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If you are a merchant running an online store, one of the first things to consider is to how you want your customers to pay for the products that they buy online. A payment processor executes the transaction between the customer, the merchant, the issuing bank and the acquiring bank. In other words, it is responsible for transferring the money from the customer’s bank account to merchant’s bank account. Here are the things to consider when looking for the right payment processor. PCI Compliance- A payment gateway stores the credit card information of the customer temporarily during the transaction process. Security and Fraud Prevention- In today’s time when there is an increase in fraud and data breaches, one should place high importance on customer’s sensitive payment information and confidential data.