greenwebdesignWhat is a Payment gateway?
Posted by greenwebdesign on February 29, 2008
What is a Payment gateway?
A payment gateway is an e-commerce service that authorizes payments for e-businesses and online retailers. It is the equivalent of a physical POS (point-of-sale) terminal located in most retail outlets. A merchant account provider (such as AMG) is typically a separate company from the payment gateway. Some merchant account providers have their own payment gateways but the majority of companies use 3rd party payment gateways.
The gateway usually has 2 components: a) the virtual terminal that can allow for a merchant to securely login and key in credit card numbers or b) have the websites shopping-cart connect to the gateway via an API to allow for real time processing from the merchant’s website.
When you need a payment gateway, Advanced Merchant Group can help! Contact us today for more information on setting up a Payment Gateway for your business!
Posted in Online Merchant Accounts, Payment Gateways | No Comments »
