Credit Card Payment South Africa
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Every credit card payment in South Africa is processed via a facility called payment gateway. The most well-known payment gateway in the world, PayPal, is not available in South Africa due to some forex restrictions. Though South African business establishments are eagerly waiting for PayPal to arrive someday, there are other companies that offer payment facilities. A payment gateway allows you to conduct a credit card transaction from a website. Payment gateways are most commonly used by ecommerce websites.[br]
Credit Card Payment South Africa: What to Look for
Availability of a merchant account: A merchant account is more likely to be available with clients who have a certain income processed in a month, and the criteria for it varies among banks. There are certain gateways available to businesses without merchant accounts – like small business owners, small transactional websites and start up businesses.
Payment structure: Each payment gateway has its own fee/payment structure. Most opt for a monthly fee and take a percentage per transaction. So, opt for a gateway that suits your business budget and needs.
Payment processing: It is essential to know how much money is held by the payment gateway before it is transferred to your account. In addition, check for protection against fraud that can potentially threaten your business. Be sure to do a due diligence on the security aspects of the system.[br]
Secure Sockets Layer (SSL): Most payment gateways integrate SSL features and purchasers have to capture their credit card information on the gateway. SSL is identified by https:// in the website address bar and a certificate which is usually displayed at the bottom of the browser. This ensures that consumers feel safe when they want to purchase online in a secured and safe manner.
Acceptance of credit cards: It is advisable to make sure that the cards accepted by the payment gateway are the ones you think are the most used. For example, if you want to target consumers in the US, you will ensure to integrate a gateway that is American Express friendly. Other examples include Visa and MasterCard cards.
Find out more about South Africa Credit Card Payment.
