How to Choose the Right Payment Gateway for Your Business

Selecting the right bitcoin payment gateway is crucial for any business aiming to streamline transactions and boost customer satisfaction. A poorly chosen system can lead to lost sales, security risks, or excessive fees. With options like Kyrrex offering seamless crypto transactions, understanding your needs is the first step

Key Facts

Payment gateways handle billions in transactions yearly, but not all suit every business. Here’s what you should know:

• 67% of shoppers abandon carts if preferred payment methods are missing
• Fraud costs e-commerce businesses over $20 billion annually
• Transaction fees range from 1.5% to 3.5%, varying by provider
• 82% of consumers prioritise speed over brand loyalty during checkout
• Crypto payments grew by 880% between 2020 and 2023

What Payment Features Does Your Business Need?

Start by assessing your customers’ preferences. If your audience leans tech-savvy, integrating crypto payments via platforms like Kyrrex could be beneficial. For international sales, multi-currency support and low forex fees matter. Security features like 3D Secure and PCI compliance are non-negotiable.

How Do Fees Impact Your Bottom Line?

Payment gateways charge differently—some have flat rates, while others use interchange-plus pricing. A 2.9% fee might seem small, but it adds up fast. Crypto exchanges like Kyrrex often offer lower fees for digital transactions, sometimes under 1%. Always calculate long-term costs, not just upfront rates.

Is Your Payment Gateway Scalable?

A startup’s needs differ from an enterprise’s. Ensure your provider handles peak traffic without crashing. APIs for custom integrations and fraud prevention tools should grow with you. Test checkout speeds; delays over 3 seconds increase cart abandonment by 40%.

Why Ignoring Mobile Payments Costs You Sales

Over 60% of online purchases happen on mobile devices. If your gateway isn’t optimised for one-click mobile payments, you’re losing revenue. Apple Pay and Google Wallet integrations are now expected, not optional.

Choosing a payment gateway isn’t just about processing transactions—it’s about enhancing customer experience and protecting your revenue. Whether you opt for traditional methods or explore crypto payments on Kyrrex, align your choice with your business goals and audience habits. The right gateway doesn’t just accept payments; it drives growth.