How to Choose the Best Payment Gateway for Your Online Payments

These days it’s all about convenience, and in a market where the customer is king, you must give them that convenience when it comes to online shopping. Gateway for payment offers customers a convenient, secure, and seamless experience, leaving them with a good feeling about the overall shopping experience; without it, you can’t expect your business to flourish.

So, how do you choose a payment gateway system? Are there things that you should look out for? The answer is a resounding ‘Yes’ there are a few things you need to check before you decide to integrate any payment gateway system into your online store.

In this article, we will help you with a few pointers that will make decision-making a lot easier so that you can quickly get up and running in no time!


Cost is one of the most critical factors you should watch out for. Integrating a payment gateway system comes with a certain cost attached in a set-up fee, monthly fee, and transaction fees. Therefore, you must be careful while choosing a payment gateway system to get the best possible rates.

Types of Cards Allowed

Almost every payment gateway accepts common cards such as Visa, MasterCard, and Amex; however, if your customers use any other types of cards such as a Rupay card, Diners Club Card, etc., you need to find out if your payment provider accepts those options.

Holding Time

Payments are approved instantly; however, it can take days before the money hits your account. This is referred to as the ‘Settlement Period’, during which money is held to handle any refunds or chargebacks. This period can vary between 1-7 days, so depending on the amount of cash flow you need to run your business, you need to choose a service provider where you can choose to get paid immediately or wait it out till the settlement period is over.

Multiple Currency Support

If you want to expand your online business to an international consumer base, you will need support for multiple currencies. So, make sure that you talk to your service provider if they offer the option to accept various currencies to save on any hassles later on.

Types of Digital Payments Supported 

Today’s consumer is no longer constrained to using just credit/debit cards and net banking. Modern-day options such as UPI, QR codes, and digital wallets have become more popular over the years. Moreover, your payment gateway provider should also be able to accept payments via non-traditional methods such as WhatsApp, Facebook, Instagram, and SMS-based payments. So, check with your service provider if they have that capability.
If you are looking for a stellar payment gateway service provider, plural payment gateway can prove to be a great option since it offers everything that we discussed so far and much more!

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