The method
Use this prompt when advising businesses on selecting a payment gateway. Input details like business type, transaction volume, target markets, and required features. Analyze the AI’s recommendations, comparing them to your own research and the business’s specific needs to make an informed decision.
The prompts
Prompt 1
I need help selecting a payment gateway for my online business. My business is an e-commerce store selling handmade jewelry, primarily to customers in the United States and Canada. We process approximately 100-150 transactions per month, with an average transaction value of $50. I need a gateway that integrates easily with Shopify, offers good fraud protection, and has reasonable transaction fees. I would also like the option to accept payments in both USD and CAD. What are some suitable payment gateway options, and what are the pros and cons of each for my specific needs? Please also consider the ease of setup and ongoing maintenance.
Prompt 2
Evaluate the following payment gateway options for a subscription-based service targeting customers globally: Stripe, PayPal, Braintree, and Authorize.net. The service anticipates processing 5000-10000 transactions per month with varying subscription tiers ranging from $10 to $100. Key requirements include robust recurring billing capabilities, support for multiple currencies, advanced fraud detection, and excellent customer support. Rank the gateways based on their suitability for this business model, highlighting their strengths and weaknesses in relation to the stated requirements. Additionally, provide insights into potential integration challenges and any specific features that would make one gateway more advantageous than the others. Consider both cost-effectiveness and scalability.