The payment processing companies are a critical third-party service provider for e-commerce businesses and merchants accepting cards. They enable faster and secure online payments. The best processors work completely unnoticed by the cardholders and card acceptors alike. When choosing a company for online card processing in Lesotho, there’s three main points to be kept in mind:
The Expertise and Experience:
This should be assessed more specifically. Ideally, you should lay your trust on a processing company having years of experience in payment services delivery. Additionally, the company should possess deep expertise in processing of e-commerce transactions and encryption procedures. For fraud protection, look for the features like card security codes, Visa-verified, fraud scoring, Address Verification, and MasterCard SecureCode.
Compliance with the PCI and DSS Requirements:
The compliance with PCI or Payment Card Industry standards is mandatory for every card acceptor. These standards ensure that the service provider remains in a consistent compliance with the changes occurring in the industry. Also, check the compliance with DSS or Data Security Standards for protecting the sensitive customer information on this platform.
Clear Terms and Conditions:
It is important to clearly understand the contract provisions for choosing the best provider for online card processing in Lesotho. Examine the clauses related to duration and conditions of holding the funds, liability for fraud transactions, and Chargeback management.
These are the areas where a company should hold strong expertise to become your online card processing partner. Enquire now, to find out how PayGate can assist you and your business online.