If your customers have no option to pay you online, you’re risking to fall behind the competition in the eCommerce market. So, it’s high time you applied to a reputable payment processor for reliable and low cost merchant services that’ll allow you to accept payments over the internet. EMB payment gateway is among the services to consider. Let’s move forward to learn more about the topic.
Payment Gateways: How They Work
A payment gateway is an eCommerce application service that you can get from merchant services providers. It provides authorization for direct payment transactions or for those via credit cards. So, it’s for businesses and retailers operating online, as well as bricks and clicks, or traditional brick-and-mortar stores.
This service makes payment transactions easier and more secure. So, if you’re an eCommerce merchant interested in receiving payments online from your customers, you can’t do without this type of service. To get approved for a payment gateway, you can apply to your bank or a payment processor.
Let’s see how this service works. Here’re the steps of its operation:
• Authorization request
To protect your customers and their sensitive data, you must comply with the Payment Card Industry DDS (Data Security Standard) rules.
EMB Payment Gateway
A payment gateway in eCommerce helps with information transfer regarding transactions between payment portals and the front-end processors or banks. So, the high quality of this application guarantees a higher level of protection against fraud by providing a buffer of encryption between the buyer and the seller.
What’s more, high-quality payment gateways guarantee faster loading, which is no less important. Besides, did you know that some of the main reasons why customers abandon their shopping carts have to do with the quality of this service?
With all that being said, you can’t disregard the role the payment gateway plays in your transactions. Thus, take the time to find a true payment specialist like eMerchantBroker.com that can help you make significant headway in your industry.
EMB, the nation’s #1 high risk credit card processing company that carries an A+ rating with the BBB, is well aware of the nuances associated with high risk businesses and can best help you get the right payment gateway your company.
EMB, which also has an excellent rating by Card Payment Options, provides high-risk online payment gateway services for retailers, mail order/telephone order (MOTO) businesses, and merchants running a business online.
In addition, EMB is listed as “Best All-Around High Risk Merchant Account Provider” by ValuePenguin. EMB works with both low and high risk merchants, small and large businesses.
eMerchantBroker.com offers unique high risk payment gateways to make sure your check-out process is flawless. When applying for one, take into account its processing fees, what countries it accepts, and whether it accepts and processes mobile payments or not. Be aware that eMerchantBroker.com offers its own EMB payment gateway. Additionally, you can also apply for:
- 1st Pay
- eProcessing Network
Importantly, EMB offers the smartest transaction routing system you can find on today’s market and enables you to accept more than one currency type. All of the gateways are PCI compliant. They’re developed to:
- Make data transactions from merchant websites and credit card networks fast, safe and secure
- Increased time and cost-effectiveness
- Transparent process of application
- Approval in 24 hours
- Fraud prevention solutions
- 24/7 customer support
- A new web portal interface and reports so you access without difficulty and enjoy ease of use
- Access to the gateway and report data via API or application-programming interface
When applying, the following documents will be required, besides the application:
- A valid, government-issued ID
- A merchant account
- A safe and secure website: make sure the terms and conditions are available
- The latest bank statements (3 months)
- If applicable, the latest processing statements (3 months)
- Social Security Number or Employer Identification Number
The underwriters will check to see if you follow the steps outlined by PCI.
To sum up, a payment gateway provides authorization for online payment processing. This 3rd party between merchants and customers guarantees a secure transfer of funds. Thanks to the experts at EMB, you can enjoy unmatched cost-effectiveness and convenience for this type of service.