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.