The European e-commerce industry is rising at a fastening pace. As a result, European merchants have a wide opportunity to grow their business and enhance their profit.
All they need to seek for a payment gateway Europe region to easily process payment from their customers. A payment gateway is software that makes payment processing convenient for a merchant.
There is a lot to tell about the payment gateway and their need but the most important things are what to consider before choosing a payment gateway, which we will discuss in this blog.
What does an online payment gateway do?
If you are involved in the e-commerce industry and selling product and service online, you must have an interest in the payment gateway. The process behind a payment gateway is as complex as it appears easy from the front-end. Below are some of the tasks that take place during an online transaction.
Most online payment gateways handle:
- Payment methods processing: The payment information input by the customer is processed and passed to the merchant’s processing by the payment gateway.
- Sensitive data encryption: A payment gateway provides encryption or encodes the sensitive data entered by the customer so that they can be securely transmitted to the credit card processing network.
- Authorization request: To verify the payment information, the payment gateway initiates a request to authorize the transaction. For instance, if the customer is using a card, the payment gateway will take the customer to the issuing bank’s 3D secure page for verification.
- Capture or Fulfillment: If the payment gateway gets a positive response on the authorization process, it gets back to the merchant’s website with that positive response and allows the visit next step of the purchase process.
- Sale: The sale connects authorization and captures into a single process. This usually takes place when a transaction is fulfilled promptly.
Things to consider while choosing a payment gateway
Data Security
Data security is one of the greatest threats in e-commerce while making an online transaction, which is why your payment gateway service provider must offer several protection tools.
PCI DSS certification is required for any business willing to process credit card and debit card payments, so makes sure that the payment gateway service provider you are choosing has the PCI-DSS Level 1 compliance. Plus, a suitable payment gateway will also offer you complete fraud prevention steps to mitigate fraudulent transaction attempts at your website.
Payment modes available
It is essential to ensure that your checkout process has your customers preferred payment modes. Look for the most popular payment methods used globally, and, if you are targeting any specific market, make sure alternative payment methods in that area is supported by your payment gateway. However, debit card and credit card payments are the most preferred payment modes, but it will be vital if you have an e-Wallet payment mode available.
Automated billion options
This is especially required when you are selling a product or service based on subscription, your payment gateway provider should support a recurring billing feature. This feature will be required to reduce the effort of customer and merchants to manually track and make payment for each month. It will automatically deduct the amount on the date of the transaction.
Should support High-risk business model
Most of the payment gateway providers do not want to get involved with the high-risk industry. So, know your business and if it falls under high-risk industry, then look for only those payment gateways which serve high-risk industries as well.
EskayPay as your payment gateway service provider
EskayPay has a significant place in the list of top payment gateway service providers in the market. It has a wide range of solution for all the merchants involved in any industry. Your business nature hardly bothers us in providing payment gateway service to you.
It gets merchants a merchant account service as well along with payment gateway integration. Merchant can easily manage their financial transactions with our payment gateway and merchant account service.
There are other multiple benefits merchants get with EskayPay, which is below:
- Easy integration
- Instant approval for payment gateway
- High-risk payment processor
- Numerous payment modes
- Coinage solution
- Virtual terminal
- PCI-DSS Level 1 compliance
- Fraud protection tools
- Chargeback management
- International payment processing gateway
- Offshore merchant account solution
- 24*7 technical support
Will a multi-currency processing payment gateway help while dealing in the global market?
A multi-currency payment gateway allows merchants to accept payment in numerous currencies. Merchant gets the ability to process the international payments and receive online payments from their customers worldwide with a payment gateway.
Multi-currency processing is required when a merchant wants to accept card payments in foreign currencies from their customers. It is vital for a business to have the ability to process more than one currency while dealing in the global e-commerce market.
EskayPay allows merchants to offer their customers the option to pay in their desired cash. Plus, merchants can process payment in any currency on a real-time basis.
EskayPay support all major currencies across the globe like the dollar, pound, euro, etc.
Contact us
Stop wasting your time looking for a payment gateway Europe region. EskayPay has all the solution you require to operate your business efficiently.
To know about our payment gateway service contact us right away.
Tags: High Risk Merchant Account, Exports Merchant Account, eCheck Payment Processing, High Risk Gateway, No Chargeback Payment Gateway, Credit Card Processing
High Risk Merchant Accounts 