A Guide to Find Seamless Payment Processor

Most of the businesses are going online whether they are big or small and that’s because of the increasing demand for services or products. The customer prefers to buy everything online because it offers them convenience. Also, this increased the need for the online payments for both customers and businesses. 

One thing that businesses should keep in mind with online transactions is that it should be smooth and free from security breaches. The modern payment software keeps all the user transactions safe and secure to avoid theft. 

Also, secure payment should be the priority of any online payment processor. The presence of hackers and malware is very high online. The payment software should be equipped with the latest technology and the possibility of breaching should be zero to nothing. Let us look at a few tips to choose the best payment processor. 

Choose a Payment Processor


How to Choose a Payment Processor?

Trust And Security

These two things can't be replaced or missed when it comes to online payment processing. We build trust by proving that our payment process is secure and can't be breached. PCI compliance is a must for all payment processors. There are four levels of PCI, and the highest level required depends on the merchant's transactional data. Level one PCI is the most secure and can be availed when the number of card transactions exceeds over six million or your data is breached on the second level.  

Payment Gateway

Gateway is a very important tool for payment processing. It acts as a communicator and approves or declines the transaction that is in action. The gateway can accept payment through credit cards, debit cards, and more. The transaction decline can be due to timeout, network failure, or faulty access. Once the payment is approved, money is debited from the customer's account. Most payment processors take 1 to 3 days to fund the money in a merchant's account. By opting Slidepay, you can ensure that you get your money within one day.   

Processing Charges 

The card payment system includes credit cards and debit cards. Whenever an online transaction is made with the help of a payment processor, they charge the merchant for card processing. A percentage and fixed amount are charged with every transaction. The charges vary and depend on the payment processors. You can save better with the help of Slidepay and the gateway offered is also free.

Simplicity And Fast Connectivity 

The payment processors should be simple and easy to connect with. It saves time, and we don't waste time doing unnecessary tasks. Fast connectivity not only helps the merchants but the customers too. Slow payment methods often create dilemmas, and customers might panic and abort transactions. And too many options can be very hectic for the merchant while handling their accounts. The proactive design of the system will boost productivity on both ends. 

Conclusion

A payment processor is a promise to a merchant and customer. Security and reliability are the most critical factors. There should be no compromises in choosing a payment processor. Keep your needs and priorities straight and keep the above-mentioned information in mind. Get in touch with Slidepay and have secured and reliable payment processor services. 

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