What Should Be Considered When Choosing
a Payment Service Provider?

Choosing a payment services provider, which can be considered the heart of e-commerce, can greatly affect your revenues and customer experience.

The payment stage is where you get all your efforts and money for your e-commerce site. Difficulties and problems faced by customers who find the product they are looking for at the payment stage constitute one of the biggest obstacles to transformation. It is critical that you work with a good payment services provider to ensure your efforts are not wasted and our e-commerce venture is successful.

To ensure that your customers can pay easily and securely, you need a good payment services provider. We have written down the factors we believe you should pay attention to when choosing your new business partner:

Has the technology been created in-house?

Whether your payment services provider has developed the technologies it offers is an important issue. While some technology providers may give the impression of owning their own software, they actually only offer repackaged, ready-to-use solutions. As a result, it is important to know if your potential partner is in-house developers, engineers, and technologists, rather than outsourcing to create their products. This will ensure that they are close to the product, that everything is of high quality, up-to-date, and can be tailored to your business needs.

PayTR provides the payment security of both stores (websites) and store customers with its advanced Virtual POS service and personnel with more than 10 years of experience in the field of security. Thus, store owners using PayTR Virtual POS are always safe from fraud, while focusing only on their own business.

Is it flexible enough and scalable?

Basically, can your partner adapt to your business specific requirements and support your growth? Payment service providers need to have scalable, comprehensive and modular services that will enable businesses to be more resilient to change while reducing costs and increasing speed to market. It is important that the programming code of the payment service you receive is isolated and suitable for situations where you can add a new service or a function. PayTR allows you to start receiving payments immediately by integrating open source modules with Virtual POS and additional payment channels easily.

Does it have the right connections?

The fact that the payment service you prefer supports the most popular payment tools is a factor that directly affects the success of your business. Make sure your payment processor has at least the connections like Mastercard and Visa. If you are going to sell abroad, you must also be able to accept payment instruments and currencies in other countries.

With the PayTR system, you can receive payments from foreign cards in EUR, USD, GBP and similar currencies without experiencing currency conversion losses, and you can serve your foreign customers with English payment pages.

Are the data and service safe?

Where is your provider's technology hosted? Is your data safe? Will you experience interruptions in payment services? Consumers can accept system maintenance at a convenient time, but interruptions in shopping time are unacceptable today. This results in unhappy customers and negative PR.

Look for technology providers with high levels of security, fully redundant data centers directly connected to schemas, and multiple levels of failover. As part of your investment, it's important to ask if there's 24/7 support if something goes wrong, and real-time monitoring and reporting for your infrastructure.

PayTR minimizes the fraud-related losses of web stores with the payment systems and control mechanisms it has developed and optimized in-house. PayTR provides services with its redundant infrastructure located in two geographically different locations in order to ensure the continuity of services and the security of information. In this way, critical payment transactions of member merchants using PayTR are not interrupted, and no financial or prestige losses occur.

Does it offer PCI compatibility?

Some payment technology companies cannot provide you with regulatory compliance, which means you have to overcome these difficult hurdles on your own. The best payment providers offer PCI compliance. Instead of adding more lines to your to-do list, look for a payment partner who can help you in this area. With its SSL certified payment page and PCI-DSS compliance, PayTR has taken all necessary measures for your customers to make payments in a secure environment. Thus, PayTR reduces your customers' concerns when making payments and increases your payment conversion rate.

PayTR Virtual POS and payment solutions are not just a payment / collection tool. At the same time, PayTR provides both the payment security of the stores and the card security of the store customers with its advanced PCI DSS compliant technical infrastructure and experienced staff. Thus, store (website) owners using PayTR have to create security infrastructure or spend for additional staff.