|
PAYMENT
GATEWAYS
A payment gateway
is a service that takes electronic payment information from your
online shopping cart or call center sales and translates it into
a form for your merchant account to process.
A gateway is required by VISA and the FED (Federal Reserve) for
ACH E-checks.
A payment gateway
takes information from a merchants' shopping cart or phone call
including the:
- customers'
credit card information and address
- your merchant
account information
The Payment Gateway
then:
- checks
for validity
- encrypts
transaction details
- sends
the information to the correct destination
- decrypts
the responses which are sent back to the shopping cart
This is a seamless
process. Data is forwarded to the gateway from your shopping cart
and secure (SSL) connection. The shopping cart is configured to
send information in a format that is acceptable to the particular
gateway. Your customer does not directly interact with the gateway.
The payment
gateway is the secure connection and it is independent of the your
point of sale software or the shopping cart that you use to transmit
the order information through the payment gateway.
The choice of payment gateway is a vital element that contributes
to the success or failure of your online business. 
|
