Friday, May 31, 2019

Do I have multiple payment gateways for my e-commerce website, if so why?

Yes, it is possible to have multiple payment gateways for any e-commerce based website. It will help your customer with the multiple payment options of their choice and make their shopping easier. The biggest advantage of having multiple payment gateways is backing up your data. As you backup your e-commerce transactions, similarly it is important to backup payment information of the customers. And using two payment gateway will allow you to keep your customer's debit and credit card information. On the other hand, at the time when your primary gateway is under duress and completely down, this secondary gateway can overcome the failure of the primary payment gateway.

By using a multiple gateway definitely, you are providing a multiple choice to your customers. Multiple payment gateways can be useful to divide the payment process as per the different types of customers based on demographics, globalization, currency, etc. affecting the economics and sales rate. While your business expands internationally, it becomes evident to have more than one gateway as you are now dealing with varied types of currencies and locations affecting economy and globalization. Selling products and services globally means you are going to interact with foreign banks, currencies, and languages. And payment gateways vary from region or country. So in case if your primary gateways do not support these features you can opt the secondary one. Using two payment gateways will depict your business sense either your business expanding nationally or internationally. It provides flexibility and independence. There are many payment gateways which are limited in the features and functions, in this case, multiple payment gateways can be an advantage for you. So, there are many reasons available with flexibility and freedom that will make you to move on or not to move on for more than one payment gateways.

This is something which is completely related to your business sense and the need for business. Along with the features which you have opted in the primary payment gateways, which help you to opt for a secondary payment gateway. At the very least I would recommend, it is just a good sense of reducing the risk of losing benefits by opting multiple payment gateways if in case your primary gateway is down. And also facilitate a good deal to your customers by providing them two options to make their payment happily for you.

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