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What is a payment gateway?

Gateway payment
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What is a payment gateway?

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A. A payment gateway allows funds to be transferred from the credit cards of people who buy your products online to your account. You can either have your own payment gateways through banks like ICICI and UTI, or use third party payment gateways like CC Avenue and PayPal. 5.

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A payment gateway links your web site to the credit card processing companies and your merchant account. When your customer enters his or her credit card number on your web site, the payment gateway obtains authorization for the charge and later handles the transfer of funds into your merchant account. Our Merchant Services accounts work with the industry’s most widely used and reliable gateways including USAePay and Authorize.Net.

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Your Dynamic online trading account is linked to your bank account and you can transfer funds online using Payment Gateway through Internet. Currently Dynamic has tied up with HDFC for this facility. This facility will soon be extended for other online banks.

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A payment gateway is the bridge between your e-commerce website and your bank’s credit card processor. A payment gateway authorizes payments for all types of merchants. It is similar to a physical POS terminal used by most retail merchants. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant.

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A payment gateway links your web site to the credit card processing companies and your merchant account. When your customer enters his or her credit card number on your web site, the payment gateway obtains authorization for the charge and later handles the transfer of funds into your merchant account. Total Merchant Services works with the industry’s most widely used and reliable gateways including the TotalPay powered by Authorize.Net, Plug N Pay, and VeriSign Payment Systems.

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