What are payment gateways?
Payment gateways are services offered to eCommerce businesses that allow them to accept credit card and debit card payments. The easiest way to think of payment gateways is to think of them as a virtual point of sale terminal. Payment gateways are the link between the customer, business, and financial institutions. What are the benefits of payment gateways? The biggest benefit to the best payment gateways are the security they provide. Payment gateways will take your customer’s credit card and debit card numbers and encrypt them so that nobody who shouldn’t have access to them does. This security feature is often down in three parts: • The entire order is processed through the HTTPS protocol. • In order to validate the payment page result, a signed request or password is required. • The IP address of the requesting server during the payment will be verified. How do payment gateways work? Best Internet Merchant Account has put the payment gateway process into a table format for you to u
