Key Factors for Choosing the Right Payment Gateway for Mobile Apps

Give and take policy is the foundation of every transaction. Every organization offers some sort of product or services only then it expects some monetary gains. Ultimately this expectation ends at earning more and more profit through the offering.

Nowadays we can observe that the indulgence of the people into the online services has increased a lot. There are various kinds of services which are availed by the people like booking flight and train tickets, hotel booking, bill payment, shopping etc. all such services have become seamless with the integration of the payment gateways into the apps.

Integration the gateway has provided the feasibility to the users to transfer the fund electronically because without this payments are not possible over the Internet. So, we can say that the integration of the payment portal has become the basic need of every mobile app for the smooth transactions.
So while selecting the payment portal, every app owner must keep his eyes and ears open. This will help him to make the right decision in respect to the payment portal.

Before proceeding towards the payment portals there is one more important decision that has to made by the app owners that is choosing the right application development company for their project. So it is advisable to always opt for some reputed and experienced company to get the proper integration of the gateway. Else, even if you have chosen the right payment gateway, it will be of no use. So both the decisions are equally worthy…

Are you looking for some factors that can assist you in your decision then read further to grab some logical aspects?

Compatibility with the different types of cards:
Have you ever tried to make the payment for any transaction and faced the hassle? Then you must be aware of the kind of disappointment this scenario delivers. In such type of situation generally what people do? If their payment is not getting completed by using the one card they prefer using some other card. If the gateway is not compatible with different types of the card then again it will be a problem for the user.  So, I hope now it is clear why the compatibility aspect is a must while making the decision in this concern.
Ideally, the customer must have the feasibility to use different kinds of card whether it is visa card, master card or any other.

Awareness about the transaction charges is must:
Every gateway is unique in its own way and carries different transaction charges. So to make the right decision you must be aware of the vivid fee structures. There are portals which charge their fee on the monthly basis. For instance- There can be a fixed percentage of the amount that has to be deducted with each payment made through the gateway. Also, there are some portals which have the policy of charging the setup fee while some ask for the one -time charges. This is totally the decision of the business owner that for what kind of charges he is comfortable. Having the adequate information of the fee structure also keeps you informed if there are any hidden charges or cost involved.

The security aspect is the topmost priority:
With the increased demand for the online transactions, the possibilities of the fraudulent and false transactions have also increased. It urges the high level of security for the smooth and secure transactions. So the main quality that has to be there in the gateway is it should be as per the standard of the PCI DSS which stands for Payment Card Industry Data Security Standard. This will help in strengthening the security and provide a secure transaction experience to the users.

Choose the type of gateway as per the type of the business:
There are two types of gateways prevailing in the market which are classic and modern. The main factor which makes them different from each other is the merchant account. If we talk about the classic gateway it needs a merchant account whereas in modern gateway it is not required.
Now let throw some light on their set up. Setting up the Classic type is little difficult in comparison to the modern type but the transaction cost involved in the former is less in comparison to the latter. If you think that your business will involve a high number of daily online transactions then opt for the classic type, it can be a good decision. So it is totally dependent on the nature of the business that which portal will be the good option. Hence the decision has to be taken keeping in mind the need of the organization.

Reviews of the gateways users:
This is one of the important steps that has to be taken by every business owner before getting a gateway integrated. Nothing can be better than this if the owner is having the genuine reviews from the people who are actually using it. Seamless performance of the payment portals and reviews of the customer play a major role in building their reputation. So considering the reputation before the integration can be a great move.

So, if you are eager to experience the smooth integration of the payment gateways into the app then do not think twice and get the services from one of the leading mobile app development company in UK. which is none other than FIFIUM. Now your quest for getting the right app development company for company ends here. It holds the exposure of handling different sorts of projects which makes it experienced enough to deliver the mind-boggling services.