1. Research about Gateway Providers
A payment gateway is a service that allows your website to receive credit card, debit/prepaid card or internet banking payments form the customers who buy your products and services. There are many payment gateways available to choose from. Choosing the right payment gateway that provides good service and lesser costs is the very first thing to do.
2. Choosing the right service
These are some of the payment gateways available. Some of them are global services where most are restricted geographically.
Choose your payment gateway suitable for your business wisely, so that you can save some money. There may be a onetime fee, transaction fee or monthly fee for the services. Compare the services & charges well before taking the final decision. We are not suggesting any particular payment gateway for you.
3. External and Direct Gateways
External gateways redirect your customers to another website to process the payment. Direct gateways do the processing within your website. Choose the any of these services according to your requirements and the platform you use.
4. Subscribing a Service.
While signing up for the payment gateway plan, you should provide necessary website details. The service provider will provide you with credentials that our website requires for connecting with their platform.
5. Set up your Website for Online Payments
Majority of websites use third party services/software for creating their web store or website. It is easy to add a gateway if your site is created with any of this software. Other vice, leave this job for your website developers.
6. Now Your Website Ready to Receive Online Payments.