Financial Solutions

How do you find the right Payment Service Provider for your web shop?

Six tips to help online retailers choose the right provider

One partner, one contract - for many companies this is the crucial reason for using a Payment Service Provider (PSP). Instead of bringing on board multiple service providers, most retailers and manufacturers trust one Payment Service Provider for the processing of payments.

The reason why companies are choosing to do this sounds logical: because customers today expect to be able to pay by direct debit, credit card, PayPal and on account, retailers have no other choice but to offer the corresponding range of payment methods at the checkout. And because a PSP assures the link to all payment methods, it is quite simply the most convenient solution.

When searching for a partner for the processing of payments, companies are spoilt for choice. So who is the right service provider for you the online retailer? Read our Business Insights Report to find out which questions you should be asking during your search and get some useful tips from industry experts, who in interviews with Arvato Financial Solutions revealed what online retailers should look out for when choosing an external payment partner and at what stage.

WHO WE ARE

Part of Arvato Bertelsmann, Arvato Financial Solutions is Europe's third-largest integrated financial service provider. With cutting-edge solutions covering everything from risk assessment, payments and invoicing to debt collection and management, we make every transaction more convenient for you and your customers.