What is a Payment Gateway?
A payment gateway is a service which authorise any freelancer, entrepreneur or businesses to collect payments from their clients whether it is Credit/Debit card | Online banking | Digital wallets.
Example: Suppose you sell something on Amazon, then the payment gateway will send the payment request to the customers bank account. And after being approved it will deposit the funds in the Amazon;s bank account which later on transfer the payout in your bank account.
Payment Gateway cost or charges?
It is obvious if any newbie comes into business or anyone who is already running a business would probably need a payment gateway or a merchant.
The first thing that comes in mind is β How much does a payment gateway cost or the set- up fee cost? and that leads to the procrastination of the process along with the loss of business & time.
However, itβs not the set-up cost or plans that matter but the interchange fees or we can say the MDR(Merchant Discount Rate).
Know more about the Payment gateway cost
In this 21st century, there are a number of businesses forging day by day. It doesn’t matter in which part of the world you are sitting right now- if you have a good machine and internet connectivity then you can run the show on your own.
But we all need a team in order to rise beyond our individual limitations. When you work individually you have a limited sort of resources because of your income and because of that, you cannot play a big game.
So in business first and most important thing that comes up is vision and clarity of the goal. The second it needs a team so that you can lift up your standard and third most crucial thing any business needs is the reliable payment funnel to collect payment that is a Payment Gateway.
Why you need a Payment Gateway?
It’s not rocket science to understand that every business or individual needs a mode of payment funnel through which he can process the payments from its clients.
In the market, you have a number of payment gateways available but the one that suits your condition best can only provide you by USA Business.
We here at USA Business first know about your business module and what are your expectations from your client’s mode of payment options |ease of payment options | ticket sizes | business category and the list goes on.
What do you need to set-up a payment gateway?
- Business category
- Business vision
- Targeted countries
- KYC Documents of business and owners
- Running website
That’s all you need to tell us and our team will put up their 100% to provide you with the best payment solution possible. However, USA Business can ask for any further details/documents whenever required.
Useful resources:
Payment Gateway list in Malaysia
Payment Gateway list in Saudi Arabia
Payment Gateway list in Canada
Payment Gateway list in Russia