Online Payment: For online transactions, the payment gateway is typically integrated into the merchant’s website through a third-party service provider or via an application programming interface (API). This integration allows the website to communicate with the payment processing network and receive ...
But first, we should explain how online payment processing works. In basic terms, it refers to how money moves from your customer to your business. Though this may sound simple, there are many moving parts involved in processing credit and debit card payments, whether online, via phone sales...
The architecture of a payment gateway will differ depending on whether it is an in-store gateway or an online payment portal. Online payment gateways will requireapplication programming interfaces (APIs)that allow the website in question to communicate with the underlying payment processing network. I...
Find out what a payment gateway is, as well as useful tips on using a payment gateway for your business.
A payment gateway is the pathway where your customer’s credit card information travels securely through to your payment processor and then to the customer’s issuing bank. Think of it as an online version of the device in a store where you tap, dip or swipe your card. ...
When you buy things online, you need a way to pay for them, right? Well, that’s where a “payment gateway” comes in. It’s like a virtual cashier for the internet. Now, some websites use ready-made gateways from other companies, but here’s the thing – using those can cost mon...
Additionally, from 2020 through 2025, online payment transaction values are likely to grow more than 15%. In an increasingly cashless world, where payment services are primarily performed digitally or through credit cards, a payment gateway can simplify and expedite payments to help both consumers ...
While Point of Sale (PoS) terminals used in-store are a form of payment gateway, the phrase is usually used to refer to online payment gateways. Payment gateways allow merchants to accept payments via credit or debit card (they can also be referred to as a credit card payment gateway) ...
2. Choose a payment processor. A payment gateway works hand in hand with a processor to complete online transactions. This could be a financial institution, a card network, or an independent processor. In any case, you’ll need to ask for the processor’s API documentation and follow impleme...
When you accept a payment online, the gateway will securely encrypt the data to be sent to the acquirer, and then to the card networks. The card networks then communicate with the issuing bank, which either confirms or denies the payment (bank rules or regulatory requirements may sometimes req...