If you’re running an e-commerce website, you can’t do without a payment gateway. A payment gateway can be characterized as the mediator between e-commerce sites and the payment processor. This system is required for secure payments authorization for your e-commerce website.
Why Do You Need a Payment Gateway?
Payment gateway systems can be viewed as the digital equivalent of credit card processors that you can find in digital stores. This makes payment gateways absolutely essential in online retail environments.
You can come across many platforms of this kind on the market. When choosing a payment gateway, it’s important to focus on whether it guarantees seamless and easy transactions, corresponds to quality standards and policies, and secures sensitive data to fight payment processing fraud.
A payment gateway is called to authorize transactions between you and your customers. So, if you own an e-commerce website, which implies you’re processing payments online, you must have a payment gateway. This is the only way to accept credit cards through the Internet.
Transactions processed over a payment gateway can be characterized as “card-not-present” transactions. What the merchant has is the credit card information that the customer enters. The merchant doesn’t actually see the customer’s credit card.
Setting Up the Right Payment Gateway
If you’re in the e-commerce industry, a merchant account and a payment gateway will be required for accepting credit cards online.
Before setting up a payment gateway, you must legally set up your business. A tax ID number, called an EIN, will be required. You must open an account, purchase a domain name, and have a working website. Then, you must select a third-party processor so that you can start accepting payments online.
A payment processor is typically a third-party company that handles payment transactions. A payment processor also provides credit card machines so you can accept credit card payments in-person.
It’s critical to turn to a respectable payment processor like emerchantbroker.com to get the best payment gateway for credit card processing. EMB, the nation’s #1 high risk processor, offers a high risk credit card processing merchant account with the lowest possible rates in the industry. With EMB, you can enjoy the best merchant account services, unmatched chargeback prevention and protection programs, and multiple payment gateways, including its own one.
When it comes to payment gateways, emerchantbroker.com provides the most advanced, intelligent transaction routing system in the industry, which is of great help to high risk merchants in their everyday business lives. Importantly, this new gateway can detect gift cards and prepaid cards, which is a major plus for retailers.