Why payment gateway comparison is vital as turnover increases

Why payment gateway comparison is vital as turnover increases

When first launching an e-commerce website, it is difficult to make an accurate projection of your future online turnover. This can make it tough to compare payment gateway providers, and to negotiate the best transaction costs for your business.

Initially, your profits will see an uplift due to the extra revenue stream, but high payment gateway charges could damage your takings. Whether you are on a percentage-based rate or fixed fee per transaction, you could be paying too much for online payment processing.

If you’ve started seeing increases in your e-commerce turnover, it’s vital that you carry out a payment gateway comparison to see if your business could save money.

Parkitt Racing were shocked by the results of their payment gateway comparisonOnline motorcycle store, Parkitt Racing, were shocked by the results of their payment gateway comparison. Just by switching to Handepay, they saved 41% when taking payments online.

“We were in the process of restructuring the business, trying to cut costs wherever possible. Our Handepay advisor saved us money on our card terminal costs, so we were pleased to discover that we could also submit our payment gateway statements to take part in the Price Challenge.

Other companies had tried to beat our payment gateway costs before and only made minimal savings. I was shocked when our advisor told us that we could save £98 per month by switching to Handepay!”

Handepay offer simple and cost-effective payment gateways and virtual terminals. With packages started from as little as £9.99 per month, you could make huge savings by switching.

What’s more, you can even submit your payment gateway statements to take part in the Handepay Price Challenge. We’re so confident in our pricing, if we can’t save you money we’ll give you £1,000!

Find out more about our payment gateway costs and see how much your business could save by talking to one of our friendly advisors today!