A payment gateway would be the machine used to transmit your customer’s payment advice from the protected website to your protected merchant chip.
Consider it as the terminal which gathers, encrypts, and securely transmits the information to your merchant accounts. There are several unique services to select from when choosing your own payment gateway, though, it’s crucial to be aware that the gateway you select needs to be compatible with your eCommerce solution. You may know more about Payment Gateway via https://appletree.mu/.
Based on your 2009 Internet Retailer File, the 3 most Widely Used payment gateway providers from the best 500 eCommerce sites are:
Chase Paymentech Solutions LLC. (113 of the Best 500)
PayPal Inc. (75 of the Best 500)
CyberSource Corp. (45 of the Best 500)
All-In-One (Payment Gateway and Merchant Processor)
PayPal provides an all round service in which you have the payment gateway and the merchant chip collectively. The benefit here is that you don’t need to handle two individual accounts.
By way of instance, one of PayPal’s services boasts a level rate depending upon your sales quantity. The advantage here is that no matter what credit card is utilized, or if the card is qualified, then you get charged the exact same flat rate.
The payment gateway transmits the encoded charging data into your merchant processor who is then responsible for routing that this information to the credit card system.