Besides the Compliance, the Processor Must Also Provide a Proper Payment Gateway!
Finding a reliable payment processing company is not an easy task. There are many different alternatives that you can find on the market. But not all of them will be able to help you solve your problem. So, all you have to do is to find the right one. The first thing that you need to check is if the processor can help your company become PCI certified. And the next step is to check the quality of the payment gateway provided by the processor. One of the most popular payment methods that a processor can provide is subscription billing. It offers several advantages that will help you grow your company faster.
• Improve the efficiency of the billing process. Your clients will not need to repeat the same steps, again and again, every time a payment needs to be done. They can simply subscribe once and be done with it. Also, your company will not need to take care of every payment that it receives. So, the efficiency of the billing process will increase dramatically.
• Increase the security of your customers’ and your company’s data. A reliable processor will make sure that the important information of your clients and that of your company is not stored on any computer. So, the security levels of your company will increase. That means that you will have to deal with almost no processing problems in the future. And it will be easier to become PCI certified.
• Reduce transition fees. Standard payment gateway methods will require you to pay full fees every time a payment is made. On the other hand, if you use the subscription model, the fees will only apply for the first payment. Afterward, only a small fraction of the fees will be required again. So, you will be able to reduce the costs of your company.
• Increase the loyalty of your clients. One of the advantages of this method is the convenience that it offers. And this will make it more difficult for your clients to stop using your services and go to one of your competitors. So, if your company can use this payment system, then you should try your best to introduce it. But you should know that not everyone can implement this method successfully. Not every company can ask for recurring payments.
What Benefits Can You Expect from a Proper Payment Gateway?
A payment gateway must be able to provide you with several other methods besides the subreption one. And you should introduce at least 3 different methods to allow your clients to make payments however they wish to. There are several benefits that you can expect to get from using the methods provided by a reliable processor. And each one of them is mandatory for the future of your business. So, you should not neglect this part and make sure that your future processing partner can provide you with these benefits, including a method to become PCI certified.
• Larger market share. The first benefit that you can expect is an increase in the market share of your company. If you only use a single payment method, then there will be a lot of potential clients that can’t buy your products or services. Why? Because they can’t make payments through the method that you provide. But if you find a reliable processor, then you will be able to provide more methods. And that will allow more of your potential clients to make payments. So, the market share of your company will increase.
• Enhanced marketing efforts. The second type of benefit that you can expect is an increase in the productivity of your marketing methods. Keep in mind that a reliable processing partner will also help your company to increase its security levels. And you can make use of this information to gain the trust of your website visitors and increase the number of leads and customers that you will get.
• Increased revenue and profits. As a result of the other benefits, the revenue and the profits of your company will also increase. Also, this increase will happen faster and faster. As a result, you will be able to increase the growth rate of your company and reach your goals much faster than you estimated in the past.
How to Find a Processor That Can Help You Become PCI Certified and Also Provide Other Mandatory Features!
There are many advantages and benefits that you can get from using the services of a processor. For example, you can become PCI certified by yourself. But the process will be much more complicated than having the help of a payment processing company. Also, the payment gateway features will ensure that your company will grow at an accelerated rate. And all you need to do to find a reliable processing partner is to follow 3 simple steps.
• Use the internet and find the options that meet the requirements. The first thing that you need to do is to establish the requirements that you will have from a processor. For example, you may want the processing company to help you become PCI compliant and provide specific payment methods. And then you can use the internet and find all the options that need these requirements.
• Check the other features, advantages, and benefits that they offer. The next step is to visit the website of each processor and check all the features, advantages, and benefits that it will provide to your company. The goal is to find the best 2 or 3 processors. Make sure that they are the most compatible ones with your company. And that they can help you become PCI certified.
• Test the software before starting a long-term collaboration. And the last step is to test the services provided by these companies. Most of the processing companies on the market will provide you with a free trial that you can use to check the quality of their software and services. So, you can do exactly that for the top 3 companies and choose the best one.
