Why an Online Merchant Should Not Opt For A Free/Cheap Payment Service

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The online merchants today have a number of choices, related to online payment services. There are a number of payment gateway providers in India today, who provide online transaction processing capability to merchants at varying costs. A cheapest online payment gateway may seem to a lucrative option to an online merchant initially. But the hiring of such payment service can be disastrous for the merchant in the long run. Here are some points that show why you should never opt for a cheap or free payment gateway for your eCommerce.

No Security

The cheap and the free payment gateways do not comply with the PCI: DSS norms. They also do not have ISO certification. As they do not use the SSL or Secure Socket Layer encryption technology for encrypting financial data and credit card information, when it passes through different web servers, any transaction taking place on the insecure payment gateway is open to online frauds and thefts.

Outdated Technology

While the cheapest online payment gateway may cost low, free payment gateways take lots of loading time. This is so because they use outdated technology in their built and structure. These payment gateways also do not have any modern features for enhancing payment success rates.

No Support

The free and cheap payment gateways do not offer the merchant any kind of dispute and problem resolution measure. The services cannot be accessed through communication modes like phone, email or web chat even after hours of efforts.

For the eCommerce payment gateway integration purposes, an online merchant should only choose a secure, PCI: DSS compliant and featured payment gateway like EBS. EBS offers 24/7 online support and a modern payment system that has advanced features for greater payment success rates.
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  • Profile picture of the author rekii
    Banned
    I know a Payment processor that goes Fast and Cheap without sacrificing security, has updated technology and support their customers needs 24/5. I'm talking about PayCo, I have been doing business with them for a couple of months now. This is where I deposit and withdraw all my Forex transactions. Everything was easy with this payment gateway.
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  • Profile picture of the author Ezra Firestone
    always use reliable payment source , better to have your own merchant service
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