Payment Gateways

The Role of the Payment Gateway

The role of the payment gateway is vital to ecommerce. Without a payment gateway, credit card payments cannot be processed online. What is a payment gateway? Payment gateways provide an essential service for credit card transactions. They facilitate these kinds of transactions by transferring information between payment portals and the payment processor or bank. To…

Read More

Payment Gateways 101 – a Brief Guide

A payment gateway enables online card payment transactions by connecting an Internet webpage to the traditional banking network. Payment gateways communicate the authorization of funds being transferred to the merchant securely and conveniently for the cardholder, but don’t transmit payments; that’s the role of payment processors. The role of payment gateways is not limited to…

Read More

How a Payment Gateway Can Help Your Business

Before we can see how a payment gateway will help your business, let’s first understand what it is. A payment gateway is a secure service provided by merchant service providers to merchants so that they can accept credit card payments online. Payment gateway software integrates with the checkout option on your website and runs 24/7/365…

Read More

Is There a Difference Between Payment Gateways?

A payment gateway is an ecommerce service that processes credit card payments for online and regular stores. They enable these transactions by connecting an Internet website to the traditional banking network, so that the transaction information can be transmitted to a payment processor. Payment gateways don’t transmit payments (that is the role of payment processors); rather, payment…

Read More

Payment Processors vs. Payment Gateways

When you sign up to accept payment by credit card, all the terms and processes can seem very confusing, but you don’t need to have extensive knowledge of the intricacies of card payment systems to become a merchant. To become a merchant you have to open a merchant account, and once you have a merchant…

Read More

How Payment Gateways Work

The simplest way to think of a payment processor is to start with the example of an electronic card reader. These are also known as POS (Point of Sale) terminals. It’s the little device at a store where customers swipe their credit cards. This is the main way to physically process credit cards for retail…

Read More

A Short Guide to Payment Gateways and ACH Payments

When you first start ecommerce research, It’s easy to get confused. Yes, the information is readily available, but sometimes, it’s puzzling, technical, and even contradictory. For example, you probably know you need a merchant account so that you can accept credit cards from your customers. But then you start to hear about networks, gateways, clearing…

Read More

Choosing a Payment Gateway

Your merchant account provider will usually provide a payment gateway for you as part of your merchant account.  But many merchant account providers will allow you to switch to a different payment gateway if you have special needs, or if you would just prefer a different one.  Here are a few recommendations to keep in…

Read More

The Difference Between a Virtual Terminal and a Payment Gateway

The payment processing system behind a virtual terminal and a payment gateway both permit merchants to accept credit cards over the Internet.  In both cases, the customer card information is passed from either the virtual terminal or the payment gateway in an encrypted format through a complicated network to ultimately reach the customer’s issuing bank…

Read More

Merchant Accounts vs Payment Gateways

When customers make a purchase online, it’s still a lot like buying something in a physical store in some ways. Your customer selects your item, puts it in their shopping cart, goes to the cashier, makes their payment, and receives their item. The main difference with virtual shopping is, of course, that they don’t need…

Read More