Today\u2019s ecommerce business owner has a multitude of choices when it comes to online payment solutions. There\u2019s PayPal, credit cards and mobile payment solutions, such as Apple Pay and Android Pay. But offering a variety of payment options to customers can be pricey, especially for smaller ecommerce businesses. Here are six tips for picking the right payment solution(s) for your business \u2013 and your customers.\n[ Related: 6 ecommerce categories that will take off in 2017 ]\n1. Vet providers.\n\u201cChoose someone who has a good reputation,\u201d says Mark Tuchscherer, president, Geeks Chicago. Ask fellow business owners who they use, and if they are happy. And read online reviews.\n\u201cYour payment processing system is going to be a business-critical part of your life,\u201d says John Shapiro, director of product management, QuickBooks Payments, Intuit. So \u201cbe sure to do research to select a trustworthy vendor, keeping in mind [or finding out] how the[ir] system will process transactions, which is often done by a third party. Also be sure to ask about transaction fees, being especially careful to investigate any hidden cost.\u201d\nOf course, the easy answer is to \u201cgo with a solution your ecommerce provider recommends,\u201d says Michael Schnur, cofounder, Buffy Boots.\u00a0\u201cThat\u2019s not to say don\u2019t do your research. But chances are your [ecommerce] platform has the easiest way for [a] not-so-tech-savvy person to [handle payments]. [So] if you\u2019re launching a small business and wearing many hats [and are not tech savvy],\u201d the simplest solution may be to just use what your ecommerce provider recommends and supports.\n2. Make sure financial information will be protected.\n\u201cWhen small business owners consider ecommerce payment solutions, the primary consideration should be security and PCI compliance,\u201d says Krista Fabregas, an ecommerce startup consultant and staff writer at\u00a0Fit Small Business. \u201cLuckily, some of the most competitively priced all-in-one online payment providers also are the most secure. Stripe, Square and PayPal top the list for secure processing, shopping cart integrations and ease of use [for omnichannel small business owners].\n\u201cFor small businesses that prefer to use their own merchant accounts, they should seek a reliable cart and gateway combination that ensures PCI compliance,\u201d she says. \u201cMost of the top shopping carts either provide or support PCI-compliant checkouts. Ecwid and Shopify are two that top the list for carts, while Cart66 is an excellent PCI-compliant shopping cart plugin for WordPress users.\u201d\n[ Related: 8 keys to ecommerce success ]\n3. Find out and compare fees.\nWhat does the service or plugin cost per month? Is there a one-time setup fee? Also, find out \u201cwhat the transaction fees are for your merchant account,\u201d says Matt Iswariah, owner, Luxzura. \u201cUsually there is a flat rate plus [a] small percentage charge.\u201d And keep in mind \u201cwhere your target market is and what currency they use. Some payment providers will [charge] extra fees for payments outside of your home currency.\u201d\nAlso compare the \u201ccosts per transaction versus monthly minimums,\u201d says Noah Bleich, co-creator, The TeaBook. \u201cYou might get a low processing charge, but watch out for the minimums and extra fees, especially cancellation if you switch.\u201d\n4. Think globally.\nIf your business is or plans on selling to customers outside of your home market, choose a payment platform that accepts different currencies, as \u201ccustomers need to be able to pay for services the way they want to,\u201d says Kris Nagel, CEO, Vindicia. \u201cEven if your immediate plans don\u2019t call for international expansion, your platform should have the capabilities to expand and grow with your business.\u201d\u00a0\n5. Consider a solution that offers more than just credit card processing \u2013 and has good tech support.\n\u201cWhen choosing an ecommerce payment provider, make sure that they have the capability to handle back-end taxation and compliance regulations versus just being able to process payments,\u201d says Hayden Reed, senior vice president & general manager, Digital River World Payments. \u201cIt\u2019s great if they can process your customers\u2019 payments, but it\u2019s even more advantageous and efficient if your partner can offer end-to-end support from payment and fraud protection to tax management and financial reconciliation.\u201d\nSimilarly, \u201cit\u2019s also important to find a vendor that offers strong tech support,\u201d says Shapiro.\n6. Don\u2019t pigeon-hole yourself with only one payment solution.\u00a0\n\u201cWhen we first started out, we didn\u2019t accept PayPal and inevitably lost some sales because of it,\u201d says Schnur. \u201cLuckily our shopping cart platform had an easy solution [for] integrating it into our check out. Today, online payments from PayPal make up 20 percent of our revenue.\u201d\nIndeed, while some businesses pooh-pooh PayPal, \u201ca 2013 study by Hill Marketing Group stated that almost 3 in 4 customers preferred using PayPal over a credit card,\u201d notes Ellen Cunningham, marketing manager,\u00a0CardFellow.com. \u201cRespondents indicated that PayPal was less important when they shop[ped at] larger, well-known websites, but was preferred [when shopping at] small ecommerce businesses.\u201d\nAnd you don\u2019t have to use PayPal as your primary processing method. \u201cYou can set up ecommerce payments through your preferred processor and add PayPal Express Checkout, allowing customers a choice of paying by card (through your processor) or through PayPal,\u201d she says.