Fees | Potentially Lower - Negotiate based on volume | Variable - Transaction fees & network charges | Variable - Gateway fees may apply |
Security | High - Robust security measures | High - Standardized security protocols | Moderate - Reliant on gateway security |
Payment Methods | Wide Variety - Direct debit, e-wallets, etc. | Limited - Credit/debit cards only | Limited - Depends on gateway |
Convenience | High - Online payments, automated features | Moderate - Requires card details | Moderate - Online payment options may vary |
Integration | Easy - Integrates with existing systems | Moderate - Integration required | Moderate - Integration required |
Data & Analytics | Comprehensive - Insights into payment trends | Limited - Basic transaction data | Limited - Basic transaction data |
Delinquency Management | Automated - Reminders & notifications | Manual - Chasing late payments | Limited - Reliant on manual follow-up |