Article 8: Comparing payment service providers

When comparing payment service providers, it is important to take a long-term perspective. Specifically, instead of focusing only on your desired payment method at the current time, you should also consider payment methods which you might implement in the future. Example: Currently, my business only operates a desktop website. However, in the future, we also want to operate a mobile website.

Choosing a payment service which supports the carrier payment method which is selected by many consumers as a mobile payment method will enable you to expand your payment system without incurring losses or missing the right timing. If there is a delay in the payment receipt cycle, there may be a significant effect on supply and cash management. Therefore, it is important to thoroughly confirm payment.

We also recommend selecting a payment service which enables “all management at a single management screen.” One example is the PG Multi-Payment Service offered by our company. It is extremely troublesome if it is necessary to log into a different system for each payment method, or if it is not possible to perform payment processing (changes, cancellation, etc.) at a single management screen.

These functions will significantly increase administrative efficiency. We recommend making a detailed assessment of payment management functions required by your business, and then comparing the functions offered by each payment service provider.

Another important element of E-commerce website operation is the extent to which operating costs can be reduced. Costs such as the following may be incurred when using a payment service.

Other points for comparison include the sold merchandise, security measures, etc. Although many businesses are prone to focusing on costs first, it is important to select a payment service provider which supports the connection method and service installation period.