Due team says, “When it comes to choosing the right payments platform for your business, you better do your research. Every business has different payment needs. Whether it’s cross-border payments or recurring billing, there is definitely a payment solution that best fits your business. If you’re in search for a solution, here are eight tips for business owners looking for the right platform.

1. Be aware of fee structure 

Fee structures for payments platforms vary quite a bit across the industry. At the end of the day, you want to maximize your cash flow. That being said, picking the right fee structure is one of the most important aspects of choosing the right platform.

First off, you should be aware of the various types of fees that are most common:

  • Transactional fees: These are fees assessed every time you run a transaction. The industry standard is 2.9 percent plus $0.30 per transaction”.

8 Tips to Help You Find the Right Payment Platform for Your Business

Entrepreneur

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