The global e-commerce market is thriving like never before and has reached a revenue of more than $6 Trillion by 2024.
USA | China | India | UK are the biggest eCommerce players followed by Germany | Japan | South Korea & Indonesia.
How to choose the right payment gateway for your eCommerce business?
It depends on your eCommerce business model and the location where you want to sell. However, a few more things really matter when you are applying for a payment gateway.
As mentioned above, your business model whether it is dropshipping or you are selling through your website will decide the approval.
What if I am doing cross-border eCommerce?
If your clients are based in your native country then it would be easy for you to get the payment gateway but if you are doing cross-border eCommerce, so in that case you have to look out for the ones who can offer you international processing.
And if they are not offering international processing, you have to register your company in the country where your clients are based.
Note: Make sure to check out the MDR | Payout timings & Payment methods before choosing your payment gateway.
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