When starting an online business, one of the first things you need to do is set up a payment gateway. This is the system through which customers will pay for your products or services. This article will discuss what you need to consider when choosing a payment gateway.

Risk Management 

The system you choose must be able to handle unfortunate events in the best way possible. Choosing a high risk payment gateway will pay off if you ever experience fraud or other issues. These kinds of payment processors are experienced in risk management and will take on the responsibility of chargebacks, fraud, and other risks. They’re also used to working with businesses in high-risk industries.

This is important because you don’t want your payment gateway to be surprised by the amount of risk your business is taking on. For example, if you’re selling high-end jewelry, you’ll want to make sure your payment gateway is aware of the risk involved in each transaction.

Types Of Cards Allowed

There are lots of different types of credit cards that can be used for payments. These are the following:

  • Visa
  • MasterCard
  • American Express
  • Discover
  • Diners Club
  • JCB
  • Carte Blanche

It’s important to allow multiple types of credit cards on your website in order to make it convenient for customers. You’ll want to consider which types of cards are most popular in your target market. For example, American Express is more popular in the United States while Discover is not as widely accepted internationally.

This will give you an advantage over your competitors if you are able to accept the types of cards that they don’t. It’s also important to keep in mind that some customers may only have a specific type of credit card. 

Billing Methods 

Billing methods are another important factor to consider when choosing a payment gateway. This represents how your customers will be charged for the products or services they purchase from you. The most common billing methods are one-time charges, recurring charges, and subscription-based billing.

One-time charges are just that. Customers are charged a one-time fee for the product or service they purchased. Recurring charges, on the other hand, are the ones that occur on a regular basis, such as monthly or yearly fees. Subscription-based billing is when customers are charged on a regular basis for access to a service, such as a website or software program.


Information security is one of the most important aspects an online business owner should consider when choosing a payment gateway. A payment gateway that does not take security seriously could put your business and customers at risk.

For example, if a payment gateway does not use SSL (Secure Sockets Layer) encryption, then your customers’ personal and financial information could be vulnerable to hackers.

Make sure to do your research and choose a payment gateway that puts security first. Your customers will thank you for it!

Payment gateways are essential for a modern online business, so make sure to find one that can handle high risks. See what cards are allowed on it and what billing methods you can use. Finally, make sure the gateway is completely secured so that no intruders can steal information or money!