![]() ![]() Remember, without a payment gateway approving the transaction process cannot go move forward and you won’t receive your money. So, the main role of a payment gateway is to authorize transactions between you and your customers. The Payment gateways works with your purchase items from a brick and mortar retailer. It’s the same exact process as a point of service (POS) device does when you pay for your lunch at restaurant. Payment gateway services are required for all online credit card processing. Without it you won’t be able to securely charge your customers when they purchase items from your website. Ultimately, a payment gateway is the final step of the sales process on an ecommerce website. ![]() It’s basically a conduit between an eCommerce website and the bank that authorizes (or declines) a customer’s credit card payment.Ĭredit and debit cards, eCheck (ACH), and even cryptocurrencies like bitcoin are all processed through payment gateways. ![]() In other words, a payment gateway is simply a software application. There are even some payment gateways that will automatically add tax and screen for fraud.” “It also sends you a message from your credit card processor that lets you know a transaction has been authorized. “A payment gateway is the service that sends all of your credit card transactions to your credit card processors,” writes Will Lipovsky in a previous Due post. Will the gateway grow with your business?.What fraud prevention tools does the gateway offer?.What currencies does the gateway support?.Do you want a payment gateway and merchant account or an all-in-one payment service provider?.Is the payment gateway supported on your ecommerce platform?.How To Pick The Right Payment Gateway For Your Ecommerce Website. ![]()
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