WHAT TO CONSIDER WHEN CHOOSING A PAYMENT GATEWAY FOR AFRICA
I can’t emphasize how important it is to chose a good payment gateway for your online store from day one. These days, it’s easier than ever before to sign up for a payment gateway which also means you need to make sure you’re not signing up with the wrong one. There are a lot of payment gateways, locally and internationally, out there so I’ll be helping you understand how to choose a payment gateway in Africa.
It’s one thing having a reliable eCommerce platform that is able to handle a large amount of traffic but if your payment gateway can’t handle the amount of people that get sent to it, you’re going to bleed sales which could potentially hurt your bottom line.Look at some of the online stores that use the payment gateway you’re interested in to see if they have a good reputation for handling transactions at scale.
Fraud is a very hot topic in Africa especially with so many issues such as card skimming. The risk of this is heightened online as you don’t physically do a transaction at a location.
Dusupay as a Gateway has substantial fraud protection and uses a series of algorithms to check if a transaction is potentially fraudulent. On top of that, a requirement for a service known as 3D Secure was set..
Methods available for Collections
When it comes to actually making payment, every person has their preference with how they like to pay. Understanding how your audience would like to pay is a vital part of choosing a payment gateway – doing research into their payment behaviours will help you understand this. To list just a few of the different payment methods offered dusupay available in Africa:
When choosing a payment gateway, having one that could cover a range of methods makes integration a breeze and also means you give more options for customers to choose from.
This is probably the feature that will affect your bottom line the most. Pretty much every payment gateway in Africa has a different fee arrangement depending on the services they offer and how aggressively they want your business. Some payment gateways will take a percentage whilst some will take a percentage on top of a flat rate. There are also a number of payment gateways that charge a monthly account fee.You really need to decide if what they offer is worth the fees they are
Sometimes your business needs to pay out. Take an example a driver app may need to pay out drivers for their services. When choosing an payment gateway, choose one that enables you seamlessly pay out when you need to do so.