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You also have to manually reconcile payments with accounting, inventory, or customer relationship management (CRM) systems. Additionally, ensure the processor works well with other business tools like CRM, enterprise resource planning (ERP), and accounting software. Coststructure All payment gateway providers charge transaction fees.
In addition to keeping up with emerging trends, its also important to consider key factors like coststructures and integration capabilities when choosing your payment gateway. These integrations can include accounting, enterprise resource planning (ERP), customer relationship management (CRM), eCommerce platforms , and more.
This approach helps simplify merchants’ coststructures and can be advantageous if customers are comfortable with the pricing strategy. Look for PCIDSS-compliant services, as this is the industry standard for credit card security.
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