How to Find the Right Credit Card Payment Gateway

August 30, 2019 | High Risk Merchant Account | PayKings

Credit card payment gateway providers tend to offer similar services, therefore it’s often like comparing apples to apples when deciding between one over another.

If you’re a business owner and plan to accept debit and credit card payments, whether it’s in-person or online, you’ll need a payment gateway provider that can satisfy your company’s unique merchant needs.

Although you will need to pay some costs and ongoing fees, the ability to take any form of debit and credit card payment, along with cash, increases your day-to-day earnings considerably and boosts the overall gains of your business.

Additionally, being able to accept any payment method will also help to expand your customer base, especially to those who are more likely to purchase online, which will only keep your customer base growing as consumers learn that they can trust your business for their shopping needs.

For you as a business owner, this means that picking the right payment processing provider is ultimately key to the longevity and success of your business as a whole.

So the real question is: how can you find the ideal credit card payment processing provider? We’re glad you asked…


Depending upon your high risk merchant account supplier, you might be subject to a variety of fees and costs from the payment processing side of things in regards to the obligations of your business. Some of the main credit card fees include:

  • Interchange charges: these charges are the costliest in that each transaction you process has a small fee
  • Monthly fees: these charges vary from monthly bills to minimum processing collection per month
  • Startup and termination fees: you might be charged a fee simply for applying to set up a specific service within your business and for premature termination of your contract

Based on your credit card payment processing provider, there may be quite a few credit card processing fees, therefore it’s important to understand all the fees and service terms.

A respectable company will be able to answer any questions or concerns you have, however, if they can’t supply you with a comprehensive explanation of what you’re paying for, then it may be time to proceed to another payment processing provider.


It is common knowledge that a trusted payment processor can help grow your business, and a large part of the finding a reliable company to work with boils down to keeping up to date with current methods of credit card payment processing.

Accepting all major debit and credit cards can seem like a no-brainer, as you would never want to turn away any clients due to not accepting their form of payment, especially if you are in the retail business.

Because of higher costs and fees, it may be in your best interest to stay away from certain card types, but on the flip side, the prices change per credit card. In addition, you may also need a system that allows you to accept prepaid gift cards, based on the kind of business you operate.


Near-field communication (NFC) technology has come to be almost universal among credit card consumers because the simplicity and convenience of “tap” technology are unmatched. Nevertheless, merchant card and payment processing solutions need to evolve to match the new developments in payment options, including digital wallet systems such as Android Pay and Apple Pay.


Hiring a payment processor that provides 24/7 customer service help is a great way to protect yourself. It may really be worth spending a little more in fees to steer clear of confusing service fees and not being able to reach a live person in times of need. Even if this type of service isn’t included in their basic strategies.

Ultimately, there are an array of factors to consider before choosing a payment gateway that suits the unique needs of your business and lots of credit card payment gateway providers may make promises without the follow through you expect, so be aware of that.

Some payment processors can and will hurt your business by providing poor service and slapping you with unnecessary fees and charges, while the right merchant service company, like PayKings, can help your company further develop and grow. That’s why it’s important to go with the right credit card payment processing supplier and really make an educated decision.

August 30, 2019 | High Risk Merchant Account | PayKings