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The document evaluates three payment gateways for Outlook: Adyen, GoCardless, and Helcim. Adyen is suitable for high transaction volumes with strong security but has a complex setup and higher costs; GoCardless excels in recurring payments but is limited in payment method diversity; Helcim offers cost transparency and no monthly fees but is primarily focused on the Canadian and US markets. Each gateway has unique strengths, making them suitable for different payment processing needs at Outlook.

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12 views

Doc1

The document evaluates three payment gateways for Outlook: Adyen, GoCardless, and Helcim. Adyen is suitable for high transaction volumes with strong security but has a complex setup and higher costs; GoCardless excels in recurring payments but is limited in payment method diversity; Helcim offers cost transparency and no monthly fees but is primarily focused on the Canadian and US markets. Each gateway has unique strengths, making them suitable for different payment processing needs at Outlook.

Uploaded by

romeshpradeep31
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Common payment gateways for Outlook as per a report

Goal: Identify three payment gateways, other than Razorpay, that may be evaluated and
recommended to handle payments made at Outlook.

1. Adyen

Introducing Adyen: Adyen is an international payment platform that grows with the needs of
large companies and businesses having intricate and extensive payment procedures. It gives
you everything you need to manage payments across channels, sophisticated risk
management tools, and utmost security.

Benefits:

Adyen is a great choice for businesses on account of its inbuilt scalability and flexibility, not
only does it support a plethora of payment methods and currencies, but also makes it easier
for businesses with multicurrency or global footprint. Suits high transaction volumes; scales
with your business

Security: Adyen provides state-of-the-art fraud detection and PCI compliance, so the payment
is secure and you have less risk of any fraud.

A single platform for connected commerce: Adyen provides a coordinated solution for in-
store, mobile and online payments.

Drawbacks:

Complex Implementation: Adyen has a steep learning curve, and requires significant time
and resources to be setup.

Price: Boasting its features aside, Adyen is more costly than the rest of the payment gateways
for lower trade volumes for smaller merchants.

Cost Structure:

Processing fee0.10€ per transaction (EUROPE) / 0.12$ per transaction (US).

Transactions fees on payment methods: Approximately 2.9% + $0.12 for Visa and
Mastercard.

Verdict: If you are an Outlook user company Adyen is strong backend, global presence, and
security oriented platform; Who is it for?: Best for high volume transaction processing
requirements.

2. GoCardless

Summary: GoCardless focuses on bank direct debit and recurring payments, Streamlining and
cost saving-direct debit management, merchants square system with ease of use.

Benefits:
Affordable: The GoCardless cost structure is less than credit card processor fees, allowing
businesses to keep more of the money they collect.

Recurring Automated Payments: The platform is focused on handling recurring payments and
there's affordable support for subscription services.

Security: Remotely pulls from bank accounts across the Internet and delivers to bank
accounts through the ACH network that makes it one of the most secure payment methods.

Drawbacks:

Not good for Multi-Payment Methods: GoCardless focuses on bank transfers mostly and is
not useful for businesses requiring multiple payment methods.

Maximum Payment Failure: Customer account direct debit button, no money can be
swallowed up automatically with text follow-up

Cost Structure:

Card-minter Transaction Fees (%): A part of every successful bank transaction.

Per-Transaction Fees: Not available with all plans

Tip: GoCardless is highly effective in charging in reoccurring payments without breaking the
bank. This is especially helpful for businesses using a subscription model, or leaning towards
bank transfer payments.

Cost Structure:

Fees: To be assembled on transactions, a percentage of every bank transfer successful.

Per-Transaction Fees: Some Plans Relevant

A Better Plugin or Addon: GoCardless is recommended for Outlook (economical + best for
recurring payments) It is particularly useful for businesses working with subscription models
or focusing mainly on bank transfer payments.

3. Helcim

Key Features Of Helcim Helcim is a notable Canadian payment processor that provides
online payment processing, POS solutions, virtual terminal, invoicing software, and
subscription management.

Benefits:

No Monthly Fees: For low-volume merchants, Helcim provides a cost-effective solution by


not charging monthly fees.
Cost Transparency: Interchange-plus pricing is much easier to understand and is more
transparent than tiered-based pricing, making it easier for businesses to understand their
costs.

Well-Integrated: With strong e-commerce platform and accounting system capabilities,


Helcim is equipped to help businesses work smarter.

Drawbacks:

Geographical Focus: For businesses with a substantial international footprint, Helcim's


primary focus on the Canadian and US markets could be an impediment.

Configuration: More complex than some gateways - this one might take a while to get up and
running.

Cost Structure:

Online Payments: 2.60% + 25 cents per transaction over interchange rate.

Card-not-Related: 0.65% + $0.25 above the interchange rate (e.g., international transaction)

Bottom Line: Outlook users will save money and gain integration depth using Helcim, which
is recommended. Deemed most appropriate for small to mid-market businesses primarily
based in North America, signatures are built in Hackensack, NJ.

Conclusion: Each of the aforementioned payment gateways Adyen, GoCardless, and Helcim
are highly feature-rich and offer customization capabilities that could serve to bolster
Outlook's payment processing needs. The likes of Adyen are great for large enterprises with
complex requirements, GoCardless is particularly good for recurring payments and bank
credit transfers and Helcim ticks all the right boxes for budget-friendly costs and transparent
pricing.

All of these gateways have unique strengths and therefore can cater to different aspects of the
payment processing of Outlook, an important ensuring a comprehensive and efficient

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