SlideShare a Scribd company logo
1 of 18
Download to read offline
5 Tips for
Getting Payment
Gateways Right
Your multi-channel ecommerce
success relies on a great payment
gateway – here’s how to pick one

www.sanderson.com
Multi-channel ecommerce
is reliant on a good
payment gateway to
ensure that transactions
are completed to the
satisfaction of both buyer
and seller. So how do you
identify the right payment
gateway for your company?

www.sanderson.com
What level of fraud
protection is on offer?
The Internet makes buying and selling very
easy. Unfortunately fraud is also a whole lot
easier to commit, creating major problems
for retailers.
Any payment gateway under consideration must offer your multi-channel
ecommerce operation protection against fraud and associated loss. The
system should also protect your customers without getting in the way of
their transaction.

www.sanderson.com
According to new research commissioned by Accertify:

www.sanderson.com
According to new research commissioned by Accertify:
Consumers will change their shopping behaviour if they
have a negative experience with a fraud protection system.

www.sanderson.com
According to new research commissioned by Accertify:
Consumers will change their shopping behaviour if they
have a negative experience with a fraud protection system.
One in three respondents (35%) said they would penalise
the business responsible for an improperly delayed or
denied transaction by moving or considering moving their
business to a competitor.

www.sanderson.com
According to new research commissioned by Accertify:
Consumers will change their shopping behaviour if they
have a negative experience with a fraud protection system.
One in three respondents (35%) said they would penalise
the business responsible for an improperly delayed or
denied transaction by moving or considering moving their
business to a competitor.
More than a quarter of genuine consumers (28%) have
encountered a fraud protection system that unnecessarily
delayed or denied their transaction.

www.sanderson.com
Is the gateway PCI DSS
compliant?
PCI DSS compliance is a legal requirement
for any multi channel ecommerce system
that handles credit card details.

www.sanderson.com
Is the gateway PCI DSS
compliant?
PCI DSS compliance is a legal requirement
for any multi channel ecommerce system
that handles credit card details.
You must ensure that sensitive data is not stored by your company,
or you could face fines of up to £500,000.
If the gateway under consideration cannot prove compliance, it is unsuitable.

www.sanderson.com
Is multi-currency support
on offer?
Selling goods abroad is simple. Accepting
payment is not. Dealing with multiple
currencies, exchange rates and handling fees
makes a simple sale quite complicated if buyer
and seller are located in different countries.

www.sanderson.com
Is multi-currency support
on offer?
Selling goods abroad is simple. Accepting
payment is not. Dealing with multiple
currencies, exchange rates and handling fees
makes a simple sale quite complicated if buyer
and seller are located in different countries.
To make your multi-channel ecommerce platform open to the widest
possible audience, your payment gateway must support multiple
currencies.

www.sanderson.com
How do the handling fees
work?
Every payment processed online attracts a
standard handling fee, usually based on the
value of the transaction.

www.sanderson.com
How do the handling fees
work?
Every payment processed online attracts a
standard handling fee, usually based on the
value of the transaction.
However there are additional charges for different payment cards, currency
exchange rates and other variables specific to the payment provider.
You must fully understand the cost implications of any charges, including
international estimated sales volumes before committing your multi-channel
ecommerce operations to any gateway.

www.sanderson.com
Is there any mobile
integration?
The growth of mCommerce is increasingly
important, particularly for retailers looking
to gain a competitive advantage.

www.sanderson.com
Is there any mobile
integration?
The growth of mCommerce is increasingly
important, particularly for retailers looking
to gain a competitive advantage.
Your ideal payment gateway will therefore provide simple mobile
integration, extending the potential of your multi-channel
ecommerce operations.

www.sanderson.com
The m-commerce
market is expected to
account for 24.4% of
overall e-commerce
revenues by the end
of 2017.
ABI Research

www.sanderson.com
The right payment platform for your business will depend
on your specific multi-channel ecommerce offerings.

However it will undoubtedly meet these five
requirements.

www.sanderson.com
Download our free eGuide

The death of the
high street?
Download Now!

www.sanderson.com

More Related Content

More from Sanderson Group

How much is poor financial management really costing your wholesale business?
How much is poor financial management really costing your wholesale business?How much is poor financial management really costing your wholesale business?
How much is poor financial management really costing your wholesale business?Sanderson Group
 
5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...
5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...
5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...Sanderson Group
 
The productivity checklist: Improve picking process by making your warehouse ...
The productivity checklist: Improve picking process by making your warehouse ...The productivity checklist: Improve picking process by making your warehouse ...
The productivity checklist: Improve picking process by making your warehouse ...Sanderson Group
 
The profitability checklist: Boost your profit margins by optimising warehous...
The profitability checklist: Boost your profit margins by optimising warehous...The profitability checklist: Boost your profit margins by optimising warehous...
The profitability checklist: Boost your profit margins by optimising warehous...Sanderson Group
 
The visibility checklist for 3PLs and distribution centres: what do your ware...
The visibility checklist for 3PLs and distribution centres: what do your ware...The visibility checklist for 3PLs and distribution centres: what do your ware...
The visibility checklist for 3PLs and distribution centres: what do your ware...Sanderson Group
 
The Efficiency Checklist: How to manage unforeseen peaks with a WMS
The Efficiency Checklist: How to manage unforeseen peaks with a WMSThe Efficiency Checklist: How to manage unforeseen peaks with a WMS
The Efficiency Checklist: How to manage unforeseen peaks with a WMSSanderson Group
 
Why Sanderson for Food and Drink Manufacturers?
Why Sanderson for Food and Drink Manufacturers?Why Sanderson for Food and Drink Manufacturers?
Why Sanderson for Food and Drink Manufacturers?Sanderson Group
 
Why Sanderson for Manufacturers?
Why Sanderson for Manufacturers?Why Sanderson for Manufacturers?
Why Sanderson for Manufacturers?Sanderson Group
 
How to Be a 5 Minute Manager in Agile Manufacturing
How to Be a 5 Minute Manager in Agile ManufacturingHow to Be a 5 Minute Manager in Agile Manufacturing
How to Be a 5 Minute Manager in Agile ManufacturingSanderson Group
 
How Productive Are Your Manufacturing Competitors?
How Productive Are Your Manufacturing Competitors?How Productive Are Your Manufacturing Competitors?
How Productive Are Your Manufacturing Competitors?Sanderson Group
 
The customer expects more, how fulfilment can deliver
The customer expects more, how fulfilment can deliverThe customer expects more, how fulfilment can deliver
The customer expects more, how fulfilment can deliverSanderson Group
 
Factories of the Future - and What They Mean for Your Business
Factories of the Future - and What They Mean for Your BusinessFactories of the Future - and What They Mean for Your Business
Factories of the Future - and What They Mean for Your BusinessSanderson Group
 
Production Scheduling Mastery in 5 Steps
Production Scheduling Mastery in 5 StepsProduction Scheduling Mastery in 5 Steps
Production Scheduling Mastery in 5 StepsSanderson Group
 
3 Successful Social Media Campaigns From Innovative Multi Channel Retailers
3 Successful Social Media Campaigns From Innovative Multi Channel Retailers 3 Successful Social Media Campaigns From Innovative Multi Channel Retailers
3 Successful Social Media Campaigns From Innovative Multi Channel Retailers Sanderson Group
 
Business Intelligence Insights: How to Present Visual Data your Team Understands
Business Intelligence Insights: How to Present Visual Data your Team UnderstandsBusiness Intelligence Insights: How to Present Visual Data your Team Understands
Business Intelligence Insights: How to Present Visual Data your Team UnderstandsSanderson Group
 

More from Sanderson Group (15)

How much is poor financial management really costing your wholesale business?
How much is poor financial management really costing your wholesale business?How much is poor financial management really costing your wholesale business?
How much is poor financial management really costing your wholesale business?
 
5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...
5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...
5 symptoms of outdated IT and why it is a barrier to success in wholesale dis...
 
The productivity checklist: Improve picking process by making your warehouse ...
The productivity checklist: Improve picking process by making your warehouse ...The productivity checklist: Improve picking process by making your warehouse ...
The productivity checklist: Improve picking process by making your warehouse ...
 
The profitability checklist: Boost your profit margins by optimising warehous...
The profitability checklist: Boost your profit margins by optimising warehous...The profitability checklist: Boost your profit margins by optimising warehous...
The profitability checklist: Boost your profit margins by optimising warehous...
 
The visibility checklist for 3PLs and distribution centres: what do your ware...
The visibility checklist for 3PLs and distribution centres: what do your ware...The visibility checklist for 3PLs and distribution centres: what do your ware...
The visibility checklist for 3PLs and distribution centres: what do your ware...
 
The Efficiency Checklist: How to manage unforeseen peaks with a WMS
The Efficiency Checklist: How to manage unforeseen peaks with a WMSThe Efficiency Checklist: How to manage unforeseen peaks with a WMS
The Efficiency Checklist: How to manage unforeseen peaks with a WMS
 
Why Sanderson for Food and Drink Manufacturers?
Why Sanderson for Food and Drink Manufacturers?Why Sanderson for Food and Drink Manufacturers?
Why Sanderson for Food and Drink Manufacturers?
 
Why Sanderson for Manufacturers?
Why Sanderson for Manufacturers?Why Sanderson for Manufacturers?
Why Sanderson for Manufacturers?
 
How to Be a 5 Minute Manager in Agile Manufacturing
How to Be a 5 Minute Manager in Agile ManufacturingHow to Be a 5 Minute Manager in Agile Manufacturing
How to Be a 5 Minute Manager in Agile Manufacturing
 
How Productive Are Your Manufacturing Competitors?
How Productive Are Your Manufacturing Competitors?How Productive Are Your Manufacturing Competitors?
How Productive Are Your Manufacturing Competitors?
 
The customer expects more, how fulfilment can deliver
The customer expects more, how fulfilment can deliverThe customer expects more, how fulfilment can deliver
The customer expects more, how fulfilment can deliver
 
Factories of the Future - and What They Mean for Your Business
Factories of the Future - and What They Mean for Your BusinessFactories of the Future - and What They Mean for Your Business
Factories of the Future - and What They Mean for Your Business
 
Production Scheduling Mastery in 5 Steps
Production Scheduling Mastery in 5 StepsProduction Scheduling Mastery in 5 Steps
Production Scheduling Mastery in 5 Steps
 
3 Successful Social Media Campaigns From Innovative Multi Channel Retailers
3 Successful Social Media Campaigns From Innovative Multi Channel Retailers 3 Successful Social Media Campaigns From Innovative Multi Channel Retailers
3 Successful Social Media Campaigns From Innovative Multi Channel Retailers
 
Business Intelligence Insights: How to Present Visual Data your Team Understands
Business Intelligence Insights: How to Present Visual Data your Team UnderstandsBusiness Intelligence Insights: How to Present Visual Data your Team Understands
Business Intelligence Insights: How to Present Visual Data your Team Understands
 

Recently uploaded

how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.DOT TECH
 
Introduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdfIntroduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdfSafa444074
 
How can I sell my Pi coins in Vietnam easily?
How can I sell my Pi coins in Vietnam easily?How can I sell my Pi coins in Vietnam easily?
How can I sell my Pi coins in Vietnam easily?DOT TECH
 
Abhay Bhutada: A Journey of Transformation and Leadership
Abhay Bhutada: A Journey of Transformation and LeadershipAbhay Bhutada: A Journey of Transformation and Leadership
Abhay Bhutada: A Journey of Transformation and LeadershipVighnesh Shashtri
 
how can i make money selling pi coins in 2024
how can i make money selling pi coins in 2024how can i make money selling pi coins in 2024
how can i make money selling pi coins in 2024DOT TECH
 
Indirect tax .pptx Supply under GST, Charges of GST
Indirect tax .pptx  Supply under GST, Charges of GSTIndirect tax .pptx  Supply under GST, Charges of GST
Indirect tax .pptx Supply under GST, Charges of GSTmeghnagandhi5574
 
Monthly Market Risk Update: May 2024 [SlideShare]
Monthly Market Risk Update: May 2024 [SlideShare]Monthly Market Risk Update: May 2024 [SlideShare]
Monthly Market Risk Update: May 2024 [SlideShare]Commonwealth
 
Abhay Bhutada’s Plan to Boost Financial Growth in 2024
Abhay Bhutada’s Plan to Boost Financial Growth in 2024Abhay Bhutada’s Plan to Boost Financial Growth in 2024
Abhay Bhutada’s Plan to Boost Financial Growth in 2024Champak Jhagmag
 
how to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and Australiahow to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and AustraliaDOT TECH
 
Population Growth and Economic Development
Population Growth and  Economic DevelopmentPopulation Growth and  Economic Development
Population Growth and Economic Developmentyirgalemleaye
 
Bitcoin Masterclass TechweekNZ v3.1.pptx
Bitcoin Masterclass TechweekNZ v3.1.pptxBitcoin Masterclass TechweekNZ v3.1.pptx
Bitcoin Masterclass TechweekNZ v3.1.pptxSymbio Agency Ltd
 
Fintech Belgium General Assembly and Anniversary Event 2024
Fintech Belgium General Assembly and Anniversary Event 2024Fintech Belgium General Assembly and Anniversary Event 2024
Fintech Belgium General Assembly and Anniversary Event 2024FinTech Belgium
 
Bond Bazaar Powerpoint Presentation in Details
Bond Bazaar Powerpoint Presentation in DetailsBond Bazaar Powerpoint Presentation in Details
Bond Bazaar Powerpoint Presentation in DetailsChandrakant Akela
 
Maximize Your Business Potential with Falcon Invoice Discounting
Maximize Your Business Potential with Falcon Invoice DiscountingMaximize Your Business Potential with Falcon Invoice Discounting
Maximize Your Business Potential with Falcon Invoice DiscountingFalcon Invoice Discounting
 
What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024DOT TECH
 
how can I sell my pi coins in the United States at the best price
how can I sell my pi coins in the United States at the best pricehow can I sell my pi coins in the United States at the best price
how can I sell my pi coins in the United States at the best priceDOT TECH
 
PPT- Chapter 5- Cost Allocation presentation pdf
PPT- Chapter 5- Cost Allocation presentation pdfPPT- Chapter 5- Cost Allocation presentation pdf
PPT- Chapter 5- Cost Allocation presentation pdfKalkaye
 
How can I sell my pi coins in Indonesia?
How can I  sell my pi coins in Indonesia?How can I  sell my pi coins in Indonesia?
How can I sell my pi coins in Indonesia?DOT TECH
 
New Stratus Corporate Presentation May 2024
New Stratus Corporate Presentation May 2024New Stratus Corporate Presentation May 2024
New Stratus Corporate Presentation May 2024Adnet Communications
 
how do I get a legit pi buyer in the internet (2024)
how do I get a legit pi buyer in the internet (2024)how do I get a legit pi buyer in the internet (2024)
how do I get a legit pi buyer in the internet (2024)DOT TECH
 

Recently uploaded (20)

how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.
 
Introduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdfIntroduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdf
 
How can I sell my Pi coins in Vietnam easily?
How can I sell my Pi coins in Vietnam easily?How can I sell my Pi coins in Vietnam easily?
How can I sell my Pi coins in Vietnam easily?
 
Abhay Bhutada: A Journey of Transformation and Leadership
Abhay Bhutada: A Journey of Transformation and LeadershipAbhay Bhutada: A Journey of Transformation and Leadership
Abhay Bhutada: A Journey of Transformation and Leadership
 
how can i make money selling pi coins in 2024
how can i make money selling pi coins in 2024how can i make money selling pi coins in 2024
how can i make money selling pi coins in 2024
 
Indirect tax .pptx Supply under GST, Charges of GST
Indirect tax .pptx  Supply under GST, Charges of GSTIndirect tax .pptx  Supply under GST, Charges of GST
Indirect tax .pptx Supply under GST, Charges of GST
 
Monthly Market Risk Update: May 2024 [SlideShare]
Monthly Market Risk Update: May 2024 [SlideShare]Monthly Market Risk Update: May 2024 [SlideShare]
Monthly Market Risk Update: May 2024 [SlideShare]
 
Abhay Bhutada’s Plan to Boost Financial Growth in 2024
Abhay Bhutada’s Plan to Boost Financial Growth in 2024Abhay Bhutada’s Plan to Boost Financial Growth in 2024
Abhay Bhutada’s Plan to Boost Financial Growth in 2024
 
how to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and Australiahow to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and Australia
 
Population Growth and Economic Development
Population Growth and  Economic DevelopmentPopulation Growth and  Economic Development
Population Growth and Economic Development
 
Bitcoin Masterclass TechweekNZ v3.1.pptx
Bitcoin Masterclass TechweekNZ v3.1.pptxBitcoin Masterclass TechweekNZ v3.1.pptx
Bitcoin Masterclass TechweekNZ v3.1.pptx
 
Fintech Belgium General Assembly and Anniversary Event 2024
Fintech Belgium General Assembly and Anniversary Event 2024Fintech Belgium General Assembly and Anniversary Event 2024
Fintech Belgium General Assembly and Anniversary Event 2024
 
Bond Bazaar Powerpoint Presentation in Details
Bond Bazaar Powerpoint Presentation in DetailsBond Bazaar Powerpoint Presentation in Details
Bond Bazaar Powerpoint Presentation in Details
 
Maximize Your Business Potential with Falcon Invoice Discounting
Maximize Your Business Potential with Falcon Invoice DiscountingMaximize Your Business Potential with Falcon Invoice Discounting
Maximize Your Business Potential with Falcon Invoice Discounting
 
What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024
 
how can I sell my pi coins in the United States at the best price
how can I sell my pi coins in the United States at the best pricehow can I sell my pi coins in the United States at the best price
how can I sell my pi coins in the United States at the best price
 
PPT- Chapter 5- Cost Allocation presentation pdf
PPT- Chapter 5- Cost Allocation presentation pdfPPT- Chapter 5- Cost Allocation presentation pdf
PPT- Chapter 5- Cost Allocation presentation pdf
 
How can I sell my pi coins in Indonesia?
How can I  sell my pi coins in Indonesia?How can I  sell my pi coins in Indonesia?
How can I sell my pi coins in Indonesia?
 
New Stratus Corporate Presentation May 2024
New Stratus Corporate Presentation May 2024New Stratus Corporate Presentation May 2024
New Stratus Corporate Presentation May 2024
 
how do I get a legit pi buyer in the internet (2024)
how do I get a legit pi buyer in the internet (2024)how do I get a legit pi buyer in the internet (2024)
how do I get a legit pi buyer in the internet (2024)
 

5 Tips for Getting Payment Gateways Right

  • 1. 5 Tips for Getting Payment Gateways Right Your multi-channel ecommerce success relies on a great payment gateway – here’s how to pick one www.sanderson.com
  • 2. Multi-channel ecommerce is reliant on a good payment gateway to ensure that transactions are completed to the satisfaction of both buyer and seller. So how do you identify the right payment gateway for your company? www.sanderson.com
  • 3. What level of fraud protection is on offer? The Internet makes buying and selling very easy. Unfortunately fraud is also a whole lot easier to commit, creating major problems for retailers. Any payment gateway under consideration must offer your multi-channel ecommerce operation protection against fraud and associated loss. The system should also protect your customers without getting in the way of their transaction. www.sanderson.com
  • 4. According to new research commissioned by Accertify: www.sanderson.com
  • 5. According to new research commissioned by Accertify: Consumers will change their shopping behaviour if they have a negative experience with a fraud protection system. www.sanderson.com
  • 6. According to new research commissioned by Accertify: Consumers will change their shopping behaviour if they have a negative experience with a fraud protection system. One in three respondents (35%) said they would penalise the business responsible for an improperly delayed or denied transaction by moving or considering moving their business to a competitor. www.sanderson.com
  • 7. According to new research commissioned by Accertify: Consumers will change their shopping behaviour if they have a negative experience with a fraud protection system. One in three respondents (35%) said they would penalise the business responsible for an improperly delayed or denied transaction by moving or considering moving their business to a competitor. More than a quarter of genuine consumers (28%) have encountered a fraud protection system that unnecessarily delayed or denied their transaction. www.sanderson.com
  • 8. Is the gateway PCI DSS compliant? PCI DSS compliance is a legal requirement for any multi channel ecommerce system that handles credit card details. www.sanderson.com
  • 9. Is the gateway PCI DSS compliant? PCI DSS compliance is a legal requirement for any multi channel ecommerce system that handles credit card details. You must ensure that sensitive data is not stored by your company, or you could face fines of up to £500,000. If the gateway under consideration cannot prove compliance, it is unsuitable. www.sanderson.com
  • 10. Is multi-currency support on offer? Selling goods abroad is simple. Accepting payment is not. Dealing with multiple currencies, exchange rates and handling fees makes a simple sale quite complicated if buyer and seller are located in different countries. www.sanderson.com
  • 11. Is multi-currency support on offer? Selling goods abroad is simple. Accepting payment is not. Dealing with multiple currencies, exchange rates and handling fees makes a simple sale quite complicated if buyer and seller are located in different countries. To make your multi-channel ecommerce platform open to the widest possible audience, your payment gateway must support multiple currencies. www.sanderson.com
  • 12. How do the handling fees work? Every payment processed online attracts a standard handling fee, usually based on the value of the transaction. www.sanderson.com
  • 13. How do the handling fees work? Every payment processed online attracts a standard handling fee, usually based on the value of the transaction. However there are additional charges for different payment cards, currency exchange rates and other variables specific to the payment provider. You must fully understand the cost implications of any charges, including international estimated sales volumes before committing your multi-channel ecommerce operations to any gateway. www.sanderson.com
  • 14. Is there any mobile integration? The growth of mCommerce is increasingly important, particularly for retailers looking to gain a competitive advantage. www.sanderson.com
  • 15. Is there any mobile integration? The growth of mCommerce is increasingly important, particularly for retailers looking to gain a competitive advantage. Your ideal payment gateway will therefore provide simple mobile integration, extending the potential of your multi-channel ecommerce operations. www.sanderson.com
  • 16. The m-commerce market is expected to account for 24.4% of overall e-commerce revenues by the end of 2017. ABI Research www.sanderson.com
  • 17. The right payment platform for your business will depend on your specific multi-channel ecommerce offerings. However it will undoubtedly meet these five requirements. www.sanderson.com
  • 18. Download our free eGuide The death of the high street? Download Now! www.sanderson.com