gateway to suit your business only grows in importance.
To make an informed decision, you’ll need to get caught up on the three P’s of payment processing: players, procedures and pricing.
Who’s Involved in an Online Payment Transaction?
There are three main players when it comes to processing credit and debit card transactions, whether you sell online or in person. On one end is you, the business owner. On the other end is your customer. In between are various technology solutions that connect the two of you.