Payment gateways are necessary for any business that wants to accept online credit card payments. The technology circulates financial data around to the necessary entities to authorise payments and move money from a customer to a merchant. When choosing the best payment gateway, it’s important to consider pricing and fees, integrations, security, and other factors:
Pricing and fees
The cost factors for payment gateways are the subscription fees and the payment processing fees. The subscription fees are the monthly fees that the payment gateway charges, and the payment processing fees are the fees that the payment gateway charges for each transaction. Some payment portals don’t charge a monthly fee and charge a higher transaction fee instead.
You can expect to pay £20 to…
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