What to Look for in a Payment Processor for A Small Business

[Christopher Bennet]

I'm setting up my first online store for my small business and I am trying to choose a payment processor. I feel overwhelmed with how much payment processors there are and I would like to ask for your insights about what I should look out for.

 

[Laura Price]

You should look out for payment processor that are easy to set up, user friendly and don't require long term contracts since you're just starting out.

 

[Megan Hughes]

You should look out for payment processor that are easy to set up, user friendly and don't require long term contracts since you're just starting out.

Payment processors that fit those criteria are Paypal and Stripe. I can vouch for these two.

 

[Christopher Bennet]

How important is transaction fee transparency?

 

[Laura Price]

That's one of the biggest things you should look out for. Hidden fees can eat into your profits so always check for those additional costs