What is payment gateway?

-

Businesses have shifted from the traditional to internet-based giving constant addition to the e-commerce ones. They could be physical goods businesses or service-based e-tailers. Either way, there is hence a shift with the payment module. A payment involving the use of electronic mediums. Payment gateway as such allows the merchant to accept credit card and other forms of electronic payment. They are a merchant service that supports online money transfer.

In other words, a payment gateway is a 3rd party service that processes, verify and accept or decline the credit card transactions entered by the consumer for the merchant. A consumer places an order from the merchant’s website. He/she then enters the transaction data such as his /her credit/debit card number for payment, the data gets encrypted by the payment processor through the gateway, the payment processor then communicates the issuing bank the data entered. The payment gateway retrieves feedback back from the bank which could either be an acceptance or a decline. The response is then transmitted to the payment gateway and to the merchant’s website. With acceptance, the payment is immediately credited to the recipient’s account, the merchant.

The whole payment process is necessary because there is huge concern regarding security when it comes to payment. Which is the sole reason for payment gateway? Security is a major component of all payment gateways.Every transaction occurring between the merchant and the issuing bank is encrypted to protect sensitive financial information.

Payment gateway as a service sure is an electronic alternative to traditional paper methods. Not having the right payment method can lead to huge card abandonment and the incurring of losses. However, before you integrate payment gateway to your website’s shopping cart make sure it is highly optimised. Because less optimized payment gateway can prolong the checkout process and have loss of consumers. Make sure the payment gateway you integrate also accept foreign currencies. Offering various payment methods such as debit card, credit card, internet banking etc is also the wisest decision. Also, check if the payment gateway operates on the more recent ideas such as Bitcoin or Mobile wallets. Because not all consumers have the same payment method. Once you have the knowledge of which gateway works for your website you can expect an instantaneous and secured payment.



Comments

  1. Ferb ShamonJune 26, 2019

    I really liked you way to explain that what is a payment gateway, You have shared in very simple and understandable language. Keep giving updates.

    Payment Gateways

    ReplyDelete
  2. Highriskmerchant ExpertJanuary 17, 2020

    Thanks to share this information with us.
    Are you looking for the High Risk Merchant Services? Let me tell you then that you are at the right place because I am an expert in Best High Risk Merchant Processing Services .if anyone is looking to High Risk Payment Gateway or any other kind of Service do visit our site.

    ReplyDelete

Post a Comment

Popular posts from this blog

How to Choose a Table Runner?

-
Image
A table runner is the best method to accessorise your table which dresses the centre of your table and running the length than usual table cloth. This makes your table to shine mainly if you have a wooden table. If you don't have it's fine because these table runners will create many unique looks that range for causal to formal and festive to rustic. These are not common before but they are very famous now. Here we got a great guide to help you In choosing the best table runner.   1.Pick Table Runner Which Is Perfect For Your Dining Table   This should be the first method to consider. To consider your table runner dimensions for the table you should measure the width of the dining table then divide it by three. If you have 60 inches wide rectangular or square table your runner needs to be 20 inches. So your place setting doesn't overlap with your table runners. Table runners  need to be hanged six inches on both sides of the table ideally.   2. Fabric   Tabl
Read more

Why Magento is the best ecommerce platform?

-
Image
The activity in marketing has taken a huge step. Buying and selling goods tangibly from the stores has shifted its focus on to electronic screens. This removal of robust barrier hence has open the scope for business to a whole new, gigantic online platform. And one such irrefutable platform is Magento. Infact, it is rather rightly said when Magento is created to be an ecommerce platform. Considered as one of the best CMS platform its characteristics sums up an ideal ecommerce platform . Such as flexibility, expandability, scalability etc. Because Magneto is an open source leaving ecommerce platforms highly modular and customizable. Magento   also comes with excellent software that makes you customize the page design according to the way one likes. Its rich administrative area also makes you modify product features, categories, content and basically everything that makes up a functional ecommerce platform. The major strength of Magento as an ecommerce platform also comes wi
Read more

Digital Marketing and SEO trends in 2018

-
Image
Digital Marketing Anyone form of marketing or service which is accomplished using electronic devices is Digital Marketing and this can be done both online and offline. But technically, Digital Marketing signifies advertising via search engines, websites, social media, email, and mobile apps.  Going thoroughly through Digital Marketing, it’s impossible to cover all its types because not each of the type is universally accepted. Some of the types of Digital Marketing on which the whole world will surely concur with are Paid Search, Search Engine Optimization, Content Marketing, Social Media Marketing, Email Marketing, Mobile Marketing and Marketing Automation.  Search Engine Optimization (SEO) Search engine optimization (SEO) is the process of optimizing your online content so that a search engine likes to show it as a top result for searches of a certain keyword. SEO is the magic you have to work on your article in order to make Google very likely to include your post as one
Read more

What is the best way to do email marketing?

-
Image
Getting started with email marketing, guarantee your 1st campaign may be a success. Step 1: Establish your goals It is often tempting to easily register for an associate degree email marketing tool like Campaign Monitor and begin causing your 1st campaign. But before jumping in head 1st, it’s value taking a second to trust your goals and what you actually need to attain with email as which will dictate the sort of campaigns you send, World Health Organization you target, the content you embrace, and the way you live success. The key to establishing the right goals for your email selling initiative is to align them together with your company’s wider selling goals & KPIs. is that the goal to drive new signups for your product? New leads for your sales team? a lot of attendees for your event? a lot of donations for your cause? Email selling is that the single most powerful channel to succeed in your audience, and it is often wont to win a variety of various obj
Read more

Why did you choose digital marketing for your business?

-
Image
Today’s marketing era has become so digitized that there is an immense need for the company units to analyze the current market trends and work accordingly. Pay Per Click or PPC is an online advertising and marketing promotion campaign on websites in which advertiser pays to the publisher when the users click on the specific banner or a link. PPC is definitely a precise way of gaining traffic to generate adverts. With our network of social media influencers, we amplify the thrill around your business on the right channels. A strong online presence could potentially be the deciding factor between two who have applied for the same position. Online Reputation Administration is the practice of monitoring the reputation of an individual business or a firm. It involves in re-building company's brand by tracking either negative or positive responses using SEO tactics. Affiliate Marketing- Affiliate Marketing was started years ago with a group of 4 friends aiming to complet
Read more

What is Google Sandbox?

-
Image
The Google Sandbox Google Sandbox is a tool, filter, Google is using to find out website spammers or low-value website without relevant content. The results of such action are that your website, even one or two months after your search engine optimization action, isn't visible in the search results made by Google. This means that Google categorized your website as not relevant or doesn’t see any worth or the importance of it. in this case, you wish to try and do one thing regarding it. you wish to start out making relevant and valuable content to avoid such valorization from Google. How To Get Out Of The Google Sandbox? As, you know already, your website is your “window to the world”, your showcase, your home wherever you'll store all kind of content you have got created, beginning with written articles, graphics, images, blogs, audio and video content, surveys, forums, opt-in boxes, newsletters, etc. You need to focus on website site and begin making
Read more

How to build a wordpress website?

-
Image
Thanks to website building platforms such as WordPress, building websites doesn’t necessitate coding or designing skills. Because as a CMS, WordPress website is beginner friendly and accessible to anyone willing to have their own websites. Be it for businesses owners, freelancers, creative artist WordPress website is user friendly that demands no technical know-how. But before you dive your head to the website world you will have to establish few steps in mind. Even with WordPress as a platform you cannot miss out setting up a hosting and a domain. The domain are responsible for your website address and the hosting to connect your site to the internet. Hence without the two setting up a website is beyond question. HOSTING AND DOMAIN For people with WordPress website after setting up the hosting and the domain, it is time to give your website the look. Because as a CMS, WordPress comes with many features and themes to make your website all the more attractive. You can cho
Read more

How do I choose web designing company?

-
Image
What is web designing? Web designing is something which ensures the process of designing the website. The more your website is appealing the more your client will be involved, and this is what perfect website means. A perfect website with tempting contents and animations is something WeCart Online Solutions provides.  What does your website show? Your website is the first inkling of your company and shows the volume of your work. The immensity of your company is not only shown through the informative content but also the experience it is giving to the website visitor. We at WeCart Online Solutions assure the best webpage layouts, animations, graphics and productive content which will not only hold your clients but will force them to involve in the same.   How to choose the best web designing company?  Look for the web industry which is 100% trustable and reliable. Who can bestow you the well-founded services with awe-inspiring creativeness to render a perfect
Read more