The world of payment gateways is a confusing one, and it’s easy to feel overwhelmed by all the options. There are a lot of things to consider when choosing a gateway, but you can make the process easier by keeping these four tips in mind:
Don’t be tricked by marketing language.
- Don’t be fooled by fancy marketing language.
- Don’t be fooled by low fees.
- Don’t be fooled by the name of the payment gateway. For example, “PayPal” sounds like an established company with a good reputation, but it’s just a payment service that has been around for over 20 years and is now owned by eBay (which isn’t exactly known for its customer service).
- And finally: don’t let yourself get caught up in the hype surrounding new payment gateways! Many people will tell you how great they are because they want to sell their product or service–but this doesn’t mean that every word out of their mouth is true (or even remotely accurate).
Understand the way your gateway works.
- Payments are made through the gateway. A payment gateway is an online service that sends your customer’s information to us, processes their payment and then passes on to us the amount paid by them.
- Gateways can be used for different types of payments, such as credit cards or bank transfers (ACH).
- In addition to processing credit card payments, some gateways also support other forms of payment like eChecks (electronic checks) and PayPal. Some gateways only support one type of payment method whereas others support several methods at once!
- Some gateways act as middlemen between merchants and banks/credit card companies; others have direct connections with these organizations so there aren’t any additional fees involved when using their services!
Know who you’re dealing with.
When choosing a payment gateway, you need to know …
There are many payment gateways in existence that you can use to accept payments online. The best part? They’re all easy to set up and integrate into your website or store!
Stripe is a payment gateway. Stripe is a cloud-based platform that allows you to accept payments online. It’s used by many online businesses, including Shopify and Bigcommerce. Stripe integrates with many different ecommerce platforms, so you can use it to process payments for your store no matter what system you use.
Stripe makes accepting credit cards easy: just add their code to your website (or app) and start taking card payments right away!
Authorize.NET is a payment gateway that allows you to accept credit cards online. It’s highly rated, easy to set up and has a good mobile app.
Authorize.NET is one of the oldest and most popular payment gateways out there – its parent company has been around since 1996! It offers both secure card processing and e-commerce solutions for businesses who want to sell products or services online through their website (and not just on Amazon).
Authorize.NET lets you accept all major credit cards including Visa, MasterCard, American Express and Discover via an integrated gateway interface which connects directly into your web store checkout process – no external software required! You can also take advantage of their advanced fraud detection capabilities as well as help desk support 24/7/365 if something goes wrong with your account or transactions get declined unexpectedly by customers’ banks due unexpected circumstances outside our control such as power outages affecting internet service providers during peak traffic times like Black Friday sales days when many people try buying things online instead of going out shopping at physical stores nearby where lines may be long because everyone wants those same items too;
A payment gateway is a service that connects your eCommerce website to the financial network, allowing you to accept credit cards, debit cards, and other forms of online payments. In fact, it’s possible that you’ve used a payment gateway in some way today without even knowing it (such as when purchasing something on Amazon). Payment gateways are the lifeblood of any online business.
What is a payment gateway?
A payment gateway is a software or hardware device that lets buyers pay for goods and services online. It’s an essential part of any e-commerce site, serving as the bridge between your website and your bank.
Payment Gateways Explained
Payment gateways are the backbone of your online business. They connect you with your customers, providing the security and payment processing that makes it possible for them to pay you.
Payment gateways provide an interface between buyers, who want to make purchases from merchants using their cards, and the banks that issue those cards. They also manage risk by ensuring that transactions take place securely under PCI compliance standards (more about this later).
Types of Payment Gateways
A payment gateway is a service that allows merchants to accept credit card payments online. Payment gateways are used by online merchants, eCommerce websites, and online businesses in general. Basically, it’s the technology behind the scenes of your favorite shopping sites.
The most common type of payment gateway is an “authorize only” (AO) gateway–this means that it authorizes transactions but does not capture them until a physical check or cashier’s check has been received by your business and deposited into your bank account. You can also choose from other types:
- Capture only – This allows you to capture funds immediately after they’ve been processed through the AO processor but does not authorize them until later on