Every online business requires a reliable payment processing partner to ensure seamless financial transactions. The right payment processor software can help ensure a seamless business flow for years to come. On the other hand, if one makes mistakes in one’s selection, one will encounter headaches like confusing fees, scaling limitations, and clunky integrations. So, how can online businesses pick the correct solution? Knowing the common mistakes to avoid when choosing payment processor software can help. Mistake 1: Not making provisions for mobile payments Most customers prefer a responsive, mobile-friendly website over a non-responsive one. They may also feel more inclined to shop from a mobile-friendly website. Sometimes, customers decide against shopping from a business that is not mobile-friendly. Thus, you will miss out on a lot if your payment processor has no provision for mobile devices. Mistake 2: Opting for the cheapest available option Some businesses base their entire decision on the cost of the software. While preferring a cheaper option will initially save you money, it may result in several issues in the long run. For example, unreliable payment processor software may cause: System outages during sales spikes Account closures or freezes Convoluted reporting Poorly designed UIs Consequently, a business may face lost revenue and wasted time.