How to Quickly Create an Online Store and Integrate a Payment Gateway

Your ambitious entrepreneurial journey starts with launching an eStore. Before you do that, you need to contemplate which e-commerce platform to choose.  As far as integration of a payment gateway is concerned, you have many choices. We’ll discuss these aspects of setting up and launching an eStore in this article.

While choosing an eCommerce platform, you have the following three options available:

A. Open source software

B. Dedicated platform

C. Software as a Service (SaaS)

Each one of these platforms has different features and you can choose the one that matches your needs.

A. Open source software

The most cost-effective solution for you is to go for open source software, where you don’t need to pay for any license or subscription fee. However, it requires you to have the knowledge of software development in order to install and manage the platform.

If you are not trained in IT skills, you will have to hire someone for all of your updates and changes required to be made on the website.  But, this can be a costly affair as you would have to pay certain charges for hosting, server and certificates.

The other drawbacks with open source platforms include security concerns involved and lack of customer support.

The popular open-source platforms include Shopify, WooCommerce, OpenCart and Magento. These platforms have different features in terms of user-friendliness, price, security, and integration.

B. Dedicated platform

Another option which is probably not so ideal for startups and small store owners is a dedicated platform. Usually an IT company will provide you a dedicated platform according to your specific requirements and offer tailored solutions for those who are aware of the different functions and features that they would like to have on their website.

It is both expensive and time-consuming and not ideal for startups and businesses on a shoe-string budget. If you have a highly unconventional system of sales and storage, then it’s for you. It’s an ideal solution for big corporations that are keen to offer the best user experience.

C. Software as a service (SaaS)

If you like a platform which you can manage anytime, then SaaS is the right option for you. SaaS has a lower initial setup cost. When you choose this option, you can pay according to the number of transactions.  You can also be charged according to the number of users.
As compared to an open source platform, SaaS offers you the desired freedom. It allows you to conveniently make changes as and when you want.
SaaS is also good for branding and building long term relationship with your customers.

Using an online marketplace to sell your products

If branding and customer service is not on your mind and all you need is to start selling online, then instead of using the platforms and creating your own eStore, use the established marketplaces such as Amazon, eBay, or other regional players.

It is extremely convenient and you do not need to invest in marketing, technology and tools. However, there is high competition on these platforms and you need to pay some commission plus the listing fees.

Moreover, you will not be able to provide sufficient customer service, so it’s a bad option for branding.  However, if earning revenue on your online sales is your sole objective, this can be the best option.

Integrating a payment gateway

If you want to integrate a payment gateway into your online store, you can use the plug-ins such as Zen Cart, Magento, OpenCart, osCommerce, Prestashop and WordPress, etc.  When you integrate a payment gateway, it will automate the payment transaction between the merchant and the customers.
It will also enable the customers to use their credit cards and other modes of payment methods so that they have a variety of payment options. Integration should be easy and payment gateway should provide a robust customer support so that the issues are resolved within a specific time frame without affecting your business.

Choose PayTabs as your payment gateway as it comes with great customer support and standard technologies to quickly and conveniently integrate into your eStore.