Selecting the Right Payment System for Your Website
In the digital age, having an efficient online payment system is crucial for businesses, especially small ones without a dedicated developer. This guide will walk you through the key factors to consider when choosing an online payment system.
Firstly, it's essential to read reviews before making a decision. Understanding the experiences of others can provide valuable insights into the ease of use, reliability, and customer support offered by different payment aggregators.
The integration process with aggregators is often fast, facilitated by ready-made payment modules. However, connecting a payment system from banks requires a package of documents for agreement and verification, which can potentially delay the process.
Well-known aggregators may offer profitable partner offers for organizing document management, accounting, and other outsourced business processes. An agreement must be signed to connect the payment system to the account, specifying the required methods and instruments.
A good online payment system should allow merchants to receive non-cash payments from buyers over the internet. Reputable aggregators like PayPugs allow accepting payments in various ways, such as bank cards, Internet banking, mobile accounts, and digital wallets.
Additional features like signing up for payments, issuing returns, accepting payments from legal entities, paying with foreign bank cards, lending to customers, etc., should be checked in the selected system. The number of available transaction methods is important, as customers may prefer options other than card payments.
In Germany, common online payment systems include PayPal, credit cards, direct debit (Lastschrift), and increasingly mobile payments like Apple Pay and Google Pay. Among these, PayPal and credit cards tend to have higher fees, often around 1.7% to 2.0% plus a fixed amount per transaction, while banks' direct debit usually incurs lower fees.
API integration or ready-made modules for any popular CMS are options for installing a payment system on the site. Difficulties with paying for purchases can arise for a client at any time, so quick and 24/7 support is essential.
When choosing an aggregator, a single contract is concluded with the aggregator. Registering on the site creates a personal account for the user. It's important to note that banks may charge higher fees for smaller companies.
In conclusion, finding the right online payment system involves considering factors such as ease of integration, available transaction methods, costs, additional features, and support. By carefully evaluating these aspects, businesses can make an informed decision that best suits their needs.
