'Payment Gateways' - FAQ
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Payment Gateways

Here will be the FAQs and details related to 'Payment Gateways'.

What is a payment gateway? +
A payment gateway processes online transactions between your business and your customers securely.
Which payment gateways are available for UK companies? +
Popular options include Stripe, PayPal, Square, Worldpay, and Shopify Payments.
Can I apply for a payment gateway as a new business? +
Yes, though you might face higher fees or restrictions until you build transaction history.
What documents are needed to apply for a gateway? +
You typically need your company registration documents, proof of address, and a functioning business website.
Are there gateways for high-risk industries? +
Yes, some providers specialize in high-risk businesses but may charge higher fees.
Can non-UK residents apply for a payment gateway? +
Yes, if you have a UK company and UK business address, many providers will accept your application.
How long does approval take? +
Approval usually takes between 3 to 10 business days depending on the provider and your documentation.
Do I need a business bank account first? +
Yes, most payment gateways require a business bank account for settlements.
Can I offer multiple payment methods to my customers? +
Absolutely. Most gateways allow you to accept cards, PayPal, and alternative payment methods.
What are typical gateway fees? +
Fees vary, but generally range from 1.4% to 3.5% per transaction plus a small fixed fee.