Which payment processor is

the best?

We cannot provide an opinion on which payment processor is the best. Choosing a payment processor depends on several factors such as:

1. Pricing: Pay attention to the cost of the Authorization request fee and Transaction clearing fee, usually, payment processors charge a few cents per transaction, so a key factor that affects the price will be the number of transactions per month that the acquirer plans to process through the processor.
2. Setup costs: Since the process of integration with the processor takes about 2 months, it requires large managerial and IT resources. Usually, integrating between acquirer and payment processor costs a couple of tens of thousands.
3. Hidden fees: Take a good look at the offer from the processor, and find out if there are any hidden costs. For example, the payment processor TechnoBridge has only one-time set-up costs and charges fees for one transaction – authorization request fee, and transaction clearing fee.
4. Make sure that the processor is on the list of card network partners whose cards you plan to serve as an acquirer and make certain that processor is PCI DSS Level 1, PSD2, and GDPR compliant.
5. Find out what fault-tolerant rate the processor undertakes to provide. A good fault-tolerant rate is 98%–99.99%.
6. Refine if there is a queue for integration and what is the approximate time frame for integration.
7. For three-sided integration between the acquirer, the processor, and the card network, the acquirer will need to implement the project in the card system. If you have never done this, it might be difficult. In this case, it is better to order a service from the processor called project implementation consulting in the card network. The service involves the assistance of experienced professionals in the management of the implementation project with the card network.

If this article was useful and answered your questions, as well as if you're a merchant acquirer and you are going to find a payment processor and implement the project in the card network, we advise you to contact TechnoBridge for the consult and potential cooperation offer.