Online Payment Gateway Study

Sep 14, 2018

Are you a merchant looking for reliable and affordable merchant services, including a merchant account, for your business? Where can you find them? what does the latest study on payment gateways show? This article will tell you about all these things.

What to Know About Online Payment Gateways

The global payment gateways market is driven by the growth of the e-commerce industry. Also, the high penetration of smartphones and investments in high-speed internet like 4G and 5G serves as another driving force for the market.

The slowdown in the global economic growth has brought its impact on the payment Gateway industry. However, the industry didn’t lose its relative optimism for growth. Over the last 4 years, the payment gateways market has maintained the average annual growth rate of 13.34% from $1615800 million in 2014 to $2352455 million in 2017.

If you want to accept credit cards and electronic check payments, you can’t do without a merchant account and payment gateway. How is this made possible? Well, funds are kept in merchant accounts before being transferred to the bank account of your business. A payment gateway serves as a tool that approves or declines online transactions coming to your business.

So, thanks to online payment gateways, the payment processing information is being transferred between front-end processor, e.g., bank and payment portals like websites and mobile apps. The payment gateways guarantee proper transaction and make the transaction safe and secure.

You can see online payment gateways being applied for a large variety of cases such as for micro and small enterprise, as well as large and mid-sized enterprises. Beyond that, the micro and small enterprise area was the most widely used one, which represented 61.09% of the global total space in 2017.

Online Payment Gateways in the World: Get a Merchant Account

Did you know that China has been the largest country of online payment gateways all around the globe over the past few years? The online payment gateway market in China made up about 18.97% of the global market in 2017. When it comes to the USA and Europe, they accounted for around 15.86% and 15.72% respectively.

When choosing an online payment gateway, it’s critical to find a reliable and experienced payment processor to work with. So, to get a merchant account, payment gateway, and other merchant services, turn to a reputable credit card processing company like eMerchantBroker.com. EMB is voted the nation’s top high risk merchant services provider and carries an A+ rating with the BBB. Besides, EMB has an A rating with Card Payment Options.

eMerchantBroker.com understands the business models necessary for each different kind of payment gateways. EMB’s experience and rates are exceptional in the industry. EMB offers a high risk payment gateway that can help ensure flawless check-out processes.

It’s interesting to know that the key regions of online payment gateways include North America, Europe, Asia-Pacific, South America, Middle East, and Africa. With eMerchantBroker.com, you can get payment gateways like 1st Pay, Authorize.net, eProcessing Network, NMI, as well as EMB’s own gateway.

With, EMB’s high risk payment gateway, you can be sure to enjoy high security and the necessary infrastructure for quick, safe data transactions from merchant websites and credit card networks. As a result, you can save time and money.

eMerchantBroker.com is dedicated to providing you with an honest application process. You can get your approval in as little as 24 hours. Fraud protection tools and all-day customer support are guaranteed. What’s most important, EMB’s payment gateways are PCI (Payment Card Industry) compliant.

What does “being PCI compliant” mean? Well, to protect customers and their information from appearing in wrong places, all merchants must comply with the PCI Data Security Standard (DDS) rules. International credit card brands were the organizations to start PCI DSS: these include JCB, Visa, MasterCard, American Express, and Discover. The goal is to provide security for cardmember data and transaction data.

As you see, payment gateways play an incredibly important role in online payment transactions. So, you should work only with a respectable payment processor to get only the best deal for your business.

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat