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How To Choose The Right Credit Card Processing Company?

Card payments processing is a complex service involving advanced and emerging technologies, payment networks, regulatory bodies, and financial institutions.

When evaluating potential credit card processors, these are four critical areas where the quality of payment processing matters most to your business:


  • Can I rely on security and fraud prevention?
  • What are the accepted payment types?
  • How easy will be the integration of a credit card processor with my business?
  • How much are their fees and other costs?
  • Can I rely on the processor’s customer service?

At Guavapay Limited we can help to reduce the risk and offer you a consistent processing center for rapid and flawless payments processing without any disruption for clients. Guavapay is a multifunction platform with endless service opportunities for businesses.  

From an initial review through to providing a full program test management capability, Guavapay helps its clients to get a seamless integration program, with market-leading functionality to minimize any customer disruption.


  • Can I rely on security and fraud prevention?

Security and fraud prevention is the keystone of successful credit card processing. One of the main conditions of credit card processing security is its compliance with PCI DSS standards. The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements intended to ensure that all companies that process, store, or transmit credit card information maintain a secure environment.

 Guavapay is a high-tech company with the strongest security level that prevents all possible external interference due to the multilevel security hierarchy that makes all presumably suspicious entries and other frauds impossible.  Guavapay is in compliance with the PCI DSS, PCI PIN Security, and PCI 3DS requirements and undergoes the necessary audits annually.

To protect online payments processes Guavapay implements 3D Secure V2, Fraud Monitoring, tokenization are the measures that provide the highest level of security to assure the customers in its reliability and confidentiality and take vigilant actions to keep data safe. 

 

  • What are the accepted payment types?

Before choosing the card payment processor, make sure it accepts all major credit and debit card payments, depending on the type of your business.  If you run a retail business, make sure your provider is offering you solutions and tools to accept payments online( payment gateway), in-store (POS), and on-the-go (m-POS). It can provide you simple POS credit card terminals to the latest in app-based payment Mobile POS terminals - everything that makes you run your business faster. As for Guavapay, it provides full assistance on the hardware and software solutions that best meet their business requirements and guarantees compatibility and compliance with payment by accepting frictionless payments with the best in class POS and Mobile POS to facilitate business and provide solid customer services.

If you run an E-commerce, make sure your processor is compatible with the latest payment technologies, such as digital wallets, so customers can make a purchase via their smartphones. For example, Guavapay supports WeChat Pay,  PayPal,  Alipay, Mastercard, UnionPay International payment methods

Guavapay has comprehensive payment functionalities that fully support smart cards, magnetic stripe cards, and contactless cards, as well as cards of  MasterCard, UnionPay International, and VISA, payments systems. The instruments present a vast suite of services aimed at agility, speed, and convenience. 


  • How much are their fees and other costs?

Credit card processing companies provide different fee structures depending on the type of business, transaction volume, total spend, security measures, and other factors. There are different types of interchange fees applied:

Interchange fees - they refer to a fee charged for every transaction you process, and it’s paid by the payment processor to the card-issuing bank. Monthly statement fees are charged by a card processor for monthly statements. A monthly minimum fee refers to a minimum amount in fees the processing company must collect in any one month.  In addition, fee structures vary based on whether you’re processing transactions in-person (card present) or online (card not present), because in card-not-present transactions an additional fee may be applied as a result of security measure. 

  • How easy will be the integration of a credit card processor with my business?

Find out how the credit card processing company matches your expectations about the fast and frictionless setup and integration. Learn the details of integration. For example, Guavapay provides its clients with a set of solutions for flexible and flawless integration. 

 Guavapay Integration Platform (GIP) is a set of services and technologies aimed at easy and comfortable integration and on the extension of module functionalities. With the help of GIP and API Management System (WSO2) in a sandbox environment corporate clients get the opportunity to integrate their own systems. The main aim is to provide the flexible integration of Guavapay modules with external systems.


  • Can I rely on the processor’s customer service?

Guavapay’s team is 24/7 available for support and additional questions. A high-qualified team by Guavapay will implement the integration in the fastest way dynamically configuring solutions with unparalleled agility and performance. In case of additional problems and issues occur, Guavapay’s team is always ready to provide comprehensive support and help you to solve problems.  


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