You can think of a payment processor as a communication intermediary. Helcim offers volume discounts and comes with many APIs so you can customize your payment gateway.Stripe provides integration with your in-person payment system to help integrate your online and on-site stores.Stax is the best for high transaction values, as it has a low per-transaction cost for both keyed and swiped transactions.We’ve put together a list of the best payment gateways for businesses, but here are our top three favorites. You want to collect in-person payments but don’t want to buy a full POS system.You’re collecting payments over the phone without a physical credit card present.Here are a few examples of when using a payment gateway makes sense: Without them, you might be scammed by customers using fraudulent information or who don’t have enough money in their accounts to cover their purchases. Payment gateways are your only option for verifying the validity of a credit card in a virtual setting. ![]() You’ll want to use a payment gateway if you’re branching into the world of e-commerce. It doesn’t process the transaction directly, but rather, just makes sure the card is valid, similar to how a point-of-sale terminal checks a physical credit card’s chip. Once credit card information is submitted, the payment gateway sends it to the payment processor for verification. Payment gateways are often offered as a free service because the company charges fees for the payment processing side of the transaction. ![]() This is known as a third-party payment gateway. The gateway might be seamlessly integrated into the website (known as a white-label payment gateway), or the checkout may send customers to the gateway’s own website to complete the transaction and then send them back to the merchant. Their main purpose is to authorize a transaction, and they often include a purchasing page where the customer can securely submit their information. They are essentially the virtual version of a point-of-sale terminal chip reader. Payment gateways are a way to collect and verify a customer’s credit card details.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |