Saturday 24 December 2016

5 Tips To Help You Find The Best Payment Platform For Your Business

When it comes to choosing the right payments platform for your business, it is important you do exhaustive research before making a decision. This is because you don’t want any time lapse or delay when customers want to pay for services. Interestingly, there are thousands of payment platforms in Nigeria today that you may be in a limbo on which to choose. Not to worry, we share some tips.

Be aware of transactional fee
This is one of the most important things you must consider before choosing a payment platform. This is because you don’t want your customers complaining about the transactional fee for patronizing you. If the fee is outrageous, be rest assured you will be overwhelmed with complaints and you may lose customers. So, use a platform that offers customers a favorable transactional fee.
Ensure most major payment types are accepted
For e-commerce companies especially, their payment platform must accept all payment types. No customer’s payment should be rejected because their payment type is not available. They will go to others business that where their payment type is accepted.
Hack proof
This is money we are talking about. You don’t want your customers to lose their hard earned cash. So, any payment platform you want to choose must be hack proof and very secure.
Make sure the Software is Efficient 
Payment platform offers different kind of experiences based on their technology. So, it must be able to process payment within the snap of your fingers.We urge you not use any platform that takes forever to process.
Inquire About Payment Turnarounds
Business owners want to see monies hit their accounts as soon as a transaction is performed on their website. So, the quicker you receive the money, the faster transactions are processed and vice-versa. Also, know that the turnaround time varies between payment services. 

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