Payment Gateways and the ARM industry

A payment gateway is a solution that allows you to accept card payments and other forms of transactions securely. When your business is connected with an effective gateway, business flows smoothly; payments can be taken, deposited, and recorded in a compliant manner. Implementing the right payment gateway can prove key to ensuring long-term success.

Which is the best payment gateway to use? With dozens of options to choose from, it can be a complicated decision. Since not all payment gateways function in the same manner, it’s important to make the right choice. Below are a few factors you should consider before selecting a gateway.

PCI Compliant

Make sure the gateway you use is PCI DSS (Payment Card Industry Data Security Standard) compliant, preferably Level 1 PCI compliant.  PCI compliance is a set of requirements designed to ensure that all gateways that process, store, or transmit credit card information maintain a secure environment.

Fraud Prevention Tools

Every day some new fraudster tries to manipulate the system in order to defraud it. Make sure the gateway you’re considering has fraud tools in place that actively detect and stop fraud attempts.  It’s also important that the gateway continuously updates the tools in order to stop new fraud schemes that are always popping up.

Mobile-Friendly: Works with Apple and Android Devices

As mobile devices become more prevalent, more people will use their smartphones or tablets to make payments. Make sure the gateway you’re considering offers applications that work with Apple and Android devices.

Live Customer Support

Having live representatives who are always ready to assist you with questions and concerns regarding your account is a big advantage to look for in a gateway provider. No matter how good a system is, problems crop up or questions arise. It’s good to have someone available to help you with those situations.

By offering various payment gateways, BillingTree’s Payrazr Marketplace has the right fit for your business needs. myPayrazr Gateway is the most innovative, intuitive, and flexible integrated ACH, debit/credit card payment-processing gateway on the market today. Developed by leveraging the knowledge and expertise of BillingTree, myPayrazr gateway combines the most cutting edge technology solutions with over a decade of payment processing and compliance experience. Click the link to learn more about the entire Payrazr Solution offerings.