Payment Gateway Solution- A Hassle Free Option

Are you planning to sell flowers, books or antiques online? If you are venturing into e-commerce, a payment gateway solution is tailor made for you. It helps you in making and receiving payments for any e-business or retailing from any part of the world and in any currency. You can be assured that all sensitive information about you and your customer is secure, whatever mode of payment either of you choose. This reliable and efficient way of money transfer is visible at the point-of-sale (POS) terminal at retail outlets.

How does a payment gateway solution work?

Although it appears simple and fast, a payment gateway solution involves a few steps:

A customer places an order which is encrypted and transferred to the merchant’s web server. The concerned payment gateway gets this information and in turn informs the merchant’s bank. This bank then connects to the customer’s credit card issuing bank which either approves or declines the transaction and passes its decision back to the merchant’s server. This information, whether the transaction has been successful or not, is also sent to the customer’s server in an encrypted form. In case of an approval, the credit issuing bank transfers the funds into the merchant’s account. The customer gets to know if the credit has been accepted or not through the customer’s server. The entire process, typically, takes not more than five seconds to complete.

Features to look for: 

Before you log on to a Secure Payment Gateway solution, you must look into its basic features. Besides credit cards, it should cover debit cards, mobile applications and internet banking. Make sure your account details are safe, transactions completed in a secure manner and reports delivered instantly. The concerned website should be secure against any malicious attacks.  An available toll free number will help you in case of any queries and doubts. As soon as you log in, a number tracking your transaction should be made available to you. Does this online facility follow banking norms and flag transactions from high risk countries? If all the above criteria are met, you can be assured of satisfactory service.

Choosing the Best Payment Gateway For Your Merchant Check Processing Services

When a lot of people compare credit card merchant accounts, they often only look at the fees they will be charged per transaction. However, there is much more to looking the best-priced merchant check processing services than that. In fact, there are other fees and charges involved that can turn the most affordable provider into among the most expensive. If you are looking for a processing provider, here are a few of the things you’ll need to consider.

Not all credit card Merchant Account can connect directly to your shopping cart software. Therefore, you need a payment gateway to connect your merchant check processing services to your shopping cart order page. This allows it to relay information between your merchant check processing services account and your site. While they don’t come with additional services, you’ll notice payment gateways do include several features. If you’re looking for a payment gateway, here are a few things for you to consider.

Expenses Associated With Payment Gateways For The Credit Card Merchant Accounts

Every installment portal supplier charges distinctive expenses and offers diverse bundles. In this manner, ensure you analyze each of them deliberately before choosing which one to purchase. For example, some providers will charge a large setup fee while others have none. Then, you’ll likely need to pay a monthly fee and a small transaction fee in addition to any features you’ve decided to add to it.

You’ll need to be cautious here because price doesn’t always represent the quality of the service. Look for one that offers a good service for a decent price. Don’t be taken in by bargain basement prices or ‘premium’ services without researching them carefully first.

Security Features

Since installment passages transmit the customer’s touchy budgetary data to and from your charge card shipper account while lodging your own information, they are prime focuses for programmers. This makes security a flat out must and not something you need to take softly.

Therefore, go with a provider who has a good reputation and uses nothing but the best security systems and data centers to ensure your Merchant Check Processing services information and your client’s financial information remain private and secure. Also, look for Payment Card Industry (PCI) compliance as this will help ensure the security of their services.

Extra Payment Gateway Features

You should know about what your site has and does not need to forestall paying for one simple thing twice over. Subsequently, when you ask about installment passages, make certain to ask what accompanies it. This could incorporate a virtual terminal, repeating charging alternatives, misrepresentation and efforts to establish safety, combination choices, and checks.

Before you settle on your official choice, consider your needs first. On the off chance that you needn’t bother with repeating charging, for instance, and you pay additional to get it, you’re basically squandering cash. Ensure you recognize what highlights you require before settling on a choice so you can make sure to get all that you need.

When searching for a Secure Payment Gateway for your credit card merchant account, you’ll want to match each service to these points to see how each of them stacks up. Then, you’ll also want to consider reliability, company reputation, customer service, and your overall impression of the company. Simply by taking the time to choose a payment gateway provider now, you’ll be able to save yourself numerous headaches and money after it is hooked up to your merchant check processing services and Website.