Finding the best website credit card processing

Choosing the best credit card processing for your website

Business owners often ask us to help them find the best internet credit card processing, this is completely unique to them and the way they process card payments this coupled with complex industry terminology makes it difficult for companies to compare online merchant services.

To accept payments online, you will require two contracts; one with a payment gateway provider and the other with a merchant account provider – these need to be compatible so when carrying out online credit card processing comparison bare this in mind.  For example, often some high-risk merchants choose to use platforms such as Shopify, however finding a high risk merchant account provider that will integrate is extremely difficult and sometimes impossible.

Finding the best internet merchant account for your online business

Be it a smaller start up business or a larger established firm, finding the most cost effective ways to accept credit card payments online is a unique to the way your company runs. For example, credit and debit cards are charged at different amounts, so if you are working in an industry that accepts a large percentage of credit card payments such as holiday and travel companies – it’s wise to compare these costs when searching for a merchant account provider.

We suggest online merchant account comparison is done on the overall cost and not on the rates alone; pay attention to hidden fees and monthly add on’s. Comparing on a pound for pound basis means that you will secure online payment processing at the best price available to you.

TIP –Merchant account fees are negotiable, so we always suggest getting a few quotes before signing on the dotted line!

Best payment gateways for online business

Once you’ve carried out an online merchant services comparisonand chosen a suitable provider, you will need to do the same with finding a payment gateway. This shouldn’t be done on cost alone – here’s why. The payment gateway way acts as a security blanket, encrypting customer card details to ensure they do not fall into the wrong hands. For our expert tips on payment gateway security, CLICK HERE.

When you compare online credit card processing payment gateways, it’s important to know what to expect in terms of costs. Gateways are normally charged at a set amount per month, which can be as little as £25.00. Some payment gateway providers try to sell a merchant account on the back of the gateway sale, which can be costly to you the merchant. Payment gateway and merchant account comparison should be carried out individually, however remember they need to work together, so make sure they are compatible.

Sourcing the best virtual terminal credit card processing

Virtual terminals are online systems which allow businesses to process payments, usually over the phone, these look very similar to online check outs where the user will key in the long card number, expiry date and the security code on the reverse of the card.

When searching for the best virtual terminal, security must be at the forefront of comparison meaning that you limit fraud and chargebacks.  Most businesses using virtual terminals work in MOTO (mail order or telephone order) therefore can be deemed by account providers as ‘high-risk.’ Using specialist brokers or account providers will help you in finding a virtual terminal which is most suited to your business needs.

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How can Merchant Advice Service help with ecommerce credit card processing comparison

Merchant Advice Service work alongside brokers and industry experts who can help you to compare online credit card processing. We are an advice based service, who aim to inform and aid online merchant account and payment gatewaycomparison in the UK and Europe. Our experts are friendly and pride themselves on straight talking, plain English advice. Unlike other comparison sites and charts, we base our information on individual business needs.

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