About Payment Gateway

[fifteeple]

Which is the Best Card processing Payment gateway provider in Europe? If Anyone have any suggestion please tell me.

 

[girginos]

What's your business? If it's legal, I can make a suggestion.

 

[Jame Amery12]

Please share more details like
Monthly volume
Chargeback
Industry
So we can guide you better

 

[OtmaneRj]

I have used Mollie and Stripe with some of my clients, and both are excellent

 

[timpual]

There are many please share your industry and monthly volume

 

[EnlightenedVessel]

First we'll need to know what niche you're operating in, the products you are selling being legal or not also play a big part in determining which payment solution to take.
For a legal business, Stripe, PayPal, Mollie, Revolut, 2CheckOut, Square & Ayden are the first ones to come to mind.

If the business you're doing is 'not so legal', then you can still use most of the well known providers, but you will need to do payment cloaking.
Otherwise you will need to resort to things such as Crypto, Crypto Vouchers, Gift Cards, Wire Transfer, etc.

 

[frodo92]

First we'll need to know what niche you're operating in, the products you are selling being legal or not also play a big part in determining which payment solution to take.
For a legal business, Stripe, PayPal, Mollie, Revolut, 2CheckOut, Square & Ayden are the first ones to come to mind.

If the business you're doing is 'not so legal', then you can still use most of the well known providers, but you will need to do payment cloaking.
Otherwise you will need to resort to things such as Crypto, Crypto Vouchers, Gift Cards, Wire Transfer, etc.

If you tell your customer to buy a gift card and send it to you, it greatly decreases your conversion rate. You can't really automate that.

 

[EnlightenedVessel]

If you tell your customer to buy a gift card and send it to you, it greatly decreases your conversion rate. You can't really automate that.

Like I said, it's an alternative, I didn't say it's the best one.
Better to do payment cloaking for grey/black niches.

 

[frodo92]

Like I said, it's an alternative, I didn't say it's the best one.
Better to do payment cloaking for grey/black niches.

It depends on the percentage of chargebacks. In general on blackhat niches you have high chargebacks and you get banned by the payment processor.

 

[EnlightenedVessel]

It depends on the percentage of chargebacks. In general on blackhat niches you have high chargebacks and you get banned by the payment processor.

Rotate between payment processors, use multiple accounts and keep an eye on the chargeback rate. It’s annoying but that’s the game to play in those niches. But you’re right, chargeback rates are an issue.

 

[frodo92]

Rotate between payment processors, use multiple accounts and keep an eye on the chargeback rate. It’s annoying but that’s the game to play in those niches. But you’re right, chargeback rates are an issue.

Ok, but even if you use multiple accounts with the same processor, or one account with several different processors, the chargeback percentage is the same.

Out of 100 orders, you still have 10 chargebacks, whether you charge everything on one account or on 10 different accounts, so percentage-wise you still have a 10% chargeback percentage.

Probably the only solution to consider is to offer very good support and refund to anyone who asks, so that the chance of chargeback is decreased.

 

[EnlightenedVessel]

Ok, but even if you use multiple accounts with the same processor, or one account with several different processors, the chargeback percentage is the same.

Out of 100 orders, you still have 10 chargebacks, whether you charge everything on one account or on 10 different accounts, so percentage-wise you still have a 10% chargeback percentage.

Probably the only solution to consider is to offer very good support and refund to anyone who asks, so that the chance of chargeback is decreased.

That depends on your business model, if you’re scaling your business or offering new products/services chargeback % can fluctuate, maybe some outside factors are resulting in higher chargebacks because customers are unhappy, once the issues are resolved the % of chargebacks can drop again. That’s why I still recommend having multiple payment providers and accounts at hand in order to pivot when needed.

Where I operate most people pay using a local payment method specific to the country, makes it very difficult to chargeback for the customer, so for me chargebacks are a very rare occurrence, and are usually mitigated, like you said with good customer service and a swift refund.

 

[frodo92]

That depends on your business model, if you’re scaling your business or offering new products/services chargeback % can fluctuate, maybe some outside factors are resulting in higher chargebacks because customers are unhappy, once the issues are resolved the % of chargebacks can drop again. That’s why I still recommend having multiple payment providers and accounts at hand in order to pivot when needed.

Where I operate most people pay using a local payment method specific to the country, makes it very difficult to chargeback for the customer, so for me chargebacks are a very rare occurrence, and are usually mitigated, like you said with good customer service and a swift refund.

I only sell one product on the site.

 

[timpual]

That depends on your business model, if you’re scaling your business or offering new products/services chargeback % can fluctuate, maybe some outside factors are resulting in higher chargebacks because customers are unhappy, once the issues are resolved the % of chargebacks can drop again. That’s why I still recommend having multiple payment providers and accounts at hand in order to pivot when needed.

Where I operate most people pay using a local payment method specific to the country, makes it very difficult to chargeback for the customer, so for me chargebacks are a very rare occurrence, and are usually mitigated, like you said with good customer service and a swift refund.

agreed with good customer service and swift refund chargeback rate can be kept down.

 

[NeverAsk]

Stripe is considered one of the best card processing payment gateway providers in Europe.

 

[Jame Amery12]

Stripe is considered one of the best card processing payment gateway providers in Europe.

Stripe is considered in all the regions it is available

 

[smmfoxfollow]

First we'll need to know what niche you're operating in, the products you are selling being legal or not also play a big part in determining which payment solution to take.
For a legal business, Stripe, PayPal, Mollie, Revolut, 2CheckOut, Square & Ayden are the first ones to come to mind.

If the business you're doing is 'not so legal', then you can still use most of the well known providers, but you will need to do payment cloaking.
Otherwise you will need to resort to things such as Crypto, Crypto Vouchers, Gift Cards, Wire Transfer, etc.

adyen ask me for sell min 1,000,000$ per month they told me we not work with small busniess

 

[MRDon7]

Except if a miracle happens tomorrow, Stripe and PayPal are still the BEST!

 

[cardrey]

i have stripe verified

 

[pennyweight]

With the amount of info you gave on the Thread you could basically write down that on google and get an answer...