Payment Gateway

Selecting a Payment Gateway

Written by: Institute of Certified Bookkeepers

At some point, any small business owner that wants to set up and manage their own online payments would have to select a payment gateway. However, many small business owners do not know what a payment gateway is or why they need one. It can be complicated and overwhelming when looking at the number of solutions available online and a small business can find it difficult to determine the most important factors to look out for when selecting a payment gateway solution.

What is a Payment Gateway?

A payment gateway is an e-commerce service that processes, authenticates, and accepts or declines credit card transactions on a merchant’s behalf through secure Internet connection.

When making a decision about which payment gateway to use, some questions to guide you in the decision making process include:

  • How much does the service cost?
  • How secure is the service? Is the payment gateway available for online store owners in Australia?
  • What types of payments will be accepted?
  • Does the payment gateway require a merchant account?
  • Does the gateway offer software integration with accounting program?
  • Is the gateway service easy for customers to use?

No two payment gateways are the same, and each one comes with its own set of pros and cons. Features will vary depending on the type of business and location.

Chargebee have developed a comprehensive tool to help small business compare and choose the best payment gateway for online business, specific to location.

For more information: Chargebee – Payment Gateway Providers in Australia

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Accountability BAS and Bookkeeping Services provide professional bookkeeping and BAS services to businesses in most Australian states.

What our clients say about us…

“I had the pleasure of being introduced to ABBS through Jo Bacon the WA representative. The professional service.  I have received has been so essential in assisting me with my new business, I am so grateful for the expertise, professionalism and excellent customer service I have experienced.” Marion B

“Thanks to Steve Cocks from ABBS we managed to get all the books up to date and in no time, … and that took the weight off my shoulders so I could focus on developing my business and moving forward in a more organized and structured way, keeping on top of things every month which makes life much easier.”  Elisabeth G

“As an ex-bookkeeper, I’m pretty fussy about how I like things done and I’ve found Caran from ABBS to be a pleasure to work with. She’s competent and efficient and now that I have her helping me with the bookkeeping for my business, I wouldn’t be without her.”  Sandy T

    “As a sole director of a regional law firm,  I’m very conscious of the need to have the proper business support, particularly in the areas of bookkeeping and trust accounting. Since I outsourced those components of my business to ABBS, I feel as if these vital components of my business are in expert hands and I can relax knowing that it is all being done properly , efficiently and legally.  Rob’s expertise with running a business including his insight with managing employees, his ready availability for a discussion at any time on any business matter, his advice and support, have been absolutely invaluable to CastleGate Law.  In addition, Janice from ABBS looks after my trust accounting through Leap with equal efficiency and expertise – she and Rob make a great team for any law firm.  Not only do I feel like I’m sharing the considerable burden of running a law firm, but I feel like in Rob I have someone on my side as a business owner, because of his implicit understanding of business matters, his encouragement and support. For all these reasons I cannot recommend ABBS highly enough as additions to any law firm or business partner. ”  Kate R

If you would like a brief chat or schedule an online meeting, then call me on:

1300 0 ABBS 0

(1300 022 270)

If you would like to get an instant quote:

To be able to provide you with a relatively accurate quote, we will need you to provide some core information that is used for this purpose only.

We suggest you have the bank statements or closely estimate the number of transactions on all business bank accounts and credit cards for the last three months.

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