Beginner’s Guide: How To Select eCommerce Payment Processor?

Accepting the first payment on the service or product you’re offering is one of the most exciting elements of starting an eCommerce business. The merchant, the company owner, and the consumer are the two main participants in an online payment transaction. Here, payment gateway software and the payment processor, which acts as a go-between, are two technologies that connect both sides of the transaction.

The payment system combines the carts on the sales page with the payment card system. And, the payment processing company software is a third-party firm that completes a payment by transmitting data between the seller and the seller’s bank and the buyer’s credit or debit card and the bank.

With that being said, setting up online payment solutions to make transactions online is one of the most challenging aspects of starting an eCommerce business. While sellers with established brick-and-mortar stores are familiar with some aspects of transaction processing, they may not know how online payments operate.


eCommerce Payment Transferring Process

The goal of payment gateways is to make online transactions more efficient, safe, and convenient. Rather than transferring funds, the payment gateway authorizes money sent to the merchant in a protected and secured manner for the customer. Payment gateways even adhere to PCI compliance requirements, employing a plethora of security measures to avoid fraud.

In most situations, the payment transferring process will be determined by the payment method used by the buyer or user. There are usually two stages: authorization of sales and payment for services.

The following are some of the main steps that make up the complete procedure:

  • Check the website: The consumer uses a search engine to find websites and look for a product that interests them.
  • Selecting a method of payment: They now go to the checkout page after selecting the merchandise. Typically, they are provided a number of payment options from which to select. Of course, how many methods a merchant has integrated into their store is a factor.
  • Transmission of payment data: When the client selects a payment method, the information is transmitted to the gateway responsible for encrypting the user’s data for protection. The gateway delivers this data to the gateway processor after it has been encrypted.
  • Request for money from the processor: The processor then transmits messages to the user’s bank, asking if the consumer has enough credit or balance to execute the payment.
  • Acceptance or rejection of the request: The processor sends the request to the issuing institution. They can choose whether to approve or reject the payment. Most of the time, if the consumer has funds in their account, the transaction will be authorized. It will be rejected if it hasn’t. The bank then tells the payment processor of the actions made and why it was done.
  • The payment is confirmed by the seller: The seller accomplishes the transaction for the buyer once the financial institution has authorized the transaction.


How To Select eCommerce Payment Processor?

When creating an eCommerce website, one of the most important decisions you’ll have to make is which payment gateway to choose. And the major purpose is to secure your company’s prosperity. Here are the most important things to think about when selecting the most satisfactory payment processing solution for your company.


PCI Compliant

PCI compliance is a means for sellers to ensure that their buyers’ bank records are handled properly and safely. The PCI Data Security Standard is the present industry norm and looking for a payment gateway that adheres to the criteria guarantees that sellers comply with PCI regulations.


Secure & Reliable

Search for software from reputable payment services that has never been hacked. Also, make sure the program is available 24 hours a day, seven days a week, with a backup mechanism for data security, recovery, and verification in an emergency.


Simple To Use

To guarantee that the system is set up and running as soon as required, select a payment platform with a simple interface. The system should be simple to implement while also being adaptable.


Compatibility With Other Programs

Each component of an online shopping platform must function in complete sync to create effective company activities. The payment service should also work with any software that the sellers have previously installed on their website.


Fraud Mitigation

A growing amount of data theft has occurred at well-known businesses such as Home Depot and Target. Entrepreneurs must seek a payment service that puts a premium priority on data security and protection.

To prevent fraud, this should contain reliable payment channels. Secure online payment platforms would include automatic fraud-prevention measures, such as the capacity to detect and block suspicious payments.


Payment Alternatives Variety

Buyers can easily complete the registration procedure by using various payment methods, such as debit or credit card, wire transfer, PayPal, PingPong, Payoneer, etc. Buyers are more inclined to purchase from an eCommerce site if it provides a variety of payment options.


Technical Assistance & Resources

As the company expands, more resources will be necessary. A platform with great customer service guarantees that company owners receive gratifying services that match the needs of their expanding firm. Having good customer service and a plethora of materials on hand also aids businesses in troubleshooting problems as they emerge.


Which Are The Best Payment Gateways For eCommerce Business?

When selecting payment gateway alternatives, check that it fulfills all of the brand’s needs and that it is based on professional recommendations based on reviews or comments.

Here are some of the best payment gateways that we propose for your specific company requirements:


Amazon Payments

Amazon Payments is an eCommerce payment gateway that offers consumers a safe and simple payment option. Both businesses and customers can use the service to make online purchases easier.

Amazon payments.

To accomplish check-ins and checkouts, it fully relies on the information that the client has previously entered into their Amazon account.



PayPal is a well-known payment gateway service provider across the world. It accepts both MasterCard and credit card transactions and is cheap for consumers, but sellers must pay processing fees when accepting Visa payments through PayPal.


PayPal vs Payoneer comparison.


There are no registration fees, gateway fees, or monthly fees with the eCommerce payment gateway service provided by PayPal.

If using WooCommerce for your store, be sure to check the best WooCommerce PayPal checkout gateway plugins and WooCommerce PayPal Express plugin.



PingPong is becoming an unstoppable force in the eCommerce payment marketplace, providing highly advanced cross-border payment processing services on a global scale.


PingPong ecommerce payment.


PingPong assists you in receiving funds from overseas to your local Bank account in your domestic currency or GBP/EURO/JPY/AUD/CAD most profitably and efficiently.

They give their clients simplicity and ease in accepting foreign payments without significant time delays or fees. In terms of processing charges, PingPong offers the cheapest and safest services.



2CheckOut is one of the best payment gateway solutions in the US when it comes to quick transactions. It is a comprehensive payment processing platform that comes on all comparable top rankings and categories.


2checkout vs stripe vs paypal


With 15 distinct languages and 87 currencies, this famous US-based leading online payment service helps companies be a worldwide cash cow.



OrangePay is a well-known payment gateway service. It is known for aiding challenging activities. It may provide comfort and decrease risks by ensuring compliance with regulations and providing security against fraudulent payments using a variety of highly safe technologies.




OrangePay lowers the danger of irreverence in several ways. It also features SSL protection and 3D protection to protect sensitive data.



BlueSnap is a specialized payment processor for sellers and retailers that helps improve eCommerce operations by enabling payment methods in several countries or currencies.


BlueSnap payment processor.


It can be integrated with all major markets and eCommerce platforms that accept direct payments. It may even be used to develop unique mobile and desktop programs for SaaS, games, accounting, and other purposes.



Stripe is one of the leading online payment companies offering businesses payment processing services. Their extensive development tools distinguish them from other payment processing providers.


stripe vs 2checkout vs authorize vs braintree


Stripe has made a significant dedication to eCommerce as a competent and versatile API, allowing webmasters to modify the framework to their specific needs.

You can use Stripe plugin for WooCommerce or plugin like WPPayForm to accept Stripe payments in WordPress.



Authorize.Net is regarded as one of the prominent payment gateway companies for the eCommerce industry. Over 400,000 retailers use Authorize.Net payment gateway to accept credit cards and electronic transfers.


authorize vs paypal vs 2checkout vs stripe


Authorize.Net has 83% of its clients in the United States. Sellers use Authorize.Net’s seller interface to manage their accounts. They can create multiple accounts for a user to manage access for each user. Moreover, is an easy win for maintaining an internet business with an added benefit.



PayU, a payment-processing business, is one of the most straightforward eCommerce payment systems intended to fill the holes left by complicated service providers.


PayU payment processor.


PayU is preferred over other payment options due to its superior currency exchange rates and acceptability. The PayuBiz APIs and SDKs facilitate the integration of this solution with any site, app, etc.


Select eCommerce Payment Processor Conclusion

It doesn’t have to be difficult to choose a payment platform that suits your firm’s demands. Incorporating the relevance of payment services in the mix, on the other hand, ensures a company’s success.

Newbies must devote a significant amount of time and attention to identifying the finest solutions that match their present and potential goals — when you have the proper tools, a smooth payment process leads to a larger sum of trading.

In addition, choosing and implementing the proper payment gateway solution isn’t difficult or expensive if merchants know their company objectives better. They may have an instant and beneficial influence on their brand’s user satisfaction and profits if they execute it correctly.

It can be difficult to select an eCommerce payment processor. If you evaluate the points mentioned above when selecting and deploying the best payment gateway service, you will at least have a starting point.




Vishnudev .K.S.

I am a young blogger who loves creative writing and enjoys experimenting with various writing strategies in both web and print. I always analyze market changes and updates daily and summarize the information I get, and share it online so that readers can better understand what they really need.

DISCLOSURE: Posts may contain affiliate links. If you buy something through one of those links, I might get a small commission, without any extra cost to you. Read more about it here.

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