What Is A Payment Gateway?

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Many businesses have a misconception about payment gateway and their primary functions. Many merchants believe that owning a payment gateway is just like having a mobile application, meaning that it should work as soon as they acquire it. In most cases, businesses don’t know that a payment gateway only facilitates a payment transaction between the merchant, or point-of-sale, and the merchant’s bank (the acquirer. Therefore, it must be connected to their bank to function.

But each payment gateway is more than just a software platform that processes credit cards at online and offline stores. In fact, it transfers essential information between websites/mobile devices and payment processors/acquiring and keeps it secure.
Before adding a payment gateway to a website, licensing a complete payment system, or starting to develop one from scratch, it’s vital to understand payment gateways in great detail.

So, if you’re a merchant willing to integrate a payment platform into your website, and make the customer’s payment experience quick and seamless, think of the gateway as a tool to process payment transactions online.
To help you better imagine what a payment gateway is and how it works, we’ve created our latest video. With this video, we will guide you through the payment gateway concept in great detail.

Once you have finished watching this video, check out others from our instructive video series about payments and payment gateway features. In doing so, you will gain a thorough understanding of Merchant Onboarding, Tokenization, Batch Processing, Recurring Payments, Payment Card Decline Recycling, and other features that every reliable payment platform should possess.

 

What Is A Payment Gateway? обновлено: November 27, 2020 автором: Michelle Martin
Summary
What Is A Payment Gateway?
Article Name
What Is A Payment Gateway?
Description
Looking for a payment gateway? Why not learn how payment gateways work? And further, why should they be connected to a bank, and what role they play when a transaction occurs?
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Publisher Name
UniPay Gateway
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About UniPay Gateway

UniPay Gateway is the accomplished payment gateway software, being flexible and customizable it meets the requirements of the most demanding clients.

The choice of UniPay gateway is the choice of the reliable, time and industry tested payment solution, which can help your business to become more competitive and profitable.

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