How Do You Choose an Online Credit Card Processor?


Quick Answer

To choose an online credit card processor, research some of the popular payment-processing services such as Amazon Flexible Payments, First Data and Intuit Merchant Service, and compare their costs, support for debit cards, digital security and customer support. Choose the merchant that fits your budget and needs, recommends PC Mag.

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Full Answer

Before choosing an online payment-processing service, visit the websites of popular merchants such as Flagship Merchant Services, Chase Paymentech and Leaders Merchant Services, and compare their fixed and variable costs. Understand all the configuration, monthly, annual and transactional costs involved before committing to any service. Check whether the services support PayPal and credit and debit card processing because these are popular options for online purchases, as of 2015. Additionally, check whether the merchants of interest allow site testing before launching, advises PC Mag.

To guard against credit card and information theft, ensure that the merchant of choice provides data encryption and secondary security features such as CVV2 verification and VeriSign SSL certificates. Evaluate customer support capabilities to determine if the merchant responds to payment processing problems in time, explains PC Mag. Additionally, investigate the financial stability and reputation of different processing services, and compare their contracts before committing to one, advises TSYS Merchant Solutions.

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