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Making a Payment Service Provider Decision

PT Unified Trade is an international payment and clearing solutions company. We specialize in multi-currency transactions for the insurance, travel and financial industries, and work with both online and bricks-and-mortar clients

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Making a Payment Service Provider Decision

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  1. PT UNIFIED TRADE REVIEW OCTOBER 17 Pt Unified Trade Review 1

  2. Making a Payment Service Provider Decision The most common form of online payment, credit cards, must be accepted if you want to start an online retail shop. You will need to either choose a third party payment processor or have your own merchant account to execute this. The latter choice is frequently chosen by online merchants because it offers conveniences and ease when collecting payments from customers. Here are some considerations to make when choosing a payment service provider pt unified trade review. Membership Fees Do they charge a setup or enrollment fee? Some businesses want it up advance, but others do not. Transfer Charges Every transaction conducted on your site is subject to a specific fee from the majority of payment service providers, if not all of them. It is typically a percentage of the overall cost of the purchase, and depending on the provider, it can be anything between 2% and 20%. Added Charges Make sure you are completely informed of any additional costs, such as chargeback fees, before you sign a contract with a provider. Worldwide Payments Make that the payment service provider accepts international payments made in local currencies of the countries you are servicing. While some sites exclusively take payments from 2

  3. Americans, others only accept payments from a certain group of nations pt unified trade review. Make sure you select a company that satisfies your needs since some offer services with no limits at all. Getting Payouts Find out whether your payments will be transferred by postal check, ACH transfer, or even real-time bank transfer from the payment source pt unified trade review. Consumer Assistance Once you're up and running, you'll undoubtedly need some assistance, so find out what customer care channels the company has. Is there a phone number for customer service? Are all questions immediately and within 24 hours answered? Payment Amount You want to take into account how frequently the payment provider sends payments. Some will ship it right away when a buyer pays. Some people pay on a weekly or even monthly basis. 3

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