Regardless of your business type, you will eventually have to choose the type of payment solution that matches your business goals and optimizes profit. There are various types of payment solutions (retail, mobile, online, phone, etc) and a host of companies offering these services. Listed below are some of the things you should look for when comparing companies.
- The type of payments you receive
- Processing payments
- Payment gateway requirement (any serious business will have this)
- How compatible the gateway is with your shopping cart
- Cost of their service
- Types of payment plan
- Guaranteed security
- Recovery plan in case of a disaster
- Payment reporting plan
