Start by setting up your account with your desired mobile payment provider. This process typically requires you to enter your name, address, bank account information, and other vital information. Once the account is setup, you will need to link the payment platform to your bank accounts or credit cards.
- Choose what type of payment gateway you would like to use
- Research the different available payment gateway options
- Compare the corresponding fees and transactions that come with each option
- Sign up for an account with your chosen payment gateway
- Link your account to your banking information or credit cards
- Understand how fees are debited and how much you will be charged per transaction
- Understand the security measures which the payment gateway uses to protect you and your customers
- Develop a plan for each transaction type and how you will reconcile payments
