That said, you don’t have to go through a payment processor to set up a payment gateway.Īfter setting up an account for you, the payment processor can give you the information you need to integrate the payment gateway into your website or app. One of those tools is a payment gateway, which can be embedded on a website or app to capture and verify payment information. Payment processors are a good fit for businesses starting to accept online payments because they offer out-of-the-box tools to help you quickly add payment capabilities to a website or app. Business license, permits and other documents required based on your location or the company you work with.An idea of how many transactions you’ll process every month.Type of business (e.g., sole proprietor, LLC) information.Your basic business information, such as the address, contact details and website URL.Create an accountĪfter you find the right payment processor and cost plan for you, it’s time to create an account. That way, you’ll have a better idea of all the costs involved. Also, check out any fees you could be on the hook for. Some companies offer high-transaction discounts as well as flat-rate and subscription-based plans. Select a payment processor that meets the needs you identified in the first step. Some of these companies also take payments through: This is a company that handles credit card payments and works with banks to transfer funds from one party to another. Unless you plan to build out your own payment capabilities and apply for a merchant account, you’ll need a payment processor. Do you plan to take digital wallet, cryptocurrency or mobile payments?.Is taking eChecks and ACH payments a requirement for your business?.Do you want to accept debit card payments?.Which credit cards do you want to accept?.How many payments do you take in a month?.Here are some questions to ask yourself first: Determine your needsĪccepting online payments starts with thinking about your business needs. Here are the steps to follow to start accepting online payments. For the purposes of this step-by-step guide, we’ll assume that you already have a business license and a business bank account.
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