What is a Payment Gateway?
A payment gateway is an e-commerce service that processes credit card payments for online and traditional brick-and-mortar stores. It acts as a bridge between a payment portal (such as a website or mobile app) and a acquiring bank, verifying the customer’s payment information and securely transmitting the transaction details for processing. The payment gateway returns a response to the merchant and the customer indicating the status of the transaction, such as success or failure.
Why should a business choose a Payment Gateway over other services?
1. Customization: Payment gateways offer more customization options for businesses, allowing them to integrate their branding and specific business requirements into the payment process.
2. Security: Payment gateways provide a higher level of security for transactions compared to other options like PayPal. They use advanced encryption and fraud detection technologies to protect sensitive customer and transaction data.
3. Processing speed: Payment gateways can offer faster processing speeds, as they are directly connected to the acquiring bank and can process transactions in real-time.
4. Integration: Payment gateways can integrate with a variety of e-commerce platforms, shopping carts, and other software, allowing businesses to manage their entire sales process from a single location.
5. Cost: Payment gateways may offer more cost-effective pricing options, especially for high-volume businesses.
Contact Us today.
PCI Compliant
Cost Effective
Seamless Integration
Faster Processing