Nov 6 2014
Electronic payment processors and systems are great – they allow for increased versatility, quicker payment processing, and ubiquitous accessibility. However, keep in mind that each online payment processor is different! Consumer Reports suggests that you “…be aware of the disparity in loss liability and consumer protections they offer….”
Hidden fees are another aspect that you should be aware of when choosing a payment processor. Many times they won’t make you aware of the fees they charge and you end up finding out after the fact. Carefully study the fine print if you’re planning on using a new payment processor. You should double-check all stated transaction costs as well.
-Check the payment processor’s “about us” page for any additional information as to their policies.
-Read user reviews – if it’s too hard to wade through the fine print, then it’s definitely easier to read about users who have experienced being charged hidden fees. Often, these testimonials are written in plain language and get straight to the point concerning how the hidden fee was charged.
Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete end-to-end payment security solutions designed to significantly reduce the client organization’s risk of having sensitive payment data compromised. If you’d like more information, feel free to contact us today!