Interested in finding a new payment service provider for your online business? Maybe you’ve started comparison shopping but it got too time-consuming. Or you haven’t started at all, because the process seems about as pleasant as chewing on nails. Or, perhaps you’re honing in on a vendor, and are almost ready to close the deal, but something is holding you back.Interested in finding a new payment service provider for your online business? We’ve got a resource that can help you make this important decision more quickly and confidently—and you’ll want to check it out before you go any further. Click To Tweet
If you’re in any of these situations (or just looking for a way to evaluate your current online payment service provider’s performance), we’ve got a resource that can help you make this important decision more quickly and confidently. It’s our new Evaluating Payment Vendors workbook—and you’ll want to check it out before you go any further.
The Only Resource You Need To Evaluate Payment Service Providers
If you’re like most eCommerce merchants, your mission is to partner with one payment provider that has everything you need to maximize sales. That includes:
- Global payment processing
- Extensive payment types
- Feature-rich technology (for subscriptions, reporting, etc.)
- Advanced fraud prevention and chargeback management
- Fair pricing
- High-quality support
Yet, as you’ve probably discovered, none of these components is very straightforward. What does “global payment processing” really mean? What type of fraud prevention is enough? What’s involved in pricing beyond transaction fees and percentages?
Our workbook, Evaluating Payment Vendors, cuts through all the jargon. It lists, in detail, all the features your business needs to optimize payments, breaking down the requirements of global processing, for example, and specific subscription functionality, among other things. It also includes a fee comparison section to help you determine where you’ll get the best pricing.
And it’s designed to make multi-vendor comparisons easy, with columns and checkboxes to keep track of which payment providers offer what. All you have to do is find out which features your prospective payment providers offer—and which ones they don’t. By the time the workbook is complete, you’ll not only have a full picture of what a top-notch payment solution should look like when all the boxes are checked, but you’ll also be able to easily see where some providers fall short.
|TIP: While much of the information for the workbook can be found on providers’ websites, it’s important to talk with someone at each vendor, too. You can use our checklist to guide your conversation and dig for details in some of the workbook areas (like pricing and support, for example); you can also ask pointed questions about your specific business needs. You’ll come away with everything you need to complete your evaluation—and probably a very good sense of how each vendor stacks up against the competition.|
And one more thing: If you’ve ever suspected your current payment service provider isn’t up to par, our payments workbook will help you know for sure. It includes a success rate calculator that, with some basic inputs from you, tells how much money you may be losing monthly due to failed transactions. There’s just no better way to evaluate performance than translating your suspicions into dollars and cents.