How do you pick the right payment gateway for your mobile or web app?

Receiving payments for your products or services online necessitates careful planning, integration, and implementation to provide a smooth payment process for your users while also ensuring that you pay the lowest possible fees to the payment gateway. Furthermore, if you want to ensure that your business succeeds, you must protect the privacy and safety of your customers. Due to these variables, finding the proper mobile app development company in Dubai or web development company in Dubai to design your E-commerce platform is critical.

As a result, you should take your time throughout the selection process to ensure that you select the best payment gateway for your mobile apps or web application. In this blog, we’ll go over your alternatives and the most important considerations to consider when choosing a payment gateway for your platform.

Some of the most popular payment gateways in the middle east include:

• Stripe
• PayTabs
• PayFort
• MyFatoorah
• Moyasar
• Paymentwall

These payment gateway providers are mentioned because they are some of the most popular in the Middle East and have been shown to be reliable. Nonetheless, we’ll examine a few key factors that will help you make an informed decision about E-commerce payment options.

When choosing a payment gateway, what should you check for?

Before we get into the specifics of what you should think about when making a decision, keep in mind that a payment gateway is a software application that assists in the processing of credit card information and the facilitation of online payments.

This means that in order to be a viable alternative, the payment gateway must have a particular level of security as well as practical functionality. Choosing an E-commerce website development business is just as important as deciding which gateway to utilize.

With that out of the way, let’s look at the key reasons and primary aspects to bear in mind when choosing a payment gateway service. You should check to see if either of the solutions you’re considering has these qualities.

The following are the primary features and services to anticipate:

Security standards and certifications that are optimal
Support for several currencies
Checkout is simple and intuitive.
Integration is simple, and customer service is available.
Prices that are easily accessible and free estimations

Security standards and certifications that are optimal

Enhancing security has never been more vital for E-commerce than it is now. You should be aware that you will be dealing with very sensitive data provided by your consumers, such as credit card numbers, addresses, and contact information. As a result, the last thing you want is to employ a payment gateway that isn’t taking all of the necessary steps and procedures to protect your customers’ information.

The Payment Card Industry (PCI) standard accreditation, which is required by credit card companies, is one of the certifications that a payment gateway must-have. This means that the payment gateway will be unable to accept most credit card brands without this accreditation.

Any web development company in Dubai that you work with would advise you to double-check the payment processing service’s security measures. When an E-commerce website development business begins working with you on any E-commerce project, this is what will expect.

Support for several currencies

Another important element to consider is the currency support provided by different payment gateways. This is an important factor to consider when choosing a payment gateway partner for your platform since it will have a direct impact on your costs. If you want to expand your E-commerce business to different nations, keep in mind that customers prefer to buy things in their own currency. It is verify in a study done by Penton Research and E4X, which demonstrate that when the E-commerce platform is dedicated to a single currency, at least one-third of the customers express a reluctance to purchase. They either abandoned their shopping carts, purchased fewer things, or left the E-commerce site to monitor conversion rates and never came back.

Even if you decide to use a single currency, such as USD, you must consider the additional charges your users will incur when making a purchase, as well as the charges you will incur through your bank for frequent conversions. This could result in a negative user experience and should be addressed right away.

The checkout process is simple and intuitive.

Although it may appear that the checkout process for a payment getaway is always simple, there are many instances when it can be confusing and frustrating for the customer. When this happens, many potential buyers may abandon their shopping carts before checking out if they become frustrated with the process.

Integration is a simple process.

Due to a lack of proper documentation, the most serious issue with a payment gateway is that it may have a highly complex integration process. Proper payment gateway documentation is required for your web development partner to integrate the payment gateway with your E-commerce platform. This may necessitate additional development efforts by your web development agency to troubleshoot and integrate the necessary payment gateway features, raising the overall cost of your E-commerce platform.

Availability of Customer Service

Any payment gateway vendor’s customer care department’s dependability and availability will be critical attributes. You don’t want to be in a position where you need help right away only to discover that the payment gateway service is only available during specific hours or days of the week.

Transparent pricing 

There are various payment gateway services available on the market, and it’s critical to have pertinent information about their terms, conditions, and price on hand to guarantee you’re making an informed decision about your E-commerce platform’s payment gateway partner.