How to Select a Payment Processor

If you’re shopping for a direct commerce payment processor, you’ll have a bit of homework to do. Following are some tools that can help get the job done quickly and efficiently.

What to Look for

When selecting a payment-processing partner, determine the data-transmission protocols and transmission gateways it accepts and with which it works. For high-volume batch transmissions, bisynchronous communications are preferable to asynchronous; that is, you can transmit your authorization requests and deposit data, then get approvals and deposit confirmations back from the processor—all in a single phone call.