What is a payment gateway?
The Payment Gateway provides a secure encrypted connection from GOpay to the Australian banking network for the processing of credit card transactions. GOpay is specially licensed and approved to use the Camtech gateway for merchant transactions. All transactions are conducted in the name of the merchant. GOpay is merely a part of the pipeline and does not become involved in handling the transaction proceeds at any point.
Payment Gateways connect a merchant to the bank or processor that is acting as the front-end connection to the Card Brands. They are called gateways because they take many inputs from a variety of different applications and route those inputs to the appropriate bank or processor. Gateways communicate with the bank or processor using dial-up connections, Web-based connections or privately held leased lines.
A payment gateway is a server on the internet that processes credit card transactions. Authorize.Net is one such gateway, and it’s the only one that Credit Card Terminal supports right now. To understand how the payment gateway fits in to the overall credit card transaction, have a look at Authorize.Net’s How it Works diagram, which gives a step by step illustration of the credit card transaction process and the parties involved. Your Authorize.Net account has an API Login ID and Transaction Key that identifies you. By entering these values into Credit Card Terminal — or any other software that supports Authorize.Net — the credit card processing can happen on your behalf. You will typically pay both a monthly fee and a per-transaction fee for the payment gateway.
A payment gateway essentially performs the same function as your POS terminal, automatically. The gateway software system takes the online payment information from your Miva ordering form and sends this information to the financial processor using your merchant account, and finally reports back whether the transaction was approved. Online processing or transaction providers offer this gateway. We use VeriSign and Link Point API.
A payment gateway essentially performs the same function as your POS terminal, automatically. The gateway software system takes the online payment information from your Miva ordering form and sends this information to the financial processor using your merchant account, and finally reports back whether the transaction was approved. Online processing or transaction providers offer this gateway. We use PayPal Payment Servcies and payQuake.
